Landslide merger vote OLOLRFCU joins with CFCU
For Immediate Release
Baton Rouge, La. - In a special meeting held on February 23, 2012, the credit union members of OLOL Regional Federal Credit Union (OLOLRFCU) overwhelmingly approved the merger with Campus Federal. Postlethwaite and Netterville announced the results at the conclusion of the meeting that the members agreed enthusiastically with 95% of voting members approving the merger.
According to John Milazzo, CEO of Campus Federal - "Today marks a significant enhancement to an already strong relationship with Our Lady of the Lake, now building a partnership with everyone in the OLOL community will be our charge."
According to Ron Moreau, vice president of business development and community relations for Campus Federal, "more than 26% of the OLOLRFCU membership voted in the election and everyone we've talked with is extremely excited to become Campus Federal members. Our intent is to complete the merging of records and modifications to the existing branch by March 31st."
The additional branch in the Medical Center will mark Campus Federal's 8th branch in Louisiana and 5th in the Baton Rouge market. The combined credit unions will have assets in excess of $461 million.
About Campus Federal Credit Union
Campus Federal Credit Union is a progressive financial institution providing flexible, competitive financial and related products to meet member needs. Formed in 1934 by seven employees of Louisiana State University, Campus Federal is financially sound and has grown to over 39,000 memberships and operates seven (7) locations in Baton Rouge, New Orleans and Shreveport.