Tower Federal Credit Union Announces Pending Merger with U.S. Coast Guard Community Credit Union

Laurel, MD—Tower Federal Credit Union announced today its pending merger with U.S. Coast Guard Community Credit Union (USCGCCU). USCGCCU members voted at a special meeting Feb. 28 to approve the merger, following a vote to approve conversion of USCGCCU from a geography-based community membership to a multiple common bond membership. The expected merger date is June 30, 2013. 

“This partnership will provide greater access to financial services and products for USCGCCU members and, in turn, will increase Tower’s membership base and branch locations,” says Martin Breland, Tower’s President & CEO. “We look forward to the members of a neighboring credit union joining Tower’s family. It’s a win for all of us.”

Tower plans to maintain USCGCCU’s two existing branch offices, located in Curtis Bay in Baltimore City, Md. and the Pine Grove Village Shopping Center in Pasadena, Md., following regulatory approval of the merger. Tower currently has 16 branches spanning four Maryland counties. 

Read full article here from Tower Federal Credit Union