Potential Growth Opportunity for GHS FCU
Our mission at GHS Federal Credit Union is to provide great products and services to our members, while growing and becoming more accessible to those in need of a community-based financial institution.
The financial service industry has become very complex, and with increasing compliance and regulatory requirements, it has become harder for smaller credit unions to meet technology,
regulatory, and state requirements. GHS Federal Credit Union has the opportunity to help another community-based credit union, Norwich Telops Federal Credit Union and its members, through a credit union merger.
Norwich Telops FCU is a federally chartered credit union, based in Norwich, New York, serving members who are employed or related to someone employed with Frontier and Verizon. Due to the compliance and regulatory burdens that Norwich Telops FCU faces, its Board and management team believe that it is in the best interest of their members to merge into a larger credit union. Their goal in choosing GHS Federal Credit Union is to provide the same high service standard that their members currently receive, while benefiting from a great menu of financial products and services. Approval from a Norwich Telops FCU member vote, set to be held on October 8th, will finalize the agreement to merge Norwich Telops Federal Credit Union into GHS FCU, and by December 31, 2022, their 1200+ members will join our great credit union.
Our current GHS FCU members will not experience any changes – we are simply welcoming more valued community members to our membership.
We invite you to sign up for emails for the most up to date information on the merger. If you have any
questions, please contact us at 800-732-4447.