Central Hanna Employees Credit Union in Keewatin votes to merge with SPIRE
FALCON HEIGHTS, MN (August 4, 2021) — With a 93.7% affirmative vote from Central Hanna Employees Credit Union (CHECU) members, a partnership/ merger between SPIRE and CHECU will become effective September 1, 2021.
Founders Willie Traeger and Elmer Kettunen organized CHECU in 1957 to serve the employees of Hanna Mining Company in Keewatin, MN, which is now U.S. Steel. For many years, they operated a small office within the United Steelworkers Union Hall. In 2012, the credit union expanded from an employee-based to a community-based charter, and moved into their current location, a historic early 1900s brick building that originally housed Keewatin’s first bank.
Residents of Keewatin have supported the credit union throughout the years. Kathleen Bottoms, CHECU Board member explains, “When I got my first job, my Dad told me to open an account at the credit union. They gave me my first loan when I was in high school, and my Dad had to co-sign. I bought a 1964 Plymouth, and took a loan for $1,950.”
“CHECU is excited to partner with SPIRE Credit Union,” said Sally Baratto, CHECU CEO, “The partnership will provide enhanced services for our current and future membership, while maintaining the small town, friendly feeling. We are confident SPIRE will be an enduring presence in Keewatin and the surrounding area for years to come.”
“We are excited to serve the residents of Keewatin and the surrounding areas,” said Dan Stoltz, SPIRE President/ CEO, “We are eager to roll up our sleeves and begin work to honor this community, and its 115-year history. Our partnership is a triple win: a win for our employees, a win for our communities, and most of all, a big win for our memberships.”
About SPIRE Credit Union
A full-service financial institution, proudly serving Minnesota and Wisconsin residents since 1934. SPIRE is committed to providing smart products, great rates and excellent service with a goal to improve the financial lives for both personal and business members. SPIRE has 22 branches throughout Minnesota. To learn more about SPIRE, please visit www.myspire.com.
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