Merger deal Merger deal

An Illinois credit union will become the state’s newest $1 billion cooperative while a second Illinois credit union will become the state’s fifth largest, should their proposed merger plans be approved by members and regulators.

Earlier this month, the $333 million Infinity Federal Credit Union in Westbrook, Maine, said it intends to merge with the $753 million Vibrant Credit union in Moline, Ill., which will create the state’s ninth billion-dollar cooperative.

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Peter Strozniak

Dig Deeper

 

Credit Union Times

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