Teamsters Local 92 Federal Credit Union merges with 7 17 Credit Union

Teamsters Local 92 Federal Credit Union has merged with 7 17 Credit Union effective Jan. 2. The Teamsters branch in Canton will close, and 7 17 will serve its 500 members at its own North Canton branch in January. This merger marks the first steps in 7 17 Credit Union’s larger western expansion plan.

“I really believe what 7 17 stands for, and the employees and leadership. With the products 7 17 offers it’s beneficial for everyone,” said Teamsters Local 92 FCU Board President Ron Crosbie. “I’ve been a long-time member of Teamsters 92 FCU. While Teamsters has always been there for me, I believe going forward we can be more effective as a part of 7 17.”

In August 2025, 7 17 began supporting Teamsters Local 92 FCU by providing additional expertise and resources as a larger credit union. As the collaboration progressed, 7 17 was invited to serve as a merger partner because of its expertise and capabilities given the increasing technology and compliance requirements facing financial institutions today.

“Our history is deeply rooted in the labor movement, and we know the pride and power that come from standing together,” said 7 17 CEO John Demmler. “It’s a true example of banking with purpose, building stronger communities — and together, we can accomplish more than we ever could alone.”

Representatives said 7 17 Credit Union has proudly served the Canton community for years and remains deeply committed to Northeast Ohio. In addition to its existing Canton-area presence, 7 17 plans to open new branches in the Wallhaven neighborhood and in Akron in the coming months, further expanding access to cooperative, member-focused financial services across the region.

7 17 has a long history of supporting unions. 7 17 Credit Union was formed in 1957 by 15 hourly employees at the Packard Electric division of General Motors. They created the credit union with just $75, locked in a cigar box of the IUE Local 7 17 union hall. Today, anyone living or working in Northeast Ohio can become a member and open an account with 7 17.

Today, 7 17 Credit Union has 12 branches, over 120,000 members, and more than 330 employees— nearly 180 of whom are proud members of the Office and Professional Employees International Union Local 1794. 7 17 continues to embrace its union roots and is honored to welcome additional union partners into its mission of people helping people.

As the merger moves forward, 7 17’s said its goal is to proactively and innovatively meet the financial needs of all members — whether they’re long-standing or have newly joined. The credit union remains committed to delivering exceptional value, expanded services, and the cooperative strength that comes from uniting communities with shared purpose.