Royal Credit Union (Royal) announced that its acquisition of the Inver Grove Heights, Minnesota office of Deerwood Bank is complete. The office, located at 7055 Cahill Avenue in Inver Grove Heights, is Deerwood Bank’s only facility included in the acquisition.
Member accounts were converted May 6-8 and the office opened as Royal Credit Union on May 9, 2022.
“The acquisition offered Royal the opportunity to bring our values and community involvement to an area of Minnesota that is a logical connection between our current Edina, St. Paul, Apple Valley, and St. Croix Valley offices,” said Brandon Riechers, Royal Credit Union President & CEO. “Royal’s investment in this new location will expand our ability to serve our Members in Minnesota and will strengthen our commitment as a dynamic community partner and trusted financial.”
The lobby of the Royal office in Inver Grove Heights is open 9:00 a.m.-5 p.m. weekdays and by appointment on Saturdays. Drive-up hours will be 8:00 a.m.-5 p.m. weekdays and 9:00 a.m.-12 p.m. Saturdays. A drive-up ATM is also available 24 hours a day. The new Members were mailed a personal welcome guide explaining the transition process and outlining the benefits of being a Royal Credit Union Member.
The grand opening celebration for the office will begin on Tuesday, May 31, 2022. Members are invited to visit the office throughout the week for a special treat and the chance to enter a drawing for large gift baskets. The official ribbon cutting will occur on June 1, 2022
