7 17 Credit Union and Geauga Credit Union announce upcoming merger

 

7 17 Credit Union and Geauga Credit Union have announced that Geauga Credit Union will merge into 7 17 Credit Union in spring 2026, in what is described as the largest merger in 7 17’s history.

Key facts

• Geauga Credit Union will officially merge with 7 17 Credit Union on April 1, 2026, following regulatory approval from the Ohio Division of Financial Institutions.

• Operational integration (systems, products, branding) is scheduled for completion in November 2026.

• The combined organization will operate under the 7 17 Credit Union name and is expected to serve over 130,000 members once fully integrated.

• The transaction brings approximately $108 million in assets and about 6,500 members from Geauga Credit Union into 7 17 Credit Union.

Branches and geography

• Geauga’s existing branches in Burton and Middlefield will become part of 7 17’s network, extending its reach into Geauga and Ashtabula counties.

• 7 17 plans additional new branches in Streetsboro and Stow in spring 2026, resulting in four new locations and roughly a 33% increase in its branch count in greater Northeast Ohio.

Member impact

• Geauga members will gain access to 7 17’s broader product set, including “No Fee” mortgages, high-yield savings options, and expanded commercial and business banking services.

• Members of the combined credit union will have access to an expanded network that includes 40,000 fee-free ATMs and enhanced digital banking services.

Leadership and strategic rationale

• Both institutions characterize the merger as a union of two financially strong, member-focused organizations aimed at expanding scale, technology, and product depth in a competitive environment.

• 7 17’s CEO John Demmler emphasized a continued focus on personal relationships and community impact, while Geauga’s board president highlighted access to a stronger balance sheet and broader services for Geauga members.