Two more Connecticut credit unions plan to merge, as Stratford-based Sikorsky Credit Union looks to acquire a small municipal institution.
Sikorsky Credit Union, a state-chartered credit union, has filed an application with the Connecticut Department of Banking to acquire Bridgeport City Employees Federal Credit Union. The credit unions expect to complete the merger on March 31, according to the Department of Banking’s weekly report.
One of the state’s largest credit unions, Sikorsky Credit Union’s field of membership includes anyone who lives, works, worships or volunteers in Fairfield, New Haven and Hartford counties. The credit union has nine branches, including two at Sikorsky Aircraft locations in Bridgeport and Stratford. Sikorsky Credit Union has $1.1 billion in assets and more than 57,000 members, according to National Credit Union Administration data.
Bridgeport City Employees Federal Credit Union has $32 million in assets and about 3,800 members. The credit union does not have a website, according to a recent NCUA filing.
Connecticut has seen several credit union mergers this year, including Sound Federal Credit Union’s recent acquisition of Tri-Town Teachers Federal Credit Union and planned merger with Merritt Federal Credit Union, which has a member vote on the deal scheduled for next week.





