PORTSMOUTH (June 14, 2011) – Seacoast Credit Union members voted in favor of merging into Service Credit Union at a special meeting held in June.
The merger also met regulatory approval from the New Hampshire Banking Department and the National Credit Union Administration (NCUA). Seacoast Credit Union of Hampton and Exeter announced its intent to pursue a merger with Service Credit Union earlier this year after determining that Service shared the same member service philosophy as Seacoast, offered more financial products that their members sought, had more locations and longer hours of service and, from a safety and soundness position, was financially strong.
The Seacoast Credit Union Board of Directors expressed confidence that Service Credit Union’s more than 50 years of exceptional member-oriented service, up-to-date technology, competitive rates and lower fees will benefit its members.
“We would like to thank our members for their loyalty and allowing us to serve them,” says Joanne Nadeau, President/CEO of Seacoast Credit Union who will be a member of the senior leadership team at Service Credit Union. “Keep in mind, you will continue to enjoy the same member-focused service by the staff that serves you today.”
Like Seacoast Credit Union, Service Credit Union features a rich history of serving members in the local communities where they live and work. Service Credit Union opened its doors in 1957 to provide affordable credit to military members at Pease Air Force Base in New Hampshire. Today, it has expanded into 7-day banking in Walmart locations, remote servicing through free online and mobile phone banking, remote deposit, mobile phone apps, personal finance management online program and other access and convenience services within communities in New Hampshire and around the world. Service Credit Union still remains focused on exceeding member expectations.
Seacoast Credit Union members will enjoy expanded services and enhanced products such as getting paid up to two days early, instantly issued Visa credit and debit card at any branch, instant decisions on loans and fully-automated online mortgage decisions, free I.D. theft protection and free 24/7 Live Person Service by phone, online chat or secure email.
“Our track record for over 50 years embodies Service Credit Union’s commitment to offer all of our members exceptional products and enhanced services for their individual financial needs,” says Gordon Simmons, President/CEO of Service Credit Union.”Our organization is dedicated solely to satisfying our members’ financial requirements and we look forward to welcoming our new members from Seacoast Credit Union.”
Service Credit Union strives to be a leader in corporate citizenship, supporting non-profit and educational programs in the communities which are served by the credit union and will continue this long-standing tradition in Hampton and Exeter and its surrounding communities. Service Credit Union is already investing significantly in the area by supporting the Walk by the Sea against Brain Injury, the Wish Trees for Seacoast Firefighters, Child and Family Services of Exeter, and the Miss Molly Fund in Hampton for families battling severe illnesses.
Service Credit Union is a full service financial institution, offering a wide range of financial products to its members. With 35 branch locations including two staffed 24/7 contact centers, and full internet banking services, Service Credit Union serves anyone who lives or works in New Hampshire (excluding Coos County), 4 towns in Cape Cod, MA., and all branches of the U.S. Military and Department of Defense employees and their families. With over $1.8 billion in assets, Service Credit Union has 18 branches in New Hampshire, one in Massachusetts, and 16 branches on U.S. military bases in Germany.
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