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Education Associations FCU Signs Letter of Intent with Educational Systems FCU

Mon, Aug 18, 2014

Education Associations Federal Credit Union (EA FCU), has signed a letter of intent to join Educational Systems Federal Credit Union.

“We are pleased to explore a merger with Educational Systems FCU, an education-based credit union which will preserve Education Associations FCU 60-year legacy of service primarily to the employees and their family members of the National Education Association," said Marilyn Hutton, Education Association FCU Board of Directors Chair. “Chartered in 1954, a historic year for education, EA FCU has a proud history of unique service. Today, we have found a partner who truly shares our values, vision and mission of serving the education community.”

“We welcome the members, volunteers and staff of Education Association FCU to our organization,” commented Chris Conway, Educational Systems FCU President/CEO. “With Education Associations FCU joining us, we are helping more members of the education community and are creating the premier financial services provider for the education community.”

For nearly 60 years, Educational Systems FCU has been serving the education community. With over $760 million in assets and 11 branches, the Credit Union serves nearly 90,000 members in seven school systems and three community colleges throughout Anne Arundel, Calvert, Charles, Montgomery, Prince George’s, St. Mary’s and Talbot counties.