The $13 million, 2,371-member Ladish Community Credit Union inCudahy, Wis., will merge with the $860 million, 77,432-memberTruStone Financial Federal Credit Union in Plymouth, Minn. onApril 1.
|Both TruStone Financial and LCCU boards of directors unanimouslyapproved a merger, according to a statement released Friday.
|This proposed merger is TruStone Financial's third in threeyears. The credit union acquired the assets of A M Community CreditUnion in Kenosha, Wis., in August 2012 and the Ukrainian CreditUnion of Northeast Minneapolis in May 2011.
|“The addition of LCCU allows TruStone Financial to continue toexpand our geographical footprint into eastern Wisconsin, whilegiving (LCCU) members additional conveniences, enhanced service andproduct offerings,” said Tim Bosiacki, president/CEO of TruStoneFinancial.
|With the rapidly increasing demand for technology andconvenience and growing regulatory burdens, a merger with TruStoneFinancial is the ideal solution for LCCU's membership, said AlZdrojewski, board chair at LCCU.
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