The $14.2 million Greater Milwaukee Credit Union in West Allis, Wis. – chartered in 1923 when the U.S. credit union movement was gaining popularity – will merge with the $1.9 billion Summit Credit Union in Madison, Wis., on Dec. 1, if its members approve.
"After extensive research and consideration, we chose Summit Credit Union due to its leadership, innovation and dedication to the well-being of its members, employees and to the communities in which it serves," said Lori Pook, president/CEO of GMCU.
The merger is contingent on final approval from GMCU's membership as well as regulators. Members will vote on the merger question Sept. 25 during a special meeting, Pook said this week.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
