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Merger News: 2019-2020

 

Member Announcement: Intent to Form Merger (8/19)

Andigo Credit Union (Schaumburg, IL) and Consumers Credit Union (Gurnee, IL) announced intent to form a merger, subject to regulatory and member approvals. If approved, the new organization would employ more than 475 employees throughout Illinois and offer members 18 total branches.

Notice of Special Meeting: Call to Vote (2/20)

The Board of Directors of Andigo Credit Union approved a proposition to merge with Consumers Cooperative Credit Union and has called a special meeting of the members. A call for members to vote, reasons for the merger, the financial status of both credit unions and merger-related financial arrangements are presented in this notice. 

Member Announcement: Vote Approved and Looking Forward (4/23)

Notice of the successful vote to form the merger was sent to members. The intended merger date is announced, and a brief of what the new organization will look like is given.

NCUA Insurance Member Notice: Important Coverage Information 

Important deposit insurance information for members is detailed in this notice. It includes the sources of the insurance, coverage amounts for the institution and individual accounts and a way to get additional insurance if desired.

Press Release: Merger Approved (6/20)

An official press release regarding the approved merger was distributed to news outlets. It was released on the first legal day of the merger – June 1, 2020.

  

 

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