Turbine Federal Credit Union plans merger with Self-Help

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Turbine Federal Credit Union, based in Greenville, this week announced a merger with Self-Help Credit Union, headquartered in Durham, N.C. The merger was approved by both credit union boards and by state and federal credit union regulators, according to a news release.

Greenville Gas Turbine Employees Federal Credit Union was formed in 1976 to provide General Electric employees in Greenville with access to affordable financial services, the release said.

In 2015, the board of directors for the credit union officially changed the name to Turbine Federal Credit Union to position the organization for future growth, according to the release. Since its inception, the credit union has expanded to serve not only the employees of GE in the Greenville area but their contractors, vendors and family of existing members.

Today Turbine has approximately 2,900 members and $26 million in assets.

“Turbine and Self-Help are both mission-centered credit unions driven by the desire to help our members and the communities where they live,” Jackie Mondora, Turbine Federal Credit Union Board vice-chairman, said in the release.  “Working together we will be able to not only ensure members have access to the best financial services but also strengthen the services provided to the entire Greenville community.”

“This partnership helps preserve wealth and build financial security for more working families,” Self-Help President Randy Chambers said in the release. “We are honored to build on Turbine’s long legacy in Greenville.”

Self-Help Credit Union is part of the Center for Community Self-Help, a national community development financial institution headquartered in Durham.