Andigo Credit Union ($868M; Schaumburg, IL) and Consumers Credit Union ($1.41B; Gurnee, IL) have officially merged, effective June 1, 2020, creating the 5th largest credit union in Illinois.
While the merger is official, the two credit unions will run their respective operations as-is until June 2021. This provides time to fully integrate the two organizations. During that time, Andigo will operate as Andigo Credit Union, a Division of Consumers Credit Union — offering current products and services to both existing and new members.
The combined credit union employs more than 475 people in the Chicago area and offer members 18 branches — 14 being prominent, public community branch locations in Illinois — as well as access to a national shared branching network, and more than 80,000 surcharge-free ATMs worldwide. We are particularly happy to be able to report that all of our current employees at both credit unions will remain with us at the new credit union, with additional jobs being added as we continue to grow.
The combined credit union will operate under Consumers Credit Union’s name. We will serve more than 163,000 members and have over $2.3 billion in assets, making the new credit union the 5th largest in Illinois and one of the 130 largest credit unions in the US.
Stay tuned for more information, we will update this webpage as more details become available.
Press Release (6/20)
Member Announcement (4/23)
Notice of Special Meeting (2/20)
Press Release (8/19)
Member Announcement (8/19)