Avadian CU announces merger with EBSCO FCU

Avadian Credit Union and EBSCO Federal Credit Union, both headquartered in Birmingham, AL, announce plans to merge. The merger has been approved by each institution’s board of directors and voted on by the EBSCO FCU membership base. Avadian is expected to merge EBSCO FCU by the first quarter of 2018. “We are delighted to be […]

Avadian Credit Union and EBSCO Federal Credit Union, both headquartered in Birmingham, AL, announce plans to merge. The merger has been approved by each institution’s board of directors and voted on by the EBSCO FCU membership base. Avadian is expected to merge EBSCO FCU by the first quarter of 2018.
“We are delighted to be able to expand our services to both their current members and the employees of EBSCO Industries,” said Linda Cencula, president and CEO of Avadian Credit Union. “We admire EBSCO FCU’s commitment to doing what’s best for their members…it’s the same model we live by every day. Plus, they are a well-run credit union with experienced staff.”
“Avadian is in every way a great match for EBSCO and allows us to bring more resources, services, and competitive rates to the table for our members,” said Brian Wilson, chairman of the board for EBSCO Federal Credit Union, who will join Avadian’s Board of Directors after the merger is completed. “We are excited to join their team and look forward to partnering with them in making the transition as seamless as possible. I am certain this partnership will significantly benefit our members and EBSCO Industries as a whole.”
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The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

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