Tallahassee, FL (January 2022) – The Board of Directors and Management of FLAG Credit Union announced today that the credit union’s membership has voted to merge with Bay Credit Union. Effective April 1, 2022, FLAG will be known as FLAG Credit Union, a division of Bay Credit Union.
The vote came to fruition after careful evaluation of the credit union’s long-term needs. According to FLAG CU’s Chairman of the Board, Thomas
James, “We recognized the values of Bay Credit Union were closely aligned with FLAG, and we know that by combining resources, we can both provide an elevated level of service to our members.”
“The financial industry has been evolving at an accelerated pace for decades,” said Mike Akers, CEO of Bay Credit Union. “But with friendly alliances like this merger, we can maintain our culture, as well as enhance the overall strength of both institutions.”
Once fully merged, FLAG CU members will enjoy access to 4 additional branch locations as well as expanded mortgage options, including First Time
Home Buyer, Mobile Home, USDA, FDA, and VA loans. Bay CU members will then also gain access to expanded phone service hours, an additional branch in Tallahassee, and ‘No Credit Check’ loan programs.
Akers went on to say, “As one entity, we will be better positioned to introduce additional technology and enhanced services for all members. We are very excited to welcome the FLAG employees, elected board members, and the entire membership to the Bay Credit Union family.”