Growth Strategies

It's the second credit union to agree to merge with SPIRE in the past four months.

The credit union's first bank buy will expand its commercial portfolio and market presence in the Badger State.

The second Georgia credit union-bank purchase deal of 2022 is expected to close during the fourth quarter.

If credit union members approve the proposed consolidation, it will create the first six-state association.

"We must blast past owning less than 10% of the market," MWCUA Board Chair Todd Marksberry says.

New England FCU and Vermont State Employees CU say they need to get bigger to compete with big banks.