Justice Federal Credit Union, (Justice Federal) and Law Enforcement and Technology Federal Credit Union (LE&T FCU) are excited to announce their intent to merge contingent upon member vote. Once approved, Justice Federal would serve more than 68,000 members, with twenty branches across the nation, and over $1B in assets.
Mark Robnett, President/CEO Justice Federal stated, “When we first spoke with James Angleton, President/CEO LE&T FCU, we shared our visions for our respective credit unions, and realizing the synergies, it was a natural extension for our two credit unions to unite as one and form a partnership.” LE&T FCU provides us with an added presence in Miami to help new and prospective members and their families achieve financial wellness,” said Robnett. Justice Federal currently has a branch within the FBI Miami Division Headquarters in Miramar, Florida.
James Angleton, Jr., President/CEO LE&T FCU agrees, “by combining forces with Justice Federal, LE&T FCU members will benefit from additional financial resources, human capital, and an expanded national platform for existing and potential members.” Angleton adds, “given the demands of increased regulation and technology investments these additional resources will ultimately result in greater economies of scale which is a good thing.”
Both credit unions have a long history of serving the justice and law enforcement community. Justice Federal was founded in 1935, and LE&T FCU in 1936, during the Great Depression era, when their Founders pooled their financial resources to provide small loans to members in need. Today, with over 177 years of service collectively, they continue to uphold the credit union philosophy of “People Helping People” by providing financial products and services to members in need.
As member-owned cooperatives, and under the guidelines of the National Credit Union Administration, a successful merger is contingent upon a member vote. Once approved, LE&T FCU’s members, employees, and branch will become part of Justice Federal.
As the merger process moves forward, both credit unions will provide information to their respective memberships via the Justice Federal website at jfcu.org, as well as other relevant communication channels.