Pasadena’s Parsons Federal Credit Union Becomes Skyla Credit Union on Monday

Parsons Federal Credit Union in Pasadena will become integrated into Skyla Credit Union starting on Monday, Aug. 7, when Parsons FCU’s member data conversion is completed. 

Between Friday, Aug. 4 and midnight Sunday, Aug. 6, which Skyla calls “conversion weekend,” Parsons FCU members won’t be able to access their accounts via online or mobile banking; staff at both credit unions also “will not be able to view your accounts if you call in either,” said an advisory on the Skyla Credit Union website. 

On Monday, enrollment in Skyla’s digital banking platform opens and Parsons FCU members will be able to view all of their account details “as a Skyla member,” the advisory said. 

The merger of Parsons FCU with Skyla Credit Union was announced in December 2022,  after Parsons FCU members approved the merger, a statement by Skyla then said. 

The earlier statement added the merger “will further expand the combined credit union’s economies of scale for enhanced operational efficiency and member services.” 

Skyla said the merger will expand the credit union’s footprint beyond the Carolinas region to service members nationally, including the employees and affiliates of the Parsons Corporation.  The merger took effect on January 1.

Skyla will be adding two additional locations, one in Pasadena and one in Centreville, Va. to its existing 17 branch locations in North and South Carolina and will have assets of approximately $1.4 billion. 

This marks Skyla’s move to become a nationally recognized credit union. Following the merger, the Parsons FCU branches will remain open, operating under the Skyla Credit Union brand.

For Parsons FCU members, the merger expands membership services including access to a 24/7 contact center, complete business loan and business account offerings, expanded online and mobile banking tools, access to lower borrowing rates and higher yields among other new benefits.

Eric Gelly will remain as president and CEO for the newly merged credit union. Ray Crouse, President/CEO of Parsons FCU, will become the president of the wealth management group and Credit Union Services Organization (CUSO) for the combined entity. 

Three members of Parsons FCU’s Board of Directors are joining the Skyla Board, two as Board members and one as an Associate Board member.

For more information, visit https://www.skylacu.com/parsonsfcu.