Electric Energy Inc. Employees CU votes to merge with Vibrant CU
MOLINE, IL (September 21, 2017) — The Metropolis-based Electric Energy Inc. Employees Credit Union has officially passed a vote to merge with the Moline-headquartered CU.
“This rebranding and merger represents new energy and excitement for our members.,” Maxine Russell, Electric Energy Inc. Employees CU current President and CEO shares. “ We want to make sure that our members are given the best financial experiences available and by utilizing Vibrant’s resources Electric Energy Inc. Employees CU will be able to expand more offerings to our membership. ”
The near $600 million Vibrant Credit Union headquartered in Moline, IL will officially begin its merger with the $1.941 million Electric Energy Inc. Employees CU in October with plans to complete the transition before the end of the year. Electric Energy Inc. Employees CU will become part of Vibrant CU and its corporate office will move into the Moline, IL headquarters of Vibrant CU.
“Vibrant is excited to share our culture and state of the art technology with Electric Energy Inc. Employees CU’s membership, ” Matt McCombs, President and CEO of Vibrant CU, said. “This is an exciting time and we believe we can really focus and improve financial opportunities and innovations to enhance the overall member experience.”
Vibrant has been recognized as one of the top Credit Unions to Work for in the United States and the top place for Young Professionals to work in the Quad Cities. All former Electric Energy Inc. Employees CU staff are given the opportunity to join this award winning team.
Financially speaking, as of July 2017 Vibrant’s assets have grown to over $600 million and Vibrant ranks in the top 8% in the country for overall return on member value. Focusing on relationship banking and plenty of humor, Vibrant has been recognized as a true partner to its communities and membership in proving there is a better way to bank.
About Vibrant Credit Union
Vibrant Credit Union offers personal and business banking services, along with a full line of insurance services. It delivers these services from 17 locations throughout the greater Moline, Illinois area. Vibrant also makes banking convenient via online and mobile services. The credit union was founded in 1935 on the principle of treating members’ money as if it were its own. Today, Vibrant’s more than 200 employees serve 48,000 members and growing. Visit www.vibrantcreditunion.org or call 800.323.5109.
