NCUA merger report, Q3 2025
Electricians' Local 349 merger into Powernet Credit Union
NCUA's Merger Activity and Insurance Report for Q3 2025 lists Electricians' Local 349, of Miami, FL, as merging into Powernet Credit Union, of Tampa, FL. NCUA records the reason as "expanded services". Electricians' Local 349 last filed a call report for Q4 2025, with $4.8M in assets and 608 members.
Members of Electricians' Local 349 become members of Powernet Credit Union. Watch for its notice on new account numbers, cards and online banking.
The two credit unions side by side
| Measure | Electricians' Local 349Q4 2025 | Powernet Credit UnionQ2 2026 |
|---|---|---|
| Assets | $4.8M | $125.3M |
| Members | 608 | 3,830 |
| Net worth ratio | 14.80% | 10.05% |
| Offices | – | 3 |
| Paid on deposits | – | 1.41% |
| New auto loan rate | – | 5.68% |
| Fee income per member | – | $57 |
Figures for Electricians' Local 349 are from its call report for Q4 2025; this page carries only its size and capital. Assets for the report quarter: $4.9M merging, $113.7M continuing.
On our member-value score, built only from call-report data, Powernet Credit Union scores 55.2 out of 100.
Powernet Credit Union offices near Miami
From NCUA's branch file for Q2 2026, in Miami first and then elsewhere in FL. Every Powernet Credit Union location
Jacksonville, FL 1
- JAX Office 966 N Liberty St, Jacksonville, FL 32206
Miami, FL 1
- Miami Office 1657 Nw 17Th Ave, Miami, FL 33125
Tampa, FL 1
- Main Office 5619 Harney Rd, Tampa, FL 33610 Main office · Drive-through
Source: NCUA Merger Activity and Insurance Report, Q3 2025, and NCUA 5300 call reports. The report quarter is when the approval was listed; the merger may take effect later. Not affiliated with NCUA or either credit union. · All recent mergers · Powernet Credit Union full figures
Questions people ask
Did Electricians' Local 349 merge?
Yes. NCUA's Merger Activity and Insurance Report for Q3 2025 lists Electricians' Local 349, of Miami, FL, as merging into Powernet Credit Union, of Tampa, FL. Its last call report was for Q4 2025.
Why did Electricians' Local 349 merge?
NCUA records the reason as "expanded services". That is the category NCUA's report gives; the credit unions' own merger notice to members explains it in more detail.
What happens to my Electricians' Local 349 account?
Members and their accounts move to Powernet Credit Union, which becomes your credit union. Account numbers, the routing number, cards, checks and online banking can change; the notice Powernet Credit Union sends members gives the dates. Keep using your current details until it tells you otherwise.
Is my money still insured?
Yes. Powernet Credit Union is federally insured by NCUA, which covers deposits up to $250,000 per owner, per insured credit union, for each account ownership category. If you also had accounts at Powernet Credit Union before the merger, your balances are now at one credit union.