Sunmark FCU announced that it has acquired Delmar Owens Corning Fiberglass FCU through a merger.
With $686,000 in assets, Delmar Owens Corning Fiberglass FCU was founded in 1976 to serve the employees of the Delmar Owens Corning company, which manufactured insulation, roofing and composite products. The credit union had 127 members.
The merger with Sunmark, which was approved by Delmar OCF members on Dec. 1, will allow Sunmark to provide expanded financial services to the entire Delmar OCF membership. The branch will be listed in the Sunmark portfolio as the Sunmark Owens Corning Branch and will be accessible to Owens Corning employees only.
“The former Delmar OCF members will benefit from this merger by having access to more financial products and services and conveniences with 10 branch locations, shared branching, online banking, mobile banking and access to over 50,000 ATMs nationally,” said Sunmark President/CEO Frank DeGraw, a member of the New York Credit Union Association’s board of directors.
Since 1937, Sunmark FCU has served members of the Capital Region. Currently, the credit union has $652 million in assets and serves 57,200 members.
“We firmly believe in the credit union mantra of ‘people helping people,’” said DeGraw. “The merger with OCF FCU is a strong indication that the members of the credit union recognize the value that Sunmark will bring to them with our broad array of products, services and enhanced member experiences.”