WICHITA, Kan.–Two Kansas credit unions have announced merger plans. The $805-million Credit Union of America said it has reached an agreement with the $36-million Central Kansas Credit Union.
Members of both credit unions will have to approve the merger. Voting will conclude March 29. If approved, the merger is expected to close in June.
According to the credit unions, the merger would help Credit Union of America expand its footprint regionally. Central Kansas has a branch in Hutchinson and Pratt.
CUA intends to retain the Central Kansas employees at both locations.
The combined credit union will serve more than 70,000 members.