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Chessie/Kelco Merger to be Finalized Next Week

April 26th, 2021 by WCBC Radio

The Chessie Federal Credit Union’s merger with Kelco Federal Credit Union is expected to be completed and official May 3rd.  The merger is among several new happenings at Chessie, including the selection in January of longtime employee Scott Kline as CEO and president- replacing Richard “Doc” Daugherty  who has retired. Chessie’s latest expansion began with the acquisition of Al-Gar Federal Credit Union in August 2020, which added 3,000 new members. Al-Gar had a branch on Paca Street and one on Bishop Murphy Drive in Frostburg. The acquisition of Kelco at 321 Greene St. is expected to be completed early next month. Kline said the merger with Kelco will provide convenience and flexibility for customers…