CHICAGO—Chicago Municipal Employees Credit Union members have voted in favor of the upcoming merger with Great Lakes Credit Union.
CMECU members became members of GLCU on Dec. 31, 2024.
As CUToday.info reported, the two organizations originally announced their intent to merge last November.
“We’re excited to welcome CMECU members to GLCU, and we look forward to preserving the robust legacy CMECU has built over 98 years,” said Steve Bugg, president and CEO of GLCU.
As the merger process moves forward, both credit unions will provide information to their respective memberships via their websites (www.glcu.org and www.cmecuonline.org) and through other applicable communication channels, the organizations said.
Upon completion of the merger, CMECU will bring $59 million in assets, three locations in Chicago, and more than 11,000 members to the new organization to combine with GLCU’s 95,000 members and $1.6 billion in assets. The combined entity will serve 113,000 members and have $1.65 billion in assets.