Self Reliance Financial Federal Credit Union officially formed on October 1, 2025, when Ukrainian Selfreliance Federal Credit Union (UKRFCU) and Self Reliance New York Federal Credit Union (SRNYFCU) merged. Following the legal merger, we’ve aligned operational aspects including accounts, loans, products, and services.
A New Chapter Begins
We are pleased to provide you with resource guides to help you understand what to expect as we merge the operations of legacy credit unions – Ukrainian Selfreliance Federal Credit Union and Self Reliance New York Federal Credit Union – that combined to form Self Reliance Financial Federal Credit Union (SRFFCU).
Merger Support Guides for:
A Stronger Credit Union, Built on Shared History
The merger brought together two long-standing institutions with more than 145 years of shared history and a common mission to strengthen financial services for Ukrainian Americans. Together, SRFFCU now has $2 billion in assets, serves more than 31,000 members, and maintains all existing branches across Pennsylvania, New York, New Jersey, and Maryland.
Frequently Asked Questions (FAQs)
Why did UKRFCU and SRNYFCU merge?
The merger came from a shared goal: to give members more value and build a stronger future for the credit union. Together, the two institutions bring 145 years of history, along with complementary strengths that create a larger, more resilient organization. That added scale makes it possible to expand products and services, invest more in the community, and operate more efficiently, all while staying rooted in the mission and values that matter to members.
What benefits will the merger bring to members?
By coming together, UKRFCU and SRNYFCU can keep the same member-first approach while gaining the size and strength to serve members even better over time. The merger supports:
- More competitive rates
- A broader range of products and services
- Improved convenience and account access
- More efficient operations
- Easier, more convenient access to all 11 branch locations.
It also gives the combined credit union a stronger position in a competitive financial services market, while staying rooted in the trust and shared values that brought the two institutions together. Throughout this growth, we remain deeply committed to serving and supporting the Ukrainian American community.
What should members expect regarding the timeline and impact of the merger between UKRFCU and Self Reliance NY FCU?
The merger took place in two key phases: Legal Merger and Operational Merger.
- Legal Merger: UKRFCU and SRNYFCU will legally merge into a single, unified credit union entity. This step enables us to make decisions that benefit our entire membership. The legal merger completed on October 1, 2025.
- Operational Merger: Following the legal merger, on July 1, we integrated our daily operations, processes, and member accounts, combining all Ukrainian Selfreliance Federal Credit Union and Self Reliance New York Federal Credit Union accounts into a single SRFFCU core banking platform.
Are accounts still insured after the merger?
Yes, your deposit accounts are insured. The National Credit Union Administration (NCUA) insures all deposits up to $250,000 per account. For more information regarding insurance coverage, please visit the Share Insurance Estimator at www.mycreditunion.gov.