Why are Acadia FCU and EMMC FCU merging?
This merger will provide a new, separate economic area to draw from for future growth. In addition to this, there will be more products, increased services, and more loan choices, plus variable real estate loans and business loans. We will also enjoy new growth opportunities and be able to serve the surrounding communities with an expanded field of membership. Economies of scale will allow for greater cost savings and sharing. All in all, the two credit unions match up very well with regards to member service and philosophy on what a credit union means to its membership.
Why is EMMC FCU merging with Acadia FCU, as opposed to another credit union?

As many small credit unions do in this ever-changing economy, EMMC FCU considered a merger partner to help ensure greater long-term stability. Exercising due diligence, EMMC FCU considered three different Maine credit unions. The EMMC Board of Directors voted to approve a merger with Acadia FCU on February 16, 2017. The Board of Directors consulted with BerryDunn, an accounting and financial services firm in Bangor, to help ensure the financial stability and regulatory compliance of Acadia FCU, as well as a review of their strategic planning documentation, mapping process for member transition, and transitional staffing plans.

Acadia FCU wants to form a strategic alliance with EMMC FCU as a way of expanding services to our joint credit unions, while working together during the merger process.

Also, Acadia has a proven track record of successful mergers, having grown through the merger of six smaller community credit unions. Several of Acadia’s professional staff have the experience of past mergers to draw from, which will help ensure everythin­­­g goes well.

EMMC FCU will benefit from Acadia’s strong capital reserves as we continue working to grow our membership. In addition, Acadia’s management team has deep industry experience and will never cease to nurture our positive culture, while focusing on continued growth and member service.

Furthermore, EMMC FCU members will have representation on the new joint board of directors by appointing three EMMC FCU Directors and one Supervisory Committee Member to Acadia FCU's board.

Will there be a name change?
This merger is uniting two credit unions together into one, and the Acadia name will continue. It was jointly decided that EMMC FCU would operate as Acadia FCU as a result of uniting the two credit unions.
Has Acadia done this before?
Yes we have. Acadia FCU is the result of several credit unions that all form part of the one great institution that you’ve come to know. Many of our professional staff have the experience of several mergers to draw from and will make sure that everything goes well.
Will my accounts change?
No, your account will not change, but new services and products will be developed. New and future members will be able to select and benefit from these new offerings. Existing EMMC FCU members will get new account numbers to ensure there are no duplicate numbers across the newly-expanded membership.
Will Acadia get too big and lose the great service we love?
Our dedication to our members is one of our prime motivators in all that we do, including this merger. We want to not only continue the relationships that our staff have with our members, but expand that service approach to the greater Bangor / Brewer area. Joining with EMMC FCU will help since they have the same approach to member service.
How will Acadia FCU staff be affected?
Everyone will continue to work in their same locations and perform the duties they are accustomed to. You will be able to continue to rely on the great staff that you know and trust at both institutions.
How will EMMC FCU staff be affected?
All existing EMMC FCU staff will continue employment with Acadia FCU. They will also have access to more training and development and will enjoy Acadia’s robust benefit package. This merger will also create new opportunities for career development and advancement, while plans to grow staff will provide new job opportunities in the greater Bangor area.
How will EMMC FCU members be affected?
Existing members will continue to deal with the same great staff, but with the added benefit of access to increased products and services and additional locations. Both credit unions will work to minimize the transitional impact on EMMC FCU members while many services and back-end processes are enhanced. Members will enjoy future stability and will grow with Acadia FCU -- a proven and solid leader in the credit union industry.
Will I be able to do my business at the locations in the Bangor area?
Yes. This will be one of the benefits for all members. Once the merger is completed, Acadia will have full-service branches not only in Aroostook County, but also in Bangor and Brewer.
When will the merger be finalized?
The next step in the merger process is to receive regulatory approval from the National Credit Union Administration (NCUA), which is currently pending. Once the approval is received, the members of EMMC FCU will give final approval by voting on the new partnership, according to federal regulations. We expect the two organizations to begin operating as one on November 1, 2017.
Will EMMC FCU be gone forever?
EMMC FCU's name will change to Acadia FCU, but steps are being taken to ensure they never lose their voice. EMMC FCU members will continue to receive the benefits they have always enjoyed, as well as receiving additional benefits and services. The combined Board of Directors will include three of EMMC FCU's current directors and one Supervisory Committee seat, ensuring the EMMC FCU ideology will continue to be met.
How has news of the merger been communicated to the public?

EMMC FCU has been communicating information concerning the merger since the Board of Directors approved the merger in February of 2017. Both credit unions have taken steps to keep members informed of the proposed merger. Handouts and information have been available in all EMMC FCU branch lobbies, a merger timeline has been visible on lobby digital screens, information is available on the websites of both credit unions, and there have been press releases and media coverage. Most recently, EMMC FCU members have received mailings via USPS mail and two informational e-mail blasts and there is a Facebook page dedicated to news and updates regarding the merger.

Please visit the merger Facebook page to keep up with the latest information.

What does NCUA approval mean?
The National Credit Union Administration (NCUA) are federal regulators who review the merger application to ensure that the proposed merger is beneficial for both credit unions and their memberships. Their approval is much more than making sure the forms are filled out correctly.
Where can we get up-to-date information regarding the merger?
The most recent information can be found on the merger Facebook page. Please LIKE and FOLLOW!
Does EMMC FCU currently have benefits from EMMC / EMHS?
No, they do not. In February of 2016, EMMC FCU was notified by the HR department of EMHS that effective January 1, 2017, EMMC FCU employees would no longer be employed by EMMC and would no longer have EMMC benefits or the resources of EMMC's human resources department. Acadia FCU has the staff and systems in place to effectively and adequately provide HR services, as well as a substantial benefit package for EMMC FCU employees.
The former CEO of EMMC FCU has endorsed this merger!
We are proud to say that the former CEO of EMMC FCU, Ralph Ferland, fully supports the merger between EMMC FCU and Acadia FCU. "As the former CEO for nearly 30 years, I have full confidence in the EMMC FCU Board of Directors' decision to merge with Acadia FCU," stated Ferland in September of 2017. "EMMC FCU has considered merger options in the past. Acadia FCU has been a solid financial institution for many years. I am in favor of this merger!"
Results of the Sept. 26 vote are in!
EMMC FCU Membership Votes to Merge
We are excited to share that members have voted YES and EMMC FCU will proceed to merge with Acadia FCU!

Effective November 1, EMMC FCU members will immediately benefit from these enhanced products and services:
• Lower and fewer fees, including UNLIMITED debit card transactions
• Instant Issue debit cards - Get a debit card in FIVE MINUTES!
• Real estate loans including variable rate mortgages
• Higher interest rates on savings
• Commercial loans
• Apple Pay, Android Pay, Samsung Pay
• Improvements in technology and cybersecurity
• Mobile banking with remote deposits
• More locations and new facilities
• Same commitment to service and family values

In continuing the legacy of EMMC FCU, three (3) of your Board of Directors and one (1) Supervisory Committee member will be appointed to Acadia FCU’s board and committee. Your voice will be heard!

CONGRATULATIONS to all members and employees of EMMC FCU - exciting changes are ahead! In the coming days and weeks, we will be communicating updates regarding what changes you can expect with your accounts. Information will be distributed via e-mail, in-branch literature, postal mailings, websites, on the merger Facebook page, and we plan to hold a town hall-style informational meeting in the coming weeks.

Stay tuned for more information!