Spartan Federal Credit Union in Spartanburg, S.C., has merged into South Carolina Federal Credit Union.
The merger was approved by members in January, the $1.9 billion-asset South Carolina FCU said on Thursday.
The $18 million-asset Spartan Federal will now operate under the South Carolina FCU name. Spartan FCU employees will continue working at the Spartanburg location.
"We are thrilled to welcome Spartan Federal Credit Union members to the South Carolina Federal family," Scott Woods, president and CEO of the credit union, said in a statement. "We are committed to investing in the communities we serve and look forward to Doing More Together in the Spartanburg area."
Through the merger, members will now enjoy additional services including free mobile banking, toll-free contact center services and increased access to a surcharge-free ATM network. The North Charleston, S.C.-based
South Carolina Federal now has 21 financial centers. The credit union converted its charter from a community charter to a multiple common bond charter in October 2016 to continue expansion efforts.
Isaaileen Rankin, the former CEO of Spartan Federal Credit Union, transitioned into the role of city executive director for South Carolina Federal.
The former Spartan FCU earned $254, 346, according to its December 2018 call report. That's a 55.8% increase from December 2017.
