Sunday April 3, 2016

Compass, Oswego Heritage Federal Credit Unions Approve Merger

Merger creates new $52 million credit union serving over 7,500 members

    Compass Federal Credit Union and Oswego Heritage Federal Credit Union announced recently that the merger between their two credit unions has been finalized.


    Operational integration will be completed by Aug. 1.


    Thomas O’Toole, manager of Compass since 1989, will continue to lead the combined organization. “We are excited to make this announcement and to expand our services to the Fulton area, bringing new services to Heritage members, such as Visa cards and mobile banking with remote deposit capture, and allowing all of our members more conveniences,” said O’Toole.


    With the completion of the merger, Compass will have a total of seven branch locations to better serve members. The main office will remain at 131 George St., Oswego. Other locations include the Novelis plant, Oswego Hospital, Canalview Mall in Fulton, Davis-Standard in Fulton, Hillside Plaza in Oswego and Culkin Hall on the SUNY Oswego campus.


    Both credit unions are well respected and share a deep commitment to members and the local community. The credit unions have offered employment to all employees of Oswego Heritage Federal Credit Union as of the merger date.


    Compass Credit Union provides financial services to anyone who lives, works, worships or attends school in Oswego County, and their relatives. Established in 1966, the credit union serves over 5,700 members and manages more than $38 million in assets.


    For more information, go to

Oswego County Business Magazine
Issue 156

Issue 156
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