Torrance, Calif.-based UNIFY Financial Federal Credit Union on Thursday said it has received all approvals to merge with ADP Federal Credit Union.
ADPFCU has more than $65 million in assets and serves more than 9,000 members nationwide from its two offices in Roseland, N.J., and Alpharetta, Ga. Members of ADPFCU approved the merger at a special member meeting late last month, officials said.
The conversion of ADPFCU accounts to UNIFY is planned for the second quarter of 2017. UNIFY has more than $2.3 billion in assets.
Management at ADPFCU said the merger will provide its members with “significant benefits,” including access to more than 50 branches throughout the country, a 24/7 telephone contact center, and the latest banking technologies. ADPFCU’s two branches will remain open, and staff will remain with UNIFY.
“This merger partnership provides the opportunity for our credit union to take a significant step forward in our future growth and long-term success to benefit our members,” Rick Herbert, ADPFCU’s president and CEO, said in a statement. “Not only is UNIFY a great operational and cultural fit, the merger will significantly expand the products and services available to our members as well as provide multiple resources for members to conveniently manage their accounts, anytime, anywhere.”
UNIFY CEO Gordon Howe said, “We are excited about our partnership with ADPFCU and the opportunity to bring its members new products, technologies and convenience from their credit union. Both credit unions are committed to a shared vision of providing members with top-tier products and services, while keeping the personalized service the credit union has always delivered through its outstanding staff. We have great respect for the ADPFCU team, and look forward to working with them through the integration process and beyond.”
UNIFY, which currently is transitioning its name from Western Federal Credit Union, was part of three mergers in 2016:
