Press

Great Lakes Credit Union merges with Chicagoland Electrical Industry Credit Union

(October 7, 2013) — Great Lakes Credit Union (GLCU), North Chicago, IL is excited to announce a merger with Chicagoland Electrical Industry Credit Union (CEICU), Willow Springs, IL. Both GLCU and CEICU have the same philosophies and share a mutual commitment to members, employees, and communities.

CEICU members will immediately realize the economies of scale a larger financial institution can provide as GLCU offers a wide variety of financial products and services, some of which are not currently available to CEICU members.

Nancy Ortiz, CEO of Chicagoland Electrical Industry Credit Union, said “the decision to merge is the result of a need to provide our members with better financial services. We are merging to offer a more extensive range of products, increased level of service, and the added convenience of improved account accessibility.” Ms. Ortiz also commented, “Great Lakes Credit Union has strong “member focus”, leadership and vision for the future, and will help our members achieve their goals and grow financially.”

GLCU will now have assets over $650 million and serve more than 56,000 members in Lake, McHenry, DuPage, Kane, Kendall, Will and parts of Cook Counties in Illinois, plus Kenosha County Wisconsin.

Vikki Kaiser, President/CEO of Great Lakes Credit Union, said “GLCU is very excited that our two credit unions will merge to form a bigger, stronger financial institution. We will continue to stress the importance of member convenience during this transition.” Ms. Kaiser also noted, “GLCU will remain committed to the tradition of developing innovative products and services which we believe relevant to both current and new members”.

---