PLYMOUTH, Minn.–A merger announced here will cross state lines.
TruStone Financial FCU reported that members of Wisconsin-based Kenosha Postal Employees Credit Union have voted to merge with TruStone Financial effective Sept. 10.
“On behalf of the board of directors, leadership and employees, I am pleased to welcome the members of Kenosha Postal Employees Credit Union to TruStone Financial,” said TruStone Financial Board Chair Tom Alagna.
Kenosha Postal has $1.3-million in assets; TruStone Financial more than $1.1 billion. The combined CU will have more than 100,000 members in Minnesota and Wisconsin and 13 branches.
“With the increased demand for convenience and technology, the merger with TruStone Financial is beneficial for all members,” said Kenosha Postal Employees Credit Union Board Chair Patrick Neis. “Our members will now have access to a full-service financial institution, offering an expanded product line and online services, while continuing to strengthen the relationships we have built within our community.”
“The existing TruStone Financial footprint across Wisconsin provides a number of communities with innovative banking technology and essential financial solutions,” said Chief Executive Officer Tim Bosiacki. “We are thrilled to have the opportunity to deepen our relationships in the Kenosha community and offer our unique products and services to serve more members than ever before.”