APG Federal Credit Union Expands Baltimore County Presence Through Strategic Acquisition

APG Federal Credit Union has completed the acquisition of Members First of Maryland Federal Credit Union, effective August 29, 2025, marking a significant expansion of its service footprint in Baltimore County. The strategic move ensures uninterrupted financial services for Members First's approximately 2,400 members while providing access to APGFCU's comprehensive suite of banking products and expanded branch network. This acquisition represents a mission-driven approach to preserving community financial services and strengthening the credit union's cooperative model.

The transaction brings two Dundalk and Perry Hall locations under APGFCU's umbrella, deepening the institution's commitment to serving Baltimore County residents. Members First members will gain immediate access to competitive loan rates, high-yield savings accounts, no-fee checking options, and enhanced digital banking platforms through APGFCU's mobile and online services. The credit union is working closely with Members First leadership to ensure a transparent transition process for all members and employees, with ongoing updates available through their official communication channels at www.apgfcu.com/MembersFirst.

Becky Smith, President and CEO of APGFCU, emphasized the shared values between the two institutions, stating that the acquisition represents more than just a business combination but a blending of member-first philosophies and community commitment. The merger allows Members First members to benefit from APGFCU's $2.4 billion in assets and extensive service offerings while maintaining the personalized service approach that characterized their previous banking experience. Both credit unions share a not-for-profit cooperative structure, ensuring that the combined organization remains focused on member benefits rather than shareholder profits.

The acquisition demonstrates the growing trend of credit union consolidation within the financial services industry, particularly among smaller institutions seeking to enhance their competitive position and service capabilities. For Members First, which held approximately $22 million in assets, joining the larger APGFCU network provides operational efficiencies and expanded resources that would be challenging to maintain independently. This strategic move positions the combined entity to better serve the evolving financial needs of Baltimore area residents while maintaining the community-focused approach that defines credit union banking.