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With the recent proposed merger announcement from $2.7 billion Wings Financial Community Credit Union and $41 million Highgrove Community Federal Credit Union, the pool of small credit unions just got a little smaller.

The merger has received preliminary approval by the NCUA and the Minnesota Department of Commerce, according to Wings Financial in Apple Valley, Minn. The two credit unions expect to combine operations over the coming months. Highgrove’s single location in St. Paul, Minn. will remain open and will be remodeled to match Wings Financial’s other branch locations in the Twin Cities. Highgrove serves nearly 8,600 members while Wings Financial has more than 126,000 members.

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Peter Westerman

 

Credit Union Times

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