ENDWELL — Visions Federal Credit Union, a $3.2 billion credit union headquartered in New York’s Southern Tier, announced it has closed a merger with a smaller New Jersey–based education credit union, furthering Visions’ expansion in the Garden State.
Tri-Co Federal Credit Union (Tri-Co FCU), a $134 million credit union serving the employees of the Board of Education in Morris, Sussex, and Warren counties in New Jersey, their relatives, more than 300 business partners, and education-related groups, has been merged into Visions, effective Tuesday, July 1. The National Credit Union Administration approved the deal, according to a Visions news release.
Following the merger, Endwell–based Visions says it has 38 branch offices in parts of New Jersey, New York, and Pennsylvania, more than $3.3 billion in assets, and nearly 180,000 members. All four current Tri-Co FCU branches and all its ATM locations will remain open. Visions already had six Garden State branches before this latest deal.
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“I am excited to welcome the Tri-Co membership into Visions. Our highly competitive rates, additional services and products; along with the increased office and ATM locations will be beneficial to everyone — especially, our current [New Jersey] members,” Tyrone Muse, president & CEO of Visions, said in the release.
Tri-Co FCU was chartered in 1936 as Morris County Teachers Federal Credit Union and has served educators and their families in the tri-county area.
Contact Rombel at arombel@cnybj.com
