Credit union expands to Bangor area
FORT KENT and BANGOR/BREWER, Maine — A merger between Eastern Maine Medical Center Federal Credit Union and Acadia Federal Credit Union was successfully completed Nov. 1. The combined financial institution will continue operating as Acadia FCU.
The National Credit Union Administration (NCUA) and the voting majority of EMMC FCU members approved the merger. After months of planning, operational integration was completed on the morning of Nov. 1 and Acadia FCU officially began their first day of business serving the greater Bangor area.
David Desjardins, president/CEO of Acadia FCU since 2004, will continue to lead the financial institution.
“We are so pleased that the EMMC FCU members will be joining us as part of the Acadia FCU family,” said Desjardins. “We look forward to expanding products and services to the current membership, as well as serving all people from Penobscot, Hancock, Piscataquis, Washington and Aroostook counties. We can’t wait to meet you.”
During the merger application process, Acadia FCU applied for and was granted an expanded field of membership. They will now serve not only employees of Eastern Maine Healthcare Systems and their affiliates, but also any business or legal entity and any person who lives, works, worships or attends school in northern and eastern Maine, including Aroostook, Piscataquis, Penobscot, Hancock and Washington counties.
The merger will result in additional products and services Desjardin said, and the same commitment to service and family values.
“This merger is a fantastic development that guarantees continued superior service to all former EMMC FCU members for many years to come,” said Jim Pelletier, former CEO of EMMC FCU. Pelletier will continue as Acadia FCU’s director of business development.
Three members of EMMC FCU’s board of directors and one supervisory committee member were appointed to Acadia’s existing board and committee. All EMMC FCU staff were retained as employees of Acadia FCU.
Merger plans were announced in February 2017, regulatory approval by NCUA was received in September, and the voting majority of EMMC FCU members approved the merger that same month.
Following the merger, Acadia FCU now has eight branches, nearly 15,000 members, and over $208 million in assets.