Youngstown City Schools Credit Union Merges with 7 17 Credit Union

Youngstown City Schools Credit Union Merges with 7 17

WARREN – 7 17 Credit Union welcomed more than 1,100 Youngstown City Schools Credit Union (YCSCU) members who have officially joined the 7 17 Credit Union family after a successful merger. They join nearly 100,000 individuals in the Youngstown and greater Mahoning Valley community that are already members of 7 17.

YCSCU, like many smaller credit unions and banks, found operating in a competitive marketplace increasingly challenging due to the cost and complexity of technology and regulatory compliance. Their credit union’s board of directors decided to seek a strong merger partner in order to best serve members long term. They found that in 7 17 Credit Union – from an unwavering commitment to member respect since 1957, to an expanded offering of financial services and products.

7 17 CEO and President John Demmler shares his enthusiasm for the merger, saying, “We are excited to officially welcome the members of YCSCU. This partnership is powered by our mutual desire to offer expanded service to our members, and a heartfelt commitment to financial inclusion, this merger reaffirms our commitment to Youngstown and to the education community. It is another big step as 7 17 continues to deepen its ties to the Youngstown area.”

All YCSCU members will now have access to expanded products and services, the latest digital banking technology, and premier member service at 13 branch locations; including a call center, a top-rated mobile app, and more than 30 ATMs and PTMs. Given 7 17’s current branch network and the limited access to the YCSCU office inside the Youngstown Early College High School, that office will be closed as of November 30, 2023.

The merger was finalized December 1, 2023 with approval of the Ohio Department of Financial Institutions and the National Credit Union Administration. With the completion of the merger, 7 17 has a total of nearly 120,000 members and $1.6 billion in assets.