
FD Community FCU Completes Acquisition
Connecticut has now seen three credit union mergers this year, with the most recent deal bringing together Greater Watertown Federal Credit Union and Waterbury-based FD Community Federal Credit Union.
Connecticut has now seen three credit union mergers this year, with the most recent deal bringing together Greater Watertown Federal Credit Union and Waterbury-based FD Community Federal Credit Union.
Greater Watertown Federal Credit Union members have approved its merger with Waterbury-based FD Community Federal Credit Union, and the institutions plan to complete the merger on Aug. 1, according to a statement on Greater Watertown FCU’s website.
Another small Connecticut credit union plans to merge into a larger organization, as technology and an aging membership continue to challenge the industry.