Once the merger is complete, the combined new institution will have 15 branch locations, 240 employees and nearly 65,000 members.
“Together, we will provide our membership more value, more branches and more access to banking services. This opportunity is the driving reason for the merger,” said Roger Michaelis, iQ Credit Union president and CEO, in a joint statement with Kathleen Romane, LCCU president and CEO.
“This consolidation is a positive move for the region, our members and our employees,” added Michaelis. “We’ll be stronger and better able to compete in the financial services marketplace. Our employees will have new opportunities for upward movement and career growth, our members will enjoy the benefit of expanded services, and together, we’ll be better able to invest in the success of our local community.”
