Draft:717 Credit Union
Submission declined on 9 August 2024 by CNMall41 (talk).
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| Submission declined on 5 August 2024 by HitroMilanese (talk). This draft's references do not show that the subject qualifies for a Wikipedia article. In summary, the draft needs multiple published sources that are: Declined by HitroMilanese 11 days ago.
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| Submission declined on 5 August 2024 by Jdcomix (talk). This draft's references do not show that the subject qualifies for a Wikipedia article. In summary, the draft needs multiple published sources that are: Declined by Jdcomix 11 days ago.
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Comment: I only reviewed the sourcing added since last decline. It is all routine announcements that does not meet WP:ORGCRIT. CNMall41 (talk) 04:15, 9 August 2024 (UTC)
| Formerly | Seven Seventeen Credit Union |
|---|---|
| Company type | Credit Union |
| Founded | 1957 |
| Headquarters | Warren, Ohio |
Number of locations | 13 |
| Total assets | 1.6 Billion USD |
| Members | 100,000+ |
Number of employees | 325 |
717 Credit Union (previously stylized Seven Seventeen Credit Union) is a financial institution based in Warren, Ohio. They operate 13 branch locations and serve as the largest credit union in Northeast Ohio. As of 2023, the Credit Union serves more than 100,000 members with more than $1.6 billion in assets.[1] As of 2021, the credit union had 325 employees across Trumbull, Mahoning, Portage, Summit, and Stark counties.[2]
History
[edit]717 Credit Union was founded as a financial cooperative in 1957 to provide Packard Electric's hourly employees with money-borrowing services. The initiative grew from an informal cigar box filled with money to a full-fledged and regulated credit union.[3] The institution's namesake is the local 717 chapter of the I.U.E., of which the credit union's 15 founders were members.[4]
With an aging membership, 717 announced it would begin offering trust services in 2004 to members with a minimum of $100,000 in assets.[5]
In October of 2023, chief executive Gary Soukenik stepped down after more than four decades. John Demmler took over on November 1st 2023 as president / CEO.[6] Demmler previously served as Chief Lending Officer and Senior Vice President of Corporate Strategy at A+ Federal Credit Union in Austin, Texas.[7]
In 2024, Forbes named 717 the Number 1 credit union in Ohio, the institution's third consecutive year named among America's Best Credit Unions in Each State.[8][9]
Mergers
[edit]In the spring of 2001, Gougler Credit Union was acquired by Seven Seventeen Credit Union bringing its 400 remaining customers.[10]
On November 1st 2015, Kent Credit Union merged with 717, bringing more than 7,400 members to the combined organization. The merger made 717 credit union membership open to Summit County residents.[11][12]
On October 1st 2017, 717 finalized its merger with Credit Union One, bringing 2,600 members and 12.5 million in assets under their umbrella.[13]
On December 1st 2023, Youngstown City Schools Credit Union merged with 717, bringing more than 1,000 members. YCSCU cited increasing costs and complexity with technology and regulatory compliance in the digital age as reasons that made continued independent operation unsustainable.[14]
References
[edit]- ^ Staff (December 2, 2023). "Youngstown City School Credit Union, 717 merge". Tribune Chronicle. Retrieved August 8, 2024.
{{cite news}}: CS1 maint: url-status (link) - ^ Fox, Ashley (November 2021). "717 Credit Union Opens Downtown Warren Branch". The Business Journal. Retrieved August 5, 2024.
{{cite news}}: CS1 maint: url-status (link) - ^ LaRue, Dennis (October 23, 2017). "First Members of Seven Seventeen Amazed by Growth". The Business Journal. Retrieved August 5, 2024.
{{cite news}}: CS1 maint: url-status (link) - ^ Lanham, Eric (January 22, 2008). "Seven Seventeen Sees Growth in Assets, Deposits". The Business Journal. Retrieved August 8, 2024.
{{cite news}}: CS1 maint: url-status (link) - ^ Samaad, Michelle (July 6, 2004). "Aging Baby Boomers Motivate Seven Seventeen Credit Union to Enter Trust Services Realm". Credit Union Times. Retrieved July 5, 2024.
{{cite news}}: CS1 maint: url-status (link) - ^ Selak, Ron (September 27, 2023). "717 Credit Union gets new chief executive". The Vindicator. Retrieved August 5, 2024.
{{cite news}}: CS1 maint: url-status (link) - ^ Chilingerian, Natasha (September 26, 2023). "John Demmler Named CEO of 7 17 Credit Union". Credit Union Times. Retrieved August 5, 2024.
{{cite news}}: CS1 maint: url-status (link) - ^ Staff (July 16, 2024). "Forbes Names 717 No. 1 Credit Union in Ohio". The Business Journal. Retrieved August 5, 2024.
{{cite news}}: CS1 maint: url-status (link) - ^ Rabkin Peachman, Rachel (June 18, 2024). "AMERICA'S BEST CREDIT UNIONS IN EACH STATE". Forbes. Retrieved August 5, 2024.
{{cite news}}: CS1 maint: url-status (link) - ^ Smith, Diane (April 7, 2001). "Gougler Credit Union merges". Record-Courier. Retrieved August 5, 2024.
{{cite news}}: CS1 maint: url-status (link) - ^ Nobile, Jeremy (July 6, 2015). "Kent Credit Union plans merger with Seven Seventeen Credit Union". Crain's Cleveland Business. Retrieved August 5, 2024.
{{cite news}}: CS1 maint: url-status (link) - ^ Coller, Patty (July 1, 2015). "Seven Seventeen to acquire Kent Credit Union". 27 WKBN CBS-Affiliate. Retrieved August 5, 2024.
{{cite news}}: CS1 maint: url-status (link) - ^ "Seven Seventeen merges with Credit Union One". Tribune Chronicle. October 3, 2017. Retrieved August 5, 2024.
{{cite news}}: CS1 maint: url-status (link) - ^ Mosca, Zach (December 1, 2023). "Youngstown City Schools Credit Union merges with 717 Credit Union". 21 WFMJ NBC-Affiliate.
{{cite news}}: CS1 maint: url-status (link)
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