Expanding its eastern Iowa growth, the $161 million Ascentra Credit Union of Bettendorf, Iowa, said it is in the process of completing a merger with the $53 Members Choice Community CU of Clinton, Iowa. The merger will be finalized next March.
"We are both well capitalized credit unions, and this is a merger of convenience to members in both organizations," said Paul Lensmeyer, president/CEO of Ascentra, the surviving CU, which will have a combined membership of 29,500 members.
Ascentra was formerly known as Alcoa Employees and Community CU.
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