Credit unions in Wisconsin expect to complete a merger early next year while credit unions in Indiana and New Hampshire have recently announced the completion of consolidations.
The $42.9 million Horizon Community Credit Union in Green Bay, Wis. will complete its merger with the $1.2 billion Fox Communities Credit Union in Appleton in January.
“The reason Horizon approached Fox Communities was based on opportunities for both our members and the Horizon team, who will all remain with the credit union,” Pat Josephson, president/CEO of Horizon Community CU, said. “The core values of each of the credit unions are very similar. Having additional offices, products, and services for our membership was vital. It is important that we continue to grow and stay competitive with the ever-changing needs of our members.”
Chartered in 1932, Horizon Community CU served 2,783 members.
On Nov. 1, the $9.1 million All Seasons Federal Credit Union of Indianapolis was merged into the $1.6 billion Indiana Members Credit Union also based in Indianapolis.
In February, Carrier Corporation announced plans to close their manufacturing plant in Indianapolis, affecting about 2,100 employees.
All Seasons FCU operated a branch in the plant and its membership was made up entirely of Carrier employees.
Chartered in 1969 as the Bryant Employees FCU, All Seasons FCU served 1,361 members.
The merger allows All Seasons FCU members uninterrupted access to financial services at any of Indiana Members CU’s 25 locations across central Indiana.
Indiana Members CU also kept the All Seasons staff.
In New Hampshire, the $4.5 million Cheshire Health Federal Credit Union in Keene merged into the $3 billion Service Credit Union in Portsmouth on Oct. 1.
The credit union’s Cheshire Health Medical Center office remains open.
Cheshire Health FCU was chartered in 1965 and served 1,135 members.
A dedicated Service CU teller line will be housed at CHMC branch to serve Service CU members in that area.
