FALCON HEIGHTS, Minn.–Members of Peoples Community Credit Union here have voted in favor of merging into SPIRE Credit Union.
As a result of the merger, a $400,000 special dividend was paid back to the 2,700 members of the $22-million Peoples Community.
“To maintain and grow the long-term value for the Peoples Community Credit Union membership, the leadership recognized the need to enter into a partnership with SPIRE,” said PCCU CEO Rosemarie Kuretich. “This partnership is a win for everybody”
Added Dan Stolz, president of SPIRE, “The members are very excited to have more products available to them, as well as greatly expanded services and branch options. This partnership will bring countless opportunities to the PCCU members.”