The 19.3 million Bent River Community Credit Union in Davenport,Iowa, agreed to merge into the $758 million Marine Credit Union in LaCrosse, Wis., the cooperativesannounced last week.
|The proposed consolidation will expand Marine's market presencein Iowa. In that state, the credit union currently operates twoloan production offices and three branches.
|If the merger is approved by state and federal regulators andmembers, Randy Hass, president/CEO of BRCCU, will join Marine'sleadership team, and BRCCU's employees will also be offeredpositions with Marine.
|BRCCU's sole branch will remain open after the merger, which isexpected to be completed in the first quarter of 2018, according toa prepared statement.
|Chartered in 1935, BRCCU serves more than 1,500 members.
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