MASON CITY, Iowa—The $700,000 Northwestern States Cement Employees Credit Union and $38-million CENT CU have agreed to merge.
“CENT is the ideal strategic partner for us. Our fields of membership are complementary to one another and we share similar values for our members, employees and the community,” Vickie French, CEO of Northwestern States, told the Globe Gazette. “With the rapidly increasing demand for technology and convenience, as well as growing regulatory burdens, CENT was the right solution for our membership.”
“We are extremely pleased to welcome Northwestern States Cement Employee Credit Union members and supporters to the CENT Credit Union family,” said Matthew Chizek, president/CEO of CENT Credit Union, which will be the continuing CU. “As our two organizations combine, Northwestern members will continue to experience the exceptional member service they are accustomed to."
The combined institution will have two locations in Mason City. The intended merger is expected to be completed in November.