WINSTON-SALEM, N.C. – Allegacy FCU will acquire two branches with a deal to merge I-R Employees FCU, a $10 million credit union for employees of Ingersoll Rand.
I-R Employees FCU has branches in Mocksville and Davidson.
The $1 billion Allegacy will take on the smaller credit union’s employees and 2,800 members, consisting of employees and families of Ingersoll Rand and Doosan Infracore International.
Allegacy said the new locations would help it add other new members in Davidson, Mocksville and nearby towns.
The merger conversion will take place over the Labor Day weekend.