March 1, 2016 – Carbondale, IL – SIU Credit Union and Menard Credit Union announced today that the merger between their two credit unions has been finalized. The merger has been approved by the National Credit Union Administration (NCUA) and the Illinois Department of Financial and Professional Regulation/Division of Financial Institutions.
“We’re happy to have former Menard Credit Union members as a part of our SIU Credit Union family and look forward to serving them,” said SIU CU President/CEO Dennis Schaefer.
Schaefer will continue to lead the combined organization. This partnership with SIU Credit Union is an opportunity to bring Menard Credit Union members more with expanded products and services and the added convenience of more local and CO-OP shared branches, technology, and an extensive surcharge-free ATM network.