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Shelton-based Mutual Security Credit Union Inc. is acquiring the Greater Norwalk Area Credit Union Inc., with the deal subject to the approval of the Connecticut Department of Banking.
First chartered in 1961, The Greater Norwalk Area Credit Union has more than 3,300 members and assets totaling $21.4 million, according to data on file with the National Credit Union Administration. The credit union employs eight people, including CEO Howard Elkin.
Mutual Security”™s member base totals more than 35,000 people, with NCUA listing its assets at $247 million under CEO Larry Holderman.
Mutual Security has branches at 295 Westport Ave. in Norwalk and at Norwalk High School, as well as in Danbury, Brookfield and Stratford.
