In Johnstown, Pa., JSTC Employees FCU is merging into Ussco Johnstown FCU, The (Johnstown) Tribune-Democrat reported.
The merger is subject to regulatory approvals and membership votes and is anticipated to close by mid-2018.
Ussco Johnstown FCU CEO Todd Cover will keep his post as CEO of the combined organization, which is expected to have assets of more than $126 million, member deposits of $112 million, loans of $66 million and a total net worth of more than $13 million.
SNL data shows that as of Sept. 30, Ussco Johnstown FCU had assets of $101.7 million, while JSTC Employees FCU had $22.9 million in assets.
