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ArrowPointe Federal Credit Union Announces Merger with 1st Patriot Federal Credit Union

York County, South Carolina Members and Community Will Benefit with Enhanced Products & Services

ROCK HILL, SC (April 1, 2013) – ArrowPointe Federal Credit Union ($112 million assets) headquartered in Catawba, S.C., announced a collaboration with the 3,000-strong membership of 1st Patriot Federal Credit Union, Rock Hill, S.C., ($29.1 million assets). Effective April, 1, 2013, the two credit unions will unite, highlighting the spirit of mutual support and a new vision for growth designed to immediately benefit both memberships. The freshly combined credit union will deliver additional services with enhanced products, services, and conveniences, while maintaining their reputation for high-levels of personal service and transaction processing speed.

“We are very pleased to add the two 1st Patriots FCU locations to our five existing branches and we look forward to offering members access to a combined total of 12 ATM locations in York and Lancaster Counties,” said Tim Lyda, ArrowPointe FCU President and CEO. “We pride ourselves in personalized service; knowing our members by name. I really look forward to getting to know 1st Patriots’ members, on the same first-name basis.”

“Combining resources affords members the opportunity to enjoy many new products and services as well as enhanced mobile features and in-branch technology to further enhance their banking experience. Recently added is a new apply-by-phone loan application to provide our enlarged membership a new level of service and convenience and the mobile app will be available next month. Those are just the start of improvements we foresee. Our community is comprised of many active, hard-working and busy members. They absolutely need and deserve these additional state-of-the art credit union products and services,” Lyda explained.

  •  Option to Change a Pin Number at an ATM
  • Lower Credit Card Rates
  • Credit Card Rewards Program
  • Extended hours of operation
  • Loyalty Discounts
  • More ATM Locations
  • Scholarships
  • Student Loans
  • Land Loans

Immediately after the account conversion, the following options and benefits previously unavailable at 1stPatriots FCU will go on-stream at their branch offices:

Diane Catoe, President/CEO of 1st Patriots FCU expressed how thrilled she is with the overwhelming support for this partnership as demonstrated during the member vote. “The future looks very bright due to this merger. I believe our members will be delighted with this partnership move to ArrowPointe,” said Catoe. “Together we’re truly better. So, we will happily and proudly continue our long history of service, by providing our membership with the extensive array of cutting-edge, essential financial products and services ArrowPointe brings to the table. ArrowPointe’s employees already understand our unique membership, through their own service to the federal community, since 1960; more than 50 years. 1st Patriots actually opened 6 years earlier, in 1954, and we bring a world of financial experience to this new family, along with a great track record for personal service and very quick transaction turnaround times. The mutual sharing of knowledge and expertise is simply a much smarter way to proceed, because two heads are better than one.”

“On behalf of our board of directors and employees, we thank members from both credit unions for their ongoing patience and support during this process. We are now better positioned to ensure 1st Patriots FCU continues to serve members as their loyal, devoted, community-based financial institution. Everyone is super excited to welcome 1st Patriot Federal Credit Union members into the ArrowPointe family,” added Catoe.