Calling its move discouraging but necessary, the $1.4 billion University of Iowa Community Credit Union has undergone a pullback from its campus operations by closing two branches, ATMs and student ID services in a give-up to a local bank.

The shuttering of the campus facilities and subsequent takeover by the $2 billion Hills Bank of Iowa City has been on the drawing boards since last fall and follows a bidding procedure completed last year in which the university administration formally ended a five-year pact with UICCU.


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