Mayes County Credit Union to Merge with Red Crown

Mayes County Federal Credit Union in Pryor has received approval from the National Credit Union Administration to merge with Tulsa-based Red Crown Federal Credit Union.
Mayes County FCU Board Chairman Coy Davis said, “This merger is an excellent opportunity for the credit union to offer its members and staff more financial resources. Our existing staff will remain and continue to deliver the personal attention our members have come to value. Additionally, our involvement in the Pryor community will be supported and enhanced through our partnership with Red Crown.”
Marsha Schmidt, CEO for Red Crown Federal Credit Union, said she is excited about the merger.
“This partnership is a mutually beneficial endeavor for both credit unions. We believe the Pryor market is strong and Mayes County FCU has a great staff. They operate under the same philosophy as we do – excellent member service is our primary goal. Many of our products and services are identical, although there will be some new ones added once a system conversion can be completed,” she said.
A home equity line of credit with credit card access, traditional credit cards, online statements, bill pay and courtesy pay overdraft protection are some of the new services Mayes County FCU members will have available to them, Schmidt said.
Mayes County Federal Credit Union, originally chartered in 1956, is a $21-million community credit union serving a membership of 7,100.
Red Crown Federal Credit Union is a full-service credit union with assets of $90 million, four Tulsa-area locations and more than 13,000 members worldwide. Red Crown was originally chartered in 1938 as a federal credit union for the employees of Standard Oil and Gas, which later became Amoco. Red Crown has since expanded its field of membership to serve persons in the Tulsa MSA and now Mayes County.

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