Merger with Arsenal Credit Union of Missouri
On September 26, 2013, a meeting was held at the credit union office to vote on a merger into Arsenal Credit Union. This passed with a majority vote to proceed with this merger. The vote was compiled of attending members and the proxy vote of the remaining membership. The merger will be completed on December 31, 2013, with the Swansea location remaining open as an additional branch of Arsenal Credit Union. The same friendly staff will also remain to continue to provide great member service as Arsenal employees.
The Board of Directors did much research into possible merging partners and spent many hours doing intensive Due Diligence. They feel this partnership will be a great one! Arsenal Credit Union (www.arsenalcu.org) has 4 other locations in the St. Louis area and was chartered in 1948. They have many products and services that we, as a smaller credit union, are not able to provide. Products such as Mortgages, Business Accounts, Investment Services, onsite ATM, and Mobile Banking. And yet they have the same basic credit union philosophy as we do...people helping people.
It will be Business As Usual through December 31, 2013 with a name change by January 2, 2014. But you will be receiving welcome letters and many other pieces of information as the transition continues. We will all make it a point to make it a smooth transition for everyone. It you have any questions please call us at 618-234-5021,