Merger Information

Letter from the Chairman

Dear SeaComm Member:

Your Board of Directors has voted to move forward with a merger of Watertown-based United Neighbors Federal Credit Union. The $4.5 million in assets credit union has one location on Coffeen Street in the City and serves all of Jefferson County, NY.

We are pleased to be able offer all our products and services, including access to on-site ATMs, real-time instant issue debit, credit cards, mortgages, personal advisor services and member business loans to their members. These services will be available to their members immediately upon the successful completion of the merger giving them financial opportunities that are both convenient and accessible. This is in-line with our industry’s mission of “People Helping People”.

We are confident that this merger and the new market, which we will be serving makes absolute sense for the credit union and our membership, and that, it continues to help us build upon our already strong foundation. We will also ensure that you will continue to be taken care of in same personal, high-touch, friendly manner that you have been accustomed to and we will be focused on meeting your overall satisfaction.

Sincerely,

Scott Wilson Signature

Myron F. Burns
Chairman
Board of Directors

Press Release: United Neighbors FCU to Merge into SeaComm FCU

Watertown-based United Neighbors Federal Credit Union’s Board of Directors voted to move forward with a merger with SeaComm Federal Credit Union, Massena, NY. The United Neighbor’s members approved the merger at a special meeting held on March 30, 2021. The $4.5 million in assets credit union has one location on Coffeen Street in the City and serves all of Jefferson County, NY. SeaComm with $720 million in assets, 50,000 members and eight retail branch locations, serves St. Lawrence, Franklin, Essex and Clinton Counties, NY and Grand Isle, Franklin and Chittenden Counties in Vermont. This past November the National Credit Union Administration, Washington, D.C., officially approved the expansion of SeaComm’s field of membership to also include Jefferson and Lewis Counties, NY.

“As the President of the Board of Directors, along with the unanimous support of the Directors, I feel this merger between United Neighbors Federal Credit Union and SeaComm Federal Credit Union is a perfect fit for our members and staff,” states Corey Decillis. “I feel the only way to offer the number of products and services that our membership should have available to them is through a merger with SeaComm. The meetings and conversations that we have had with SeaComm have been very inviting and I look forward to working with them now and in the future to make this merger as seamless as possible for our members and employees, he adds.”

“We are pleased to be able to be part of such a member-focused credit union like United Neighbors,” states Myron Burns, Chairman, SeaComm Board of Directors. “We will ensure as this merger moves forward that United Neighbor’s members, who are going to become members of SeaComm, are taken care of in the same high-touch, personal, friendly and attentive manner they have always been accustomed.”

“This merger will give our members more products than we, on our own, will ever have the ability to give them. As a small Credit Union we praise ourselves on a warm and inviting business where our members are not just an account number but a part of our Credit Union family, states Leslie Bush, Manager/CEO. “SeaComm Federal Credit Union has a very similar philosophy and I am looking forward to growing our membership and being part of an amazing place for people to carry out all their financial needs,” she adds.

Through this merger, the members of United Neighbors Federal Credit Union will have access to a vast array of new Credit Union products and services, including access to on-site ATMs, real-time instant issue debit, credit cards, mortgages, personal advisor services and member business loans. These new and innovative services will be available to members immediately giving them financial opportunities that are both convenient and accessible.

“We are very excited to have United Neighbors FCU become a part of SeaComm. This member-focused credit union’s mission and values are succinctly aligned with ours and will only be strengthened as we move forward together,” states Scott A. Wilson, SeaComm President & Chief Executive Officer. “We are so pleased that the United Neighbors staff will remain with us and continue to take care of the members, adds Wilson.”

The effective date of the merger will be April 12, 2021.