Corning merges with ACFCU
American Community Federal Credit Union (ACFCU), located in Chambersburg, and Corning Credit Union (CCU), headquartered in Corning, N.Y., have announced that the two organizations will be merging Jan. 1, 2012. Corning Credit Union will be the continuing credit union once the merger takes place.
Corning has a branch office in Greencastle.
Both credit unions have collaborated extensively over the past several months, during which time ACFCU has also been without a CEO. According to a news release announcing the move, a merger will be beneficial for members of both organizations, as ACFCU members will benefit from increased product and service offerings provided through CCU and CCU members will gain an additional branch location in Chambersburg. In addition, CCU will retain ACFCU's community field of membership, ensuring that anyone who lives, works, worships or attends school in Franklin County will be eligible for membership at CCU.
“While CCU has always been strongly committed to the Greencastle area, this merger will solidify us as a credit union leader in the area and will reinforce our commitment to growing our business in Franklin County,” said Gary Grinnell, Corning Credit Union President and CEO. “Our goal now is to make the transition smooth and successful for all American Community Federal Credit Union members.”
Grinnell stressed that American Community Federal Credit Union members do not need to take any action at this time. American Community Federal Credit Union services will continue uninterrupted until Corning Credit Union is ready to begin transitioning accounts. CCU will provide American Community Federal Credit Union members more detailed information about the merger by mail in January.
For more information about the upcoming merger, members should contact Corning Credit Union by calling 800-677-8506, ext. 744.
CCU was founded in 1936 with the goal of helping Corning Glass Works employees with their financial needs. Throughout the years, CCU has opened offices in North Carolina and Pennsylvania, in addition to the 10 offices in the Corning/Elmira, New York area. CCU now serves more than 79,000 members all over the world, with assets under management of $1.5 billion. Field of membership has also expanded to more than 1,000 employer groups and associations, as well as businesses.