ProFed Federal Credit Union (ProFed) announced Saturday, October 1, 2022, that the merger with East Allen Federal Credit Union (EAFCU) has been completed after receiving the anticipated EAFCU member approval.
New Haven-based East Allen Credit Union members are now ProFed members and can bank online through ProFed’s Digital Banking app or at any of ProFed’s thirteen full-service locations. Members also have access to expanded hours through our video teller machines.
ProFed acquired one branch and gained over 1,600 members with the completed merger. The partnership grew ProFed’s total number of branches to thirteen, with almost 60,000 member-owners, more than 190 employees, and approximately $665 million in total assets.
“We are excited to welcome the members of East Allen Federal Credit Union to ProFed. Both financial institutions began as teacher-based credit unions so joining together is a natural fit. Education continues to be a priority at ProFed through services such as interactive financial tools on our website, and financial wellness programs designed specifically for our business partners. We look forward to servicing our members and supporting the New Haven community.” said Nina Baker, President/CEO of ProFed Credit Union.
ProFed has been serving members since 1933 and operates in thirteen branches throughout nine counties in northeast Indiana.