map of Illinois Source: Shutterstock.

Citizens Equity First Credit Union of Peoria, Ill., completed its purchase of four Illinois branches from the Pine Bluff, Ark.-based Simmons Bank, the credit union announced last week.

The purchase agreement, which the credit union signed and announced in December 2020, increases CEFCU’s assets by just over $150 million and its number of branches to 31, CEFCU said. At the end of January 2021, the credit union had just over $7 billion in assets. The purchased branches are located in Columbia, Edwardsville, Godfrey and O’Fallon – all small cities located east of St. Louis, Mo. CEFCU operates 22 other branches in Illinois and five in California, and serves approximately 357,000 members.

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Natasha Chilingerian

Natasha Chilingerian has worked in the credit union space for over a decade. She joined CU Times as managing editor in 2015 and was promoted to executive editor in 2019. Before that, she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union) in Los Angeles from 2013-2015, and as a CU Times freelancer from 2011-2013. She has been a professional writer and editor for more than 17 years, specializing in news and lifestyle journalism as well as marketing copywriting for companies in the finance and technology space.

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