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Banking & Finance

Sumter credit union members vote in favor of merger

Banking & Finance
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Members of Sumter City Credit Union have voted to approve a merger with SAFE Federal Credit Union.

The majority vote during a special meeting Monday night comes after the announcement of an official merger agreement of the $3 million Sumter credit union with the $1.5 billion SAFE credit union last October. 

“We’re excited to welcome our neighbors at Sumter City Credit Union to the SAFE family,” Michael Baker, SAFE president and CEO, said in a news release. “We’re honored they’ve voted to combine our organizations and look forward to showing them all the benefits SAFE membership has to offer.”

SCCU members will have access to SAFE’s 17 branches throughout the Midlands as well as more than 5,000 branches and 30,000 ATM locations nationwide. 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 Feb. 1, according to the release.

 

Reach Melinda Waldrop at 803-726-7542.

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