Two York County credit unions have merged.
Arrow Pointe Federal Credit Union based in Catawba and 1st Patriots Federal Credit Union in Rock Hill are now one and will maintain the Arrow Pointe name.
Arrow Pointe president Tim Lyda explains why the merger with 1st Patriots took place
Lyda says the merger takes effect today, but the actual core processing systems won’t be merged until July first.
Lyda says because of economies of scale, the merged credit union can do more for all of its members.
Arrow Pointe now has more than 15,000 members and $142 million in assets.