UECU and NE PA Credit Union Announce Merger Approvals

Utilities Employees Credit Union (UECU) and NE PA Credit Union (NE PA) are excited to announce their merger has received regulatory approval and member approval by a majority vote of the NE PA membership. With an outstanding 90% approval at the December 19th special meeting, the vote demonstrates strong support for the vision and future of the credit union. The legal date of the merger for the two organizations is planned for January 1, 2025.

The newly merged organization will have assets of over $1.45 billion, serve more than 62,000 members, and employ approximately 130 employees. UECU and NE PA’s four locations throughout Eastern Pennsylvania will remain open to serve members.

This decision marks a significant milestone in UECU and NE PA’s commitment to providing expanded financial services and resources to their members. The merger is designed to enhance members’ overall banking experience by combining the strengths of both institutions. This will result in access to an expanded range of financial products and services and improved digital services, increasing the overall value and offerings for members.

UECU brings decades of experience in providing a broad array of financial services to members that will now be available to NE PA members, including a robust rewards program, Visa ® card benefits, and expanded loan options.

At the time of the legal merger, January 1, 2025, NE PA Credit Union’s legal name will become “NE PA Credit Union, a Division of UECU.” Both organizations will continue to serve members as usual as they ramp up efforts to fully integrate their core banking systems by the third quarter of 2025.

"We are excited to welcome NE PA Credit Union members and employees to the UECU family. Joining together, we will work to ensure a smooth transition, and our focus will continue to be on providing exceptional service and offering financial products that cater to our members' lifestyle needs,” said Bret Krevolin, President/CEO of UECU.

"We are thrilled our members have embraced this opportunity to join forces with UECU," said Mark Filbert, President/CEO of NE PA Credit Union. "This partnership will not only preserve the community-first values that our members have come to expect but will also enable us to offer enhanced services and resources to better serve their financial needs now and into the future."

As of the date of the legal merger, Mr. Krevolin will remain the President/CEO of the combined organization, and Mr. Filbert will provide consulting services during the transition.

All members will continue to enjoy access to their accounts during the transition period. In the months leading up to the integration of the credit unions’ core banking systems, NE PA members will receive a guide outlining their account changes and new UECU membership benefits.

More information, including FAQs regarding the merger, can be found on both UECU and NE PA’s websites (www.uecu.org and www.nepafcu.org) and other applicable communication channels.

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