There are many steps that we still need to complete before a final merger date can be announced. The merger will need to be approved by state regulators and the NCUA. Andigo will hold a member vote later this year. We anticipate the merger taking place in late 2019, and full systems integration to take place in the latter part of 2020, or early 2021. More details about changes to accounts or servicing delays will be shared as that information becomes available.

Very simply, we want to bring members and employees the best value from their credit union while ensuring we continue to grow and thrive. Partnering with another large and successful credit union will significantly increase operating efficiencies so we have the resources to deliver much more to members – more branches, better products and services, and highly competitive rates – with the same dedication to high quality service we have always provided.

Like us, Consumers Credit Union is doing very well today but is looking to expand in the best strategic way possible. Headquartered in Lake County, IL since 1930, serves more than 120,000 members. As one of the largest credit unions in Illinois, Consumers is dedicated to their members no matter where they move or how their lives change. Consumers commitment is to their members, no matter where life takes them. To learn more about Consumers’ products and services or for more information, visit Consumers Credit Union. Consumers offers over 10 convenient branch locations, today. The combined credit union will serve more than 156,000 members and be over $2.1 billion in assets.

The credit union will operate under Consumers Credit Union’s name and charter, so its members will not be required to vote on the merger. The merger will need to be officially approved by the Illinois Department of Financial & Professional Regulation (IDFPR) and the National Credit Union Administration (NCUA), and Andigo Credit Union will hold a member vote later this year.

Both credit unions are actively pursuing this partnership and it is not an acquisition. This is not something either credit union has to do; we are each independently successful and well capitalized. We are pursuing this opportunity to bring members even more locations, better products and services, and highly competitive rates.

A merger will provide the resources to continue to improve your banking experience through added branches, improved online and mobile technologies, new products and services, and highly competitive rates. While nothing will change until regulatory and member approvals are received, this partnership will mean we can better anticipate and meet all of your financial needs with extraordinary service.

Both Andigo Credit Union and Consumers Credit Union participate in expansive ATM networks as well as shared branching. This means, you can still have easy access to your funds no matter where life takes you. Plus, with our remote deposit and online account features, you can always do business with us!

The same familiar employees will continue serving you. In fact, there will be improved benefits and career advancement opportunities for all of our credit union team members.

Sean Rathjen, Consumers Credit Union CEO will be the CEO. Mike Murphy, CEO of Andigo Credit Union will be the President.

The new board will be comprised of 6 Andigo board members and 7 Consumers board members.