Merger approval moves on to the next step for NCUA approval

Bellco Federal Credit Union announced today that its members voted to move forward with a merger with First Commonwealth Federal Credit Union. The combined company will operate under the First Commonwealth Federal Credit Union brand.

The alignment of the two organizations will enable the integration of best practices, leading to enhanced products and services and seamless support for all members. First Commonwealth Federal Credit Union is committed to ensuring a smooth transition for Bellco Federal Credit Union and its employees. Members can expect continued dedication to providing high-quality financial services while supporting the Berks County, Greater Lehigh Valley, and Warren County, NJ communities.

"The support from our members has been the driving force behind Bellco's success, and we want to express our heartfelt appreciation for their overwhelming approval of the merger with First Commonwealth. We look forward to the bright future that lies ahead for our united credit union family," said Bellco Federal Credit Union CEO Tom Gosling.

Donna LoStocco, First Commonwealth Federal Credit Union CEO and President, said, "We are honored to join forces with Bellco Federal Credit Union and are committed to providing a seamless transition for their members. We look forward to expanding our services in the Berks County community together."

The merger between Bellco Federal Credit Union and First Commonwealth Federal Credit Union is subject to regulatory approval by the National Credit Union Administration (NCUA), which is expected to be completed in the coming months.