Partners Financial FCU Merger FAQs
Partners Financial FCU is Merging with Argent!
As an existing Partners Financial FCU member, we know you have some questions. Read below to find out how the merger will affect you.
Why is Partners Financial FCU merging with Argent?
After thoughtful consideration, the Board and Management of Partners Financial Federal Credit Union believe a consolidation of resources with Argent Federal Credit Union will maximize member value and increase employee satisfaction.
Enhanced Convenience and Access
More branch locations: Together Partners Financial Federal Credit Union and Argent Federal Credit Union will have 8 locations throughout the local Richmond area. In addition, members will enjoy a dedicated full-service contact center and e-Services department.
Competitive Pricing and Services
Argent Federal Credit Union offers market-competitive pricing on deposit and loan products along with additional services, including financial counseling and debt management. The merger will result in a larger organization with anticipated improved economies of scale, providing opportunities to return more member value with better rates and expanded product and services.
What will be the effective date of the merger?
October 1, 2023 has been established as the “official” merger date. However, until February 1, 2024, Partners Financial FCU members will continue to conduct transactions as they do today.
Does Argent offer the same products as Partners Financial FCU?
Argent Federal Credit Union offers market-competitive pricing on deposit and loan products along with additional services, including financial counseling and debt management. The proposed merger will result in a larger organization with anticipated improved economies of scale, providing opportunities to return more member value with better rates and expanded product and services.
Will the Partners Financial FCU staff continue to work at Argent?
Argent Federal Credit Union will retain all current management and staff of Partners Financial Federal Credit Union upon completion of the merger. As an employer of choice, Argent Federal Credit Union offers exceptional benefits and employee development opportunities. With the addition of a dedicated Human Resources department, Information Technology department and Training department, staff will have access to more resources for increased growth and support.
Johnna Muncy, the current President/CEO of Partners Financial, will become a Vice President at Argent Credit Union. Jamie Asciolla, the current President/CEO of Argent Credit Union, will continue in that role.
How many branches will you have?
Together Partners Financial Federal Credit Union and Argent Credit Union will have 8 locations throughout the local Richmond area. In addition, members will enjoy a dedicated full-service Contact Center and e-Services Department.
