Strengthening Community Ties: APG Federal Credit Union Welcomes Members First into Its Family

A New Chapter in Community Banking

In a significant development within the financial cooperative sector, APG Federal Credit Union (APGFCU) has officially acquired Members First of Maryland Federal Credit Union, effective August 29, 2025. This acquisition marks not only a strategic expansion but also a mission-driven effort to ensure the continuation of financial services for the loyal members of Members First. APGFCU, a trusted financial institution serving Baltimore City, along with Baltimore, Harford, and Cecil counties, is now poised to deepen its footprint in the Baltimore County region through the addition of locations in Dundalk and Perry Hall.

Shared Values at the Core

"We are truly honored to welcome the members and employees of Members First of Maryland Federal Credit Union into our APGFCU family," expressed Becky Smith, President and CEO of APGFCU. This acquisition is celebrated as more than just a merging of two financial institutions; it is viewed as a union of shared values and a collective commitment to prioritizing the needs of people. Members of Members First will gain access to a broader range of services, while APGFCU members will enjoy an expanded presence in Baltimore County. The overarching goal is to forge stronger partnerships and support the communities served, enhancing their overall quality of life.

Benefits of the Acquisition

The acquisition of Members First by APGFCU ensures that members will continue to receive uninterrupted service, along with access to APGFCU’s comprehensive suite of benefits. These include competitive loan rates, robust financial education tools, and an expanded branch and ATM network. Jerry Ernest, Chairman of the Board of Members First of Maryland Federal Credit Union, highlighted the shared philosophy between the two entities, emphasizing the positive impact this union will have on preserving their legacy while advancing the offerings available to their members.

"By uniting two mission-driven organizations, we’re strengthening our ability to provide exceptional service, expand access, and build lasting financial well-being," stated APGFCU Board Chairman Donald J. Burnett, COL (Ret). The sentiment reflects a deep commitment to the cooperative spirit, promising a future filled with greater impact and opportunities for members.

What This Means for Members First Members

In the aftermath of this acquisition, Members First members can anticipate:

• No immediate changes to their current accounts or services.
• Expanded access to APGFCU’s comprehensive suite of products and services, including low-rate loans, high-yield savings accounts, and no-fee checking.
• Enhanced digital banking capabilities through mobile and online platforms.
• A continued commitment to personalized service and community involvement.

APGFCU is dedicated to ensuring a seamless and transparent transition for all members and employees, with ongoing updates to be provided through www.apgfcu.com/MembersFirst.

Looking Towards the Future

APG Federal Credit Union stands as a beacon of member-owned, not-for-profit financial cooperative excellence, with $2.4 billion in assets and over 175,000 members served. Founded in 1938, APGFCU’s mission of building strong families for a stronger community remains unwavering. Meanwhile, Members First of Maryland FCU, chartered in 1969, brings its rich heritage of serving local unions and employees of various businesses throughout the Greater Baltimore area, boasting over $22 million in assets and approximately 2,400 members as of December 31, 2024.

This acquisition symbolizes more than a mere expansion of services and locations; it represents a deepening of the commitment to serve and uplift communities, ensuring financial stability and prosperity for all members involved. The union of APGFCU and Members First of Maryland Federal Credit Union promises a brighter, more inclusive future for the communities they serve, grounded in shared values and a steadfast dedication to making a positive impact.