Curated News
By: NewsRamp Editorial Staff
September 04, 2025
APGFCU Acquires Members First Credit Union in Major Maryland Expansion
TLDR
- APGFCU's acquisition of Members First expands its branch network to Dundalk and Perry Hall, providing competitive advantages through broader service access and enhanced financial offerings.
- The acquisition process ensures seamless integration with no immediate account changes, gradually transitioning Members First members to APGFCU's full suite of products and digital platforms.
- This merger preserves financial services for Members First members while strengthening community support and building lasting financial well-being through cooperative values.
- APGFCU gains two new locations and 2,400 members in this strategic expansion, blending two credit unions with shared member-first philosophies since 1938 and 1969.
Impact - Why it Matters
This acquisition matters because credit union consolidations directly impact local communities' access to financial services. When smaller credit unions like Members First join larger institutions like APGFCU, members typically gain access to enhanced digital banking platforms, more competitive rates, and expanded branch networks. For the 2,400 Members First members, this means maintaining their trusted financial relationships while gaining the benefits of a $2.4 billion institution. Community-focused financial institutions play a vital role in local economic development, and this consolidation strengthens APGFCU's ability to serve the Baltimore region with personalized service while offering the technological capabilities and financial products that modern consumers expect.
Summary
APG Federal Credit Union (APGFCU), a prominent financial cooperative serving Baltimore City, Baltimore, Harford, and Cecil counties, has announced its strategic acquisition of Members First of Maryland Federal Credit Union, effective August 29, 2025. This significant move represents both a strategic expansion for APGFCU and a mission-driven effort to preserve financial services for Members First's loyal member base. The acquisition will bring APGFCU new locations in Dundalk and Perry Hall, significantly deepening its commitment to serving the Baltimore County region and expanding its physical footprint.
Becky Smith, President and CEO of APGFCU, expressed honor in welcoming Members First members and employees into the APGFCU family, emphasizing that this union represents more than just a business transaction—it's a blending of shared values and a commitment to putting people first. Jerry Ernest, Chairman of the Board of Members First, highlighted that APGFCU shares their member-first philosophy and deep community roots, making this a positive step forward that preserves their legacy while enhancing member offerings. The acquisition ensures uninterrupted service for Members First members while providing access to APGFCU's full suite of benefits, including competitive loan rates, robust financial education tools, and a broader branch and ATM network.
Members of Members First can expect no immediate changes to current accounts or services, but will gain expanded access to APGFCU's comprehensive product offerings, including low-rate loans, high-yield savings, no-fee checking, and enhanced digital banking platforms. Both organizations remain committed to personalized service and community involvement, with APGFCU working closely with Members First leadership to ensure a seamless transition. This union of two mission-driven credit unions strengthens their collective ability to provide exceptional service, expand access, and build lasting financial well-being for their combined membership base.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, APGFCU Acquires Members First Credit Union in Major Maryland Expansion
