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May 11, 2004


American Heritage Federal Credit Union Merges With Philadelphia—South Jersey/U.N.I.T.E Credit Union

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Philadelphia, PA— Effective May 1, 2004, Philadelphia-South Jersey/U.N.I.T.E FCU has merged into American Heritage FCU. The merger adds over 320 new members to the American Heritage family of membership, as well as over $930,000 in total assets.

The Philadelphia-South Jersey/U.N.I.T.E Credit Union was based on Chestnut Street in Philadelphia and represented various companies throughout Philadelphia, suburban Pennsylvania and New Jersey. Members can now conduct business at American Heritage locations, including offices at Chestnut, Market, and Arch Streets.

American Heritage Federal Credit Union, a $410 million financial institution headquartered in Northeast Philadelphia, now has 14 branches serving over 71,000 members and over 600 sponsor companies in Bucks and Montgomery Counties and Philadelphia.



World Council of Credit Unions is the global trade association and development agency for credit unions. World Council promotes the sustainable development of credit unions and other financial cooperatives around the world to empower people through access to high quality and affordable financial services. World Council advocates on behalf of the global credit union system before international organizations and works with national governments to improve legislation and regulation. Its technical assistance programs introduce new tools and technologies to strengthen credit unions' financial performance and increase their outreach.

World Council has implemented more than 290 technical assistance programs in 71 countries. Worldwide, 57,000 credit unions in 103 countries serve 208 million people. Learn more about World Council's impact around the world at www.woccu.org.

 



Organization: American Heritage Federal Credit Union
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