DALLAS, TX (September 3, 2024) |
Neighborhood Credit Union, a not-for-profit financial organization and the oldest credit union in the DFW metroplex, is merging RelyOn Credit Union into its operations. Effective September 1, RelyOn’s 8,000 members joined Neighborhood Credit Union’s 61,000 members. The merger is estimated to increase Neighborhood Credit Union’s assets to nearly $1.2 billion, and with the addition of RelyOn’s two branches in Forney and Kaufman, Neighborhood Credit Union now offers 17 banking locations throughout North Texas, including its recently opened Sherman branch.
“We are thrilled to welcome RelyOn Credit Union members and employees to the Neighborhood Credit Union family,” said Chet Kimmell, president and CEO, Neighborhood Credit Union. “Our decision to merge with RelyOn provides more opportunities for members to take control of their financial health with multiple savings and checking account options, the latest technology for conducting their banking and access to retirement and investment services.”
Since 1930, Neighborhood Credit Union has been promoting financial wellness, providing access to financial education, and raising the overall level of financial literacy to help consumers achieve their short- and long-term financial goals.
“Our board and executive team spent considerable time exploring what was best for our members and the future of our credit union,” said Albert Gomez, board chair, RelyOn Credit Union. “Merging with Neighborhood Credit Union was the right decision as the organization aligns well with our values and commitment to giving back to the communities and non-profits where members and employees live and work.”
RelyOn employees will be given opportunities and choices with Neighborhood Credit Union, and RelyOn’s two locations in Forney and Kaufman will remain open as part of the merger.