1st Ed to open Hanover branch, expands membership base
1st Ed Credit Union is hoping to expand by opening a new Hanover branch and by adding York County students and their families to its field of potential members
The Chambersburg-based credit union will be opening a new branch in Hanover in fall 2019, its first in York County.
It will be the credit union’s third full-service location and will be located in the Hanover Crossing Shopping Center at 475 Eisenhower Drive. Its other two branches are in Franklin County.
“We’re excited to have the opportunity to serve our existing and future members who live in York and Adams Counties from this new location,” said Kelly Childress, CEO of 1st Ed Credit Union.
The credit union is also expanding its membership base to include students, employees and their immediate families the York County school districts. The state Department of Banking and Securities approved the expansion in February, according to the department.
The move does not mean people will automatically join the credit union, but they would be newly eligible for membership. Eligible family members include spouses and children, parents and siblings, grandparents and grandchildren, stepparents, stepchildren and step-siblings, and adoptive relationships, as well as aunts, uncles, cousins and all household members.
1st Ed Credit Union serves more than 6,300 members, including school employees, students and their families in Adams, Cumberland, Franklin, Fulton and York Counties, as well as employees from partner companies. The credit union has assets of $115.9 million, according to the National Credit Union Administration, which regulates the industry.