Campus Federal Credit Union announced today that its proposed merger with ALEC Federal Credit Union (ALEC FCU) has been officially approved by ALEC FCU members. With this approval, the two credit unions will become one legal entity effective July 1, 2025, operating under the Campus Federal Credit Union name.
Campus Federal currently serves more than 43,000 members, manages over $893.9 million in assets, and operates 11 locations across Louisiana. With the addition of ALEC FCU, the combined credit union will grow to nearly 44,000 members and over $900 million in total assets.
“We are thrilled to announce that ALEC FCU members have overwhelmingly approved the merger, bringing us one step closer to expanding opportunities and delivering even greater value to our members,” said Jane Verret, President and CEO of Campus Federal Credit Union. “This partnership strengthens our ability to provide the personal service our members expect, while offering broader access, enhanced convenience and expanded financial resources across the state.”
Member Benefits and Transition Highlights:
- No Disruption of Services: ALEC FCU members will continue using their current accounts, services and digital platforms during the brief transition period.
- Branch Transition: ALEC FCU’s current branch operations will move to Campus Federal’s Siegen Branch, Mortgage & Business Center, just 1.3 miles away, offering extended drive-thru hours with Campus Connect ITMs and other modern banking technologies.
- Expanded Access: Members will gain access to 11 Campus Federal locations statewide, the CO-OP shared branching network (5,000+ locations nationwide) and the Allpoint ATM network (55,000+ ATMs worldwide).
- Job Security: All ALEC FCU employees will be retained, ensuring continuity and preserving valued relationships.
This merger reflects a shared commitment to member service, financial strength and community impact.
Photo Caption: ALEC FCU Board Members and Campus Federal Credit Union Executive Team Members