1-24-2025 4:23am

Local Credit Unions

Atlantic Financial FCU Members Approve Merger with Freedom FCU

Member Approval Allows Both Credit Unions to Begin Merger Integration Process

BEL AIR, MD and HUNT VALLEY, MD--Freedom Federal Credit Union and Atlantic Financial Federal Credit Union announced that at the conclusion of the member voting process on Tuesday, January 14, the members of Atlantic Financial FCU have overwhelmingly voted in favor of the merger with Freedom FCU.

An approval by Atlantic Financial FCU’s membership was necessary to move forward as their Credit Union was being merged into Freedom FCU (as the continuing Credit Union, Freedom FCU members did not need to vote on the merger proposal).

“This merger is not the end of Atlantic Financial FCU but the beginning of a new future together, providing more value to our members and those we serve”, stated Matt Piazza, President and CEO of Atlantic Financial FCU. “With this merger comes greater strength and a unique competitive advantage, by expanding services, access, locations, and technology”.

February 3, 2025, will mark the official completion of the merger’s legal process and the start of integrating data and systems.

“This important milestone sets the stage for a stronger, more resilient financial institution by combining our strengths, resources, expertise, and membership bases”, stated Mike MacPherson, President and CEO of Freedom FCU. “We will be more optimally positioned to meet the changing needs of those we serve while remaining true to our shared mission, core principles and values”.

During the integration phase of the merger, scheduled to be completed by the end of 2025, both Credit Unions will work diligently to align operations, systems, and staff, and ensure minimal disruption to members.

For more information, updates, and FAQs regarding the merger, please refer to the Freedom FCU website, or click Merger Updates.

About Freedom Federal Credit Union:

Freedom Federal Credit Union is a community-chartered federal credit union offering business banking services and consumer financial services to those who live, work, volunteer, worship, attend school, or have family in Baltimore City, Baltimore County, Carroll County, and Harford County. Freedom was founded in 1953 and currently has six locations throughout Harford and Baltimore Counties. To learn more, visit www.freedomfcu.org.

About Atlantic Financial Federal Credit Union:

Atlantic Financial Federal Credit Union is a community-chartered federal credit union offering consumer financial services to those who live, work, volunteer, worship, attend school, or have family in Carroll, Baltimore or Harford Counties or Baltimore City . Our purpose is simple – to serve and enrich our members’ lives. We make your financial well-being our personal priority. We believe in keeping banking simple, while delivering financial products and services that empower you to achieve your goals and long-term financial stability. We’re committed to delivering a banking experience that revolves around you. To learn more, visit www.affcu.org.