Del-One FCU and Louviers merger proposal approved for vote
The National Credit Union Administration has approved a merger application between Del-One and Louviers federal credit unions.
The boards of directors and executive teams of both organizations recognize the benefit of creating a larger institution that shares a strong commitment to members, employees and the community. Together, the credit unions will be able to provide more locations, and better products and services for members, as well as competitive benefits and enhanced growth opportunities for employees.
Dan McCarthy, president and CEO of Del-One FCU, and Chris Davis, president and CEO of Louviers FCU, have prioritized transparency by consistently sharing updates about the merger with the employees of both credit unions.
“Like Louviers, Del-One does not just serve Delaware; it is of Delaware and is committed to the long-term financial fitness of our community,” said McCarthy. “We could not be more excited by the possibilities ahead and believe this merger could bring incredible growth, innovation, and shared success for our teammates, members and community.”
Current members of Louviers Federal Credit Union will now vote on the proposed merger. Upon an affirmative vote, the merger would proceed to closing this fall.
