WARREN, Ohio – Two Ohio credit unions are merging.
The $1.98-billion 717 Credit Union said it will be merging in the $108-million Geauga Credit Union, expanding its footprint in northeastern Ohio. The two CUs are approximately 25 miles apart.
The merger has received regulatory approval through the Ohio Division of Financial Institutions and will be official April 1, with operational integration scheduled in November.
The merged entity will operate under the 717 Credit Union name and is expected to serve more than 130,000 members.
The merger expand’s 7 17’s reach into Geauga and Ashtabula counties in Ohio. Members will have access to branches in Burton and Middlefield, and new branches are planned to open in Streetsboro and Stow in spring, the credit union said.
‘It’s About People’
“This is about more than growth. It’s about people,” said7 17 CEO John Demmler said in a statement. “While our reach is expanding, we’re keeping what matters most at the forefront: personal relationships, a member-first commitment and a focus on building a stronger community.”
Combined, the two credit unions have 678 workplace SEGs.
“We are excited for this next step. Members of Geauga Credit Union will now be part of one of the best and strongest credit unions in Ohio,” GCU Board President Dan Burkholder said in a statement. “We are looking forward to our members having access to 717’s ‘No Fee’ mortgages, high-yield savings products and a broad array of commercial and business banking products.”
Financial Performance
7 17 reported $15.6 million in net income for 2025, closing the year with net worth of 12.75%. Geauga Credit Union reported $887,775 in net income and had net worth of 9.47% as of the same date.
