Credit unions plan to merge. Source: Shutterstock.

The $3.7 billion Royal Credit Union has been on a merger and acquisition spree in 2021. On Friday, the Eau Claire, Wis.-based credit union ($3.7 billion in assets, 241,372 members) announced it has plans to merge Utilities Credit Union into the Royal family. This is Royal’s third such announcement this year.

In a statement from Royal, the newly combined entity will operate under the Royal name and leadership. UCU ($6.8 million in assets, 899 members), also based in Eau Claire, said its members voted to approve the merger on Sept. 9. The merger will be effective on Sept. 30, 2021 and all UCU members will be transitioned to Royal by Oct. 4, 2021.

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Michael Ogden

Editor-in-Chief for CU Times. To connect, email at [email protected].

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