Air Line Pilots Association Federal Credit Union merges with Connexus Credit Union
WAUSAU, WI (July 10, 2015) — Air Line Pilots Association Federal Credit Union (ALPA FCU) announced today that members have voted to merge with Connexus Credit Union (Wausau, WI), effective July 8, 2015.
The merged credit unions will offer its 179,000-plus members a stronger member experience by bringing together best practices of both credit unions, including optimizing and expanding member convenience through online services, call center, branch and ATM locations, as well as diversification of product and service offerings. The credit unions will continue doing business as Connexus Credit Union with combined assets exceeding $1.2 billion in total assets.
Both organizations are committed to providing exceptional member service, while maintaining the safety and security of members’ assets and information. This strategic merger joins two credit unions with very similar philosophies and values. “Our members will have available to them a broader array of high quality products and services, allowing them to consolidate multiple financial institution relationships into one. Most appealing is that they will have access to 24 hour online and mobile banking, which will be very convenient to the airline pilot community. Our goal is to become a full service financial institution, from personal checking accounts, to home mortgage or home equity loans, to a worldwide network of ATM’s. This is a huge leap for us and we are thrilled with the opportunity to join this organization that, almost overnight, will add tremendous value to our membership,” said Steve Derebey, President and Chair of ALPA FCU.
J. David Christenson, President/CEO of Connexus Credit Union adds, “Bringing together two strong and financially sound Credit Unions provides a tremendous opportunity to collectively leverage the best of both organizations – it’s a win-win for everyone.”
About Connexus Credit Union
Serving more than 174,000 members across all 50 states, Connexus is a member-focused cooperative with over $1 Billion in assets. Connexus is proud to provide high yields for checking accounts and deposit products, as well as competitive rates for personal, home and auto loans. The Wausau, WI based credit union has been nationally recognized for excellence by Forbes, CNN Money, PC Magazine, AARP, Kiplinger and Bankrate.com. Connexus is committed to helping their members achieve personal financial objectives while anticipating their needs and exceeding their expectations with superior products and services.
About ALPA FCU
Air Line Pilots Association Federal Credit Union (ALPA FCU), headquartered in Burr Ridge, IL, has $175 million in assets and serves more than 5,000 members. A national credit union with members in all fifty states and abroad, ALPA FCU serves members and employees of the Air Line Pilots Association, International with financially sound savings, IRA, and loan products.
The credit union was founded in 1947.