A pair of credit unions focused on the Ukrainian-American community are planning to merge.
The $1.4 billion-asset Self Reliance New York Federal Credit Union and the $535 million-asset Ukrainian Selfreliance Federal Credit Union in Feasterville Trevose, Pa., said in a press release that they expect to complete their merger next year.
The combined credit union would have 11 branches in four states and serve roughly 31,000 members.
“Our missions have long been the same,” Bohdan Kurczak, Self Reliance’s president and CEO, said in the release. “Both of our boards believe the synergy that can come from partnering together as one credit union will maximize the value of the credit union to the Ukrainian-American community.”
Self Reliance will have the continuing charter. There will be regional centers in New York City and suburban Philadelphia.
Anatoli Murha, Ukrainian Selfreliance’s CEO, will succeed Kurczak when he retires as Self Reliance’s leader in 2025.