Press

Great Lakes Credit Union Merges with Thornton Township HS Credit Union

(August 2, 2013) — Great Lakes Credit Union (GLCU), North Chicago, IL is excited to announce a merger with Thornton Township HS Credit Union (Thornton), South Holland, IL. Both GLCU and Thornton have the same philosophies and share a mutual commitment to members, employees, and communities.

Thornton 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 Thornton members.

Nancy Kunke, CEO of Thornton Township HS 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. Kunke 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 of $643 million and serve over 54,000 members in Lake, McHenry, DuPage, Kane, Kendall, Will and parts of Cook Counties in Illinois, plus Kenosha County in 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”.

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