Seven Seventeen merges with Credit Union One
WARREN — Seven Seventeen Credit Union has finalized its merger with Credit Union One, bank leaders announced.
The merger, announced to credit union members in April, was completed Sunday, according to a news release from Seven Seventeen’s board of directors and management.
“Employees of both credit unions have been working together for months to make this transition as seamless as possible for members,” said Gary Soukenik, Seven Seventeen’s president / CEO.
Credit Union One, after more than 50 years in operation, reached out to Seven Seventeen, based in Warren, after the North Jackson-based financial institution’s board of directors and management agreed to seek a partner with which to merge, the news release states. The 2,600 members of Credit Union One have been added to the more than 76,000 Seven Seventeen members, company leaders said.
Also, Credit Union One’s assets of $12.5 million were added to Seven Seventeen’s $950 million. Seven Seventeen is the largest credit union in northeast Ohio and now has 12 branches with the addition of the North Jackson branch, according to the news release.