The $34.6 million Ace Community Credit Union in Ames, Iowa intends to merge into the $389 million Community Choice Credit Union in Johnston, Iowa.
The boards of directors for both cooperatives approved an intent to merge agreement on Jan. 3, according to a joint statement.
“We explored many options and a partnership with Community Choice Credit Union was the best strategic decision for us, and also a great opportunity for our members,” said Timothy Wallen, Ace Community president/CEO. “Both Ace and Community Choice have a long and storied tradition of providing exceptional personalized service to our members. Our employees share the goal of providing highquality financial services to our members.”
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 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.
