Champion Credit Union and Ecusta Credit Union Announce Merger
Champion Credit Union announced that Ecusta Credit Union, which has served Transylvania and Henderson counties since 1976, will formally merge into Champion Credit Union later this year, in a move a press release noted is aimed at enhancing financial services and member experience.
“This strategic move solidifies Champion Credit Union’s commitment to providing exceptional financial services and expanding its reach to better serve its members,” the release reads.
The decision to merge was reached after thorough consideration of the benefits it would bring to both credit unions and their valued members.
“Champion’s history as a ‘paper mill’ credit union closely aligns with Ecusta Credit Union’s own story,” the release reads. “Champion has been fortunate to grow substantially over the years. Their members’ experience is highly regarded, their financial stability is very solid, and they have a reputation of being an incredible employer, recently being recognized as a top thirty credit union to work for nationally by American Banker.”
The strategic move is set to leverage the strengths of Champion Credit Union to create what the release called “a more robust experience for members and long-term stability and growth, allowing Ecusta members to take advantage of competitive products and services that are necessary to meet their needs and allow them access to six additional branch locations across Western North Carolina.”
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Additional benefits of the merger include:
• Enhanced Member Services: Members of both Champion Credit Union and Ecusta Credit Union will benefit from a wider range of financial products and services, including competitive loan rates, expanded branch and ATM access, and digital banking solutions.
• Financial Strength: The merger reinforces Champion Credit Union’s financial stability and strength, ensuring that members can continue to rely on secure and trustworthy financial services.
• Community Commitment: Champion Credit Union is dedicated to impacting and supporting local communities through financial education, charitable giving and community involvement. Ecusta Credit Union is also very active in the community so, once united, the credit union can extend its commitment to even more areas.
Jake Robinson, president and CEO of Champion Credit Union, expressed his enthusiasm regarding Ecusta’s merger into Champion Credit Union.
“We are excited to welcome the members and employees of Ecusta to our Champion Credit Union family,” he said. “This merger reinforces our dedication and our commitment to our members, the community, and to our employees, both old and new, that we are here to make their lives better today than they were yesterday; that we are here to help them experience more.”
Ecusta Board Chair Martha McCrary shared her thoughts as well.
“We believe that this merger is a win-win for our members and employees,” she said. “Champion Credit Union shares our dedication to member service, community involvement and the well-being of our employees, making them an ideal partner for our credit union.”
The release states that both credit unions are dedicated to maintaining the highest standards of service and member satisfaction throughout the merger and beyond.
“The merger of Ecusta Credit Union into Champion Credit Union will be carried out diligently and efficiently to minimize any disruption to members,” the release reads. “The leadership teams will ensure that members are informed of all developments and changes throughout the transition. Existing Ecusta Credit Union members will receive detailed communication outlining the transition process in the coming months.”
