New Credit Union after Merger

December 13, 2012 Updated Dec 13, 2012 at 8:30 AM EDT

By WKBW News

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December 13, 2012 Updated Dec 13, 2012 at 8:30 AM EDT

Two credit unions in Niagara County have officially merged, forming one of the largest credit unions in the region.

Niagara's Choice FCU and Niagara County's FCU became a single institution on Dec. 1. The combined organization -- which retained the Niagara's Choice FCU moniker -- boasts 23,000 members and $122 million in assets. It now operates five full-service branches -- two in Niagara Falls and one each in Lockport, North Tonawanda and Wheatfield.

CEO Alfred Frosolone said the transition went smoothly.

"Everything's integrated from a data processing standpoint," he said. "The members know they can visit any of our five offices, and they're doing that. Things were pretty easily transitioned so that when we opened for business Monday morning (Dec. 3), it was business as usual."

Nancy Kasprzak-Whitmore, former top executive at Niagara County's FCU, is now executive vice president of the combined credit union. All 18 staff members who used to work at Kasprzak-Whitmore's organization have moved over to Niagara's Choice, Frosolone said.

The combined organization is now the second-largest credit union in Niagara County, following Cornerstone Community FCU, and the fifth-largest credit union in the region.

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