First Commonwealth announces plans to merge withBellco Federal Credit Union

Trexlertown-based First Commonwealth Federal Credit Union has announced that it has plans to merge with Bellco Federal Credit Union in Wyomissing. 

First Commonwealth serves members throughout the Lehigh Valley, Bellco has locations throughout Central Pennsylvania. 

The two credit unions have agreed to the merger pending the approval of the National Credit Union and Bellco’s Membership. 

The credit unions, when merged, will do business as First Commonwealth Federal Credit Union, and will have combined assets of more than $1.3 billion and over 92,000 members across 14 branch locations.  

“As a member-owned community financial cooperative, our members are our top priority. By joining forces with First Commonwealth Federal Credit Union, our members will have access to additional products and services, and a growing network of financial centers and ATMs/ITMs across the Lehigh Valley, Warren County, New Jersey and Berks County,” said Tom Gosling, Bellco Federal Credit Union’s president and CEO. “Bellco’s community impact will be amplified through First Commonwealth’s ‘We Thrive Foundation’, Corporate Social Responsibility initiatives, and volunteerism.” 

It’s expected that, with approval, the merger will be complete in the first half of 2024.