Please email executive@parsonsfcu.com. A member of our Executive Team will respond to your questions directly.
Recognizing the advantages and the many benefits that would flow to the membership, the Parsons Federal Credit Union (Parsons FCU) Board of Directors unanimously agreed to pursue an opportunity to merge with Skyla Federal Credit Union (Skyla). After NCUA’s approval, members of Parsons FCU were asked to cast their vote for or against the merger. We’re excited to announce that the membership has voted in favor of the merger and the merger has been approved!
October 14 - November 30, 2022
Parsons FCU members were given the opportunity to vote on the merger during this window and the merger was approved!
January 1, 2023
Our accounting filings are combined. However, both credit unions will operate separately until August.
January - August 2023
You won't notice any real changes during this period. We'll keep in touch, but everything with your membership stays the same.
August 6, 2023
We combine our member records via Parsons FCU's core conversion. Don't worry - we'll give you plenty of notice and will make sure you're fully prepared beforehand!
August 8, 2023
Enrollment in Skyla’s Digital Banking opens and you'll be able to view all of your account details as a Skyla member.
Once we combine member records via Parsons FCU's core conversion, there will be some simple changes to your accounts and digital banking logins. But don't worry, we'll give you plenty of notice before any changes take place in August 2023!
In short, the merger is to help develop scale for the future. The economies of scale and the operational efficiencies realized through the merger are expected to offer long-term benefits to the membership. Among its other benefits, the merger will also provide our employees with access to a formal training program and a career development department.
The following are some of the enhancements from this merger:
Skyla is the new brand name adopted by Charlotte Metro Federal Credit Union. This new brand name was brought about due to the merger of Premier FCU into Charlotte Metro FCU in 2021. Charlotte Metro FCU was founded in 1962 to serve Charlotte’s city employees. Since that time, Charlotte Metro FCU has grown significantly by reaching out to numerous groups that qualify for membership.
Skyla fully embraces the credit union philosophy and service levels that we hold true at Parsons FCU. As an added benefit, Skyla utilizes the same data processing system as we do, making the data conversion much easier. Combined, we will have approximately $1.4 billion in assets which gets us to the scale needed to operate successfully in the future.
Yes. Parsons FCU was founded in 1975 to provide financial services to Parsons employees and their families. We take pride in helping Parsons employees and family members realize their financial goals and this commitment will continue unaltered.
Yes. Both offices will remain open, and we look forward to expanding in both Pasadena, CA and Centreville, VA with the additional resources provided through this merger.
All Parsons FCU employees are being retained during this transition. As part of a larger organization, our employees will have access to additional opportunities for career development and growth. Consideration for our employees was a major part in analyzing the benefits of a merger. The Parsons FCU staff that our members are used to dealing with will continue to serve our members after the merger is completed.
Three members of the Board of Directors will become Skyla board members. You will continue to have representation.
The merged organization will operate under the Skyla Federal Credit Union (Skyla) name.
Please email executive@parsonsfcu.com. A member of our Executive Team will respond to your questions directly.
As a Skyla member, your account numbers and routing number will stay exactly the same throughout the merge!
Parsons has proudly served the financial needs of Parsons Corporation, its affiliates, and their family members since 1975. Today, they have 24 employees and 2 physical branch locations in Pasadena, CA and Centerville, VA.
For current Skyla customers, the immediate – and easily seen – impact of this merger is an expanded footprint since we will be growing outside of the Carolinas. Another important element is the scale this provides the combined institution. We’ll be able to accelerate already-planned technology advancements and grow our community support efforts, while continuing to provide the personalized, friendly service our members expect.
We don’t have to merge! Both institutions are financially sound individually. But with 107 combined years of experience, the financial strength of both organizations and shared vision will create an even stronger financial institution, enabling us to better serve our members, provide increased accessibility, technology, and financial products, and quickly grow.
The best part? This merge is taking Skyla national, meaning more convenient access for you anywhere you go!
Nope! We recently changed our name to Skyla in October 2022 with the intention of using this name for the long haul.
All Parsons FCU records and systems will transition to Skyla’s systems.
Don’t worry – your favorite Skyla employees aren’t going anywhere! This is truly just an expansion of our current organization. Our geographic regions don’t overlap, which is one of the many reasons this was an ideal merger opportunity!
Skyla will still be headquartered at 800 Central Ave, Charlotte NC and there will not be any layoffs or reductions in staff as a result of the merger.
You are entering a site that is not operated by the credit union. Skyla cannot be held responsible for the alternate site's content, nor does Skyla represent either party should you enter into a transaction. Please note the site's privacy and security policies may differ from those of Skyla Credit Union.
Please click “Go to URL…” to leave this website and proceed to the selected site.