Members of BlueCross BlueShield of Tennessee (BCBST) Employee Credit Union have voted in favor of the proposed merger with Chattanooga Federal Employees Credit Union, marking an exciting milestone for the two organizations.
This merger brings together two member-focused financial institutions, each deeply committed to community impact, financial empowerment, and exceptional service. Moving forward as one organization under the Chattanooga Federal Employees Credit Union name, members will benefit from expanded products and services, greater operational resilience, and a stronger foundation for the future once systems are fully integrated.
“This merger is a true reflection of the credit union philosophy of ‘people helping people,’” said Mark Fraker, CEO of Chattanooga Federal Employees Credit Union. “We are incredibly grateful for the trust our members have placed in us to lead them into this next chapter. Together, as a stronger and more unified institution, we are better positioned to deepen our investment in the Chattanooga community and support our members through every stage of their financial journeys.”
“Our primary responsibility has always been to act in the best interest of our members. Partnering with an institution as established and respected as Chattanooga Federal Employees Credit Union ensures our members gain access to a wider array of financial products and enhanced digital banking tools, all while maintaining the local, personalized care they expect and deserve,” said Pat Sullivan, Chairman of the Board of Directors for the BCBST Employee Credit Union.
The merger will be rolled out gradually with no immediate changes expected. Systems integrations will take place over the coming months, with teams from both credit unions working closely to ensure a smooth transition. Members can expect no disruption to their current services, and regular updates will be shared as the process moves forward.
About Chattanooga Federal Employees Credit Union
Chartered in 1925, Chattanooga Federal Employees Credit Union is the oldest credit union in the region. As a not-for-profit, member-owned financial institution, Chattanooga Federal serves its members with a full range of financial products, a strong commitment to local community investment, and a mission to support the financial well-being of its members. For more information, visit cfecu.org.
About BlueCross BlueShield of Tennessee Employee Credit Union
BCBST Employee Credit Union has long served the employees and families of BlueCross BlueShield of Tennessee, providing dedicated financial services and fostering community and credit among its members.
