MIDDLEFIELD, Ohio – 717 Credit Union celebrated its merger with Geauga Credit Union on Wednesday with ribbon cuttings at both its Middlefield and Burton branches.
The merger went into effect Wednesday, uniting the credit unions and expanding 717’s reach in northeastern Ohio to Geauga and Ashtabula counties. Full operational integration will take place in November.
“This is about more than growth. It’s about people,” said John Demmler, 717 CEO. “While our reach is expanding, we’re keeping what matters most at the forefront: personal relationships, a member-first commitment and a focus on building a stronger community.”
Geauga Credit Union was founded in 1956 to serve Geauga school employees and has since expanded its membership to those who live or work in Geauga, Ashtabula, Portage and Trumbull counties. It served 6,500 members with two branches in Burton and Middlefield and had assets totaling over $108 million.
717 Credit Union has served northeastern Ohio for more than 68 years. 717 grew from a single branch serving the members of IUE Local 717 Packard Electric in Warren to the largest credit union in northeastern Ohio, with more than 130,000 members and 14 branches in Trumbull, Mahoning, Columbiana, Portage, Geauga and central Stark counties.
Pictured at top: A ribbon cutting was held Wednesday at the credit union’s Middlefield branch.