Staff report

7 17 Credit Union will welcome 6,500 new members in the spring when it merges with Geauga Credit Union.

In a news release issued Thursday, the Warren-based financial institution said it has received regulatory approval from the Ohio Division of Financial Institutions. It represents the largest merger in 7 17 history as it absorbs $108 million in assets from Geauga, which has branches in Burton and Middlefield.

The merger expands 7 17’s reach in Northeast Ohio to Geauga and Ashtabula counties.

With new branches planned to open in Streetsboro and Stow this spring, this gives members four new branches to use in greater Northeast Ohio — and marks a 33% increase in branches for 7 17.

“This is about more than growth. It’s about people,” 7 17 CEO John Demmler said. “While our reach is expanding, we’re keeping what matters most at the forefront: personal relationships, a member-first commitment and a focus on building a stronger community.”

The merged entity will operate under the 7 17 Credit Union name and is expected to serve over 130,000 members. Geauga Credit Union will officially merge with 7 17 on April 1, with operational integration scheduled for November. Geauga Credit Union serves 6,500 members.

Current Geauga members will have full access to a wider network of branches throughout Northeast Ohio and 40,000 fee-free ATM locations, mobile banking and a suite of financial services, including commercial lending and business banking services.

“We are excited for this next step. Members of Geauga Credit Union will now be part of one of the best and strongest credit unions in Ohio,” Geauga Board President Dan Burkholder said.