Bank / Credit Union

First Commonwealth Credit Union to merge with Bellco Federal Credit Union

May 24, 2023

First Commonwealth Credit Union, based in Allentown, Pennsylvania, plans to merge with the Bellco Federal Credit Union, based in Wyomissing, Pennsylvania, pending approval from the National Credit Union Administration.

The two credit unions will operate under the name First Commonwealth Federal Credit Union, and have combined assets of more than $1.3 billion and more than 92,000 members, according to a press release.

Members will have access to services at 14 centers, a contact center and its network of ATMs and ITMs.

"As a member-owned community financial cooperative, our members are our top priority. By joining forces with First Commonwealth Federal Credit Union, our members will have access to additional products and services, and a growing network of financial centers and ATMs/ITMs across the Lehigh Valley, Warren County, NJ, and Berks County. Bellco's community impact will be amplified through First Commonwealth's 'We Thrive Foundation', Corporate Social Responsibility initiatives, and volunteerism," Tom Gosling, president and CEO, Bellco, said in the release. "These benefits are a win for our members and the communities we serve."

The merger is expected to be completed in the first half of 2024.