SUMTER, South Carolina, January 12, 2022– Members of Sumter City Credit Union voted to approve the merger with SAFE Federal Credit Union during a special membership meeting.
A majority vote to combine the $3 million Sumter City Credit Union with the $1.5 billion SAFE Federal Credit Union comes after an official agreement to merge was announced in October of last year.
“We’re excited to welcome our neighbors at Sumter City Credit Union to the SAFE family,” said President and CEO, Michael Baker. “We’re honored they’ve voted to combine our organizations and look forward to showing them all the benefits SAFE membership has to offer.”
Through the merger, SCCU members will gain access to SAFE’s 17 branches throughout the South Carolina Midlands as well as more than 5,000 shared branches and 30,000 ATM locations nationwide through the CO-OP Shared Branch NetworkSM. Members also will have access to all of SAFE’s product and services including its online banking and mobile app.
SCCU’s Liberty Street branch in Sumter will join SAFE’s branch network once the merger formally closes on February 1.
About SAFE Federal Credit Union
SAFE Federal Credit Union, founded in 1955, is the one of the largest financial institutions based in South Carolina with over $1.5 billion in assets, 126,000+ members, and 17 branches. Membership is open to anyone who lives, works, worships, or goes to school in Sumter, Lee, Kershaw, Clarendon, and Florence counties, as well as parts of Richland, and Lexington counties. Membership is also open to employees of more than 500 companies located throughout the Midlands and relatives of those eligible to join. Connect with us at www.SAFEfed.org, on Facebook.com/SAFEfederalcreditunion or @SAFEFCU.
SCBIZtv is part of the SC Biz News family, serving 100,000 high-level business execs throughout South Carolina. Click for more from SCBIZtv.