R.I.A. Federal Credit Union and Redbrand Credit Union have completed a merger that will create a combined institution with approximately $750 million in assets.
The merger, approved by regulators and members of both credit unions, became legally effective May 1, with systems integration expected to follow in early 2027.
The combined organization brought together R.I.A. Federal's $675 million in assets with Redbrand's $76 million, expanding its footprint across Illinois, Iowa and Wisconsin.
"This merger reflects the strength of cooperative collaboration," said R.I.A. Federal President/CEO Jim Watts, noting the deal will enhance scale, operational resilience and the ability to invest in technology and innovation.
Both credit unions emphasized that all employees will be retained and maintaining a strong local presence will remain a priority.
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