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Financial Plus and Monroe Community CU: Creating more possibilities
Financial Plus Credit Union and Monroe Community Credit Union are excited to announce plans to come together through a proposed merger.
Built on shared values and a commitment to putting people and communities first, this partnership creates an opportunity to build an even stronger credit union while continuing to Be Local and create more possibilities for the members and communities we serve.
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How members benefit:
- More branch access and convenience
- Expanded products and services
- Continued investment in digital banking technology
- Greater lending capacity
- Enhanced resources for community involvement
- A stronger financial foundation for future growth
What to expect?
- Your accounts, cards and services will continue working as they do today.
- All branch locations will stay open
- 100% of employees will be retained
Learn more about what’s ahead by viewing our FAQs and press release
More Access
More convenient locations and ways to bank.
More Possibilities
More products and services to support your goals.
More Digital Options
Continued investment in your digital banking experience.
More Impact
Together, we'll have more ways to support our communities.
Financial Plus Credit Union and Monroe Community Credit Union have agreed to pursue a merger that would bring our two organizations together to create a stronger credit union for our members, employees, and communities. The merger is subject to regulatory approval and a vote of Monroe Community Credit Union members.
We believe this partnership creates even greater opportunities for our members, employees, and communities. Both credit unions share a commitment to putting people first, supporting our communities, and helping members achieve financial success. By combining our strengths, we'll be able to invest more in technology, convenience, products, services, and community impact while continuing to deliver the personal service our members expect.
How will members benefit?
Members will gain the benefits of a larger, stronger credit union, including:
- More branch access and convenience
- Expanded products and services
- Continued investment in digital banking technology
- Greater lending capacity
- Enhanced resources for community involvement
- A stronger financial foundation for future growth
The merger can move forward after receiving regulatory approval and approval from Monroe Community Credit Union members. Additional information and key dates will be shared throughout the process.
No. Financial Plus members will continue banking as they do today, with no disruption to accounts, services, or access.
Following the merger, Financial Plus Credit Union will be the name of the combined organization. Together, we're building on the strengths of both credit unions while preserving the people-first values, community commitment, and local relationships members have come to trust. Our focus is on creating even more opportunities for members while honoring the legacy each organization brings to this partnership.
Yes. We are committed to retaining 100% of employees from both organizations. Our employees are one of our greatest strengths, and this partnership creates new opportunities for growth, development, and career advancement within the combined credit union.
Yes. The merger is designed to expand member access and convenience. Members will benefit from a broader branch network of 20 locations while continuing to receive local, personal service.
Absolutely. Supporting our communities is central to who we are. Together, we'll have even greater resources to invest in local partnerships, financial education, charitable giving, and community development initiatives.
Yes. Your deposits will remain federally insured by the NCUA, just as they are today.
Yes. The combined organization will include representation from both credit unions to help ensure continuity, strong governance, and a continued focus on serving members' best interests.
No. There will be no disruption to existing membership eligibility.
Will the combined credit union be financially strong?
Yes. The combined organization will have over $2 billion in assets, a strong capital position, and the resources needed to continue investing in members, employees, technology, and our communities.
Is either credit union experiencing financial challenges?
No. Both Financial Plus and Monroe Community Credit Union are financially strong and well-capitalized organizations. This merger is about growth and opportunity, not necessity.
Do both Boards support the merger?
Yes. Both Boards support the merger and believe it will create meaningful long-term benefits for members, employees, and the communities we serve.