Merger with First Commonwealth FCU updates

Dear Valued Member,

We’re pleased to announce that both our Board of Directors and members have voted in support of forming a strategic partnership with First Commonwealth Federal Credit through a merger in a special meeting held on February 7, 2022. Effective April 1, 2022 Baker Federal Credit Union and First Commonwealth Federal Credit Union will officially join forces, with Baker Federal Credit Union becoming part of First Commonwealth Federal Credit Union by August 1, 2022. In the interim, we will be known as “Baker FCU, a division of First Commonwealth FCU.” This interim period is necessary after we finalize the legal merger and when we will be converting member accounts.

This merger joins two strong institutions partnering for the right reasons – to do more good for more people. First Commonwealth is the largest credit union in the Greater Lehigh Valley and a leader in inclusive banking. The merged credit union will offer an enhanced experience by bringing together best practices of both credit unions, including optimizing and expanding member convenience through the latest in digital banking, contact center, financial center, and ITM technology, as well as diversification of consumer and business product and service offerings.

What does this mean for Baker FCU members?

Baker members will continue to be served by the same great people and be provided with the exceptional service that both credit unions are known for. Even though the merger will be legally effective as of April 1st, we anticipate all Baker FCU accounts to transition to First Commonwealth FCU by August 1, 2022 at which point the credit unions will continue doing business as First Commonwealth Federal Credit Union, with total assets of more than $1 Billion and 74,000+ members.

To ensure a smooth transition, you can count on us to provide regular and detailed communication with you as we approach the conversion date. For the most up-to-date information and list of FAQ’s, please visit firstcomcu.org/baker.

On behalf of the Board of Directors and Baker FCU Staff, we THANK YOU for entrusting us with your financial needs and are confident that First Commonwealth FCU will serve as a beloved and trusted financial partner, striving to empower you on your pursuit of financial happiness.

Sincerely Yours,

Susan A. Rodriguez, CEO
David T. Hlavinka, Board Chair