Special to the Journal
Federal & State Inspector’s Federal Credit Union (FSIFCU) and Albany Federal Employees’ Credit Union (AFECU) will become a single credit union effective May 1, 2010. FSIFCU members voted their approval of this merger at a special meeting on March 20, 2010.
“We are pleased to welcome the members of Federal & State Inspectors Federal Credit Union into our family and we look forward to working with them through the consolidation process,” said Connie Mancuso, President and CEO of AFECU. “The combined strengths of the two credit unions will provide even greater benefits to all our members”
The merger creates a credit union with more than $40 million in assets and over 6,000 members. Albany Federal will retain all of Federal & State Inspectors’ employees. All FSIFCU accounts will become AFECU accounts. The current FSIFCU location will be closed as of Friday, April 30. Members will have access to AFECU’s three Albany locations: 1115 N. Westover Boulevard, 217 Johnson Road & 1110 Centennial Avenue.
Federal & State Inspectors Credit Union was founded in 1954. Their field of membership is composed of the citizens of the Continental United States of America who are employees of an Inspection Service or a Federal and/or State Agriculture Agency and their families both by blood or marriage.
Albany Federal Employees’ Credit Union opened its doors in 1934. Its original field of membership included federal employees and their families in the Dougherty County area.
Federal employees from 30 Southwest and south central Georgia counties are now eligible for membership. In 2008, by way of a residential charter all citizens of Dougherty County are also eligible to join. Check Albany Federal’s website, www.myafecu.com, for a complete list of those eligible for membership.
“We anticipate a smooth transition,” said Mancuso. “Federal & State Inspectors has a wonderful, loyal membership base and operates with a similar philosophy and value structure to our own. We are excited about the opportunities that lie ahead.”