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Summit Credit Union, State Central Credit Union Merger Plans Forge Ahead

For more information, contact:
Rebecca Gerothanas, Summit Credit Union
(608) 243-5000 ext. 4700
rebecca.gerothanas@summitcreditunion.com

Jim Coraggio, State Central Credit Union
(414) 778-1000
jcoraggio@statecentral.com

The move to merge Summit Credit Union and State Central Credit Union garnered approval from the State Central Credit Union membership as well as regulatory approval from the Wisconsin Department of Financial Institutions and the National Credit Union Administration (NCUA).

 The merger is anticipated to become effective June 30, 2010; systems and products will be converted on September 1, 2010, at which time members of both entities will be able to begin using all branch locations. 

About State Central Credit Union:

Established in 1948, State Central Credit Union serves 8,600 members and holds $68 million in assets with a total of 4 locations in the Milwaukee and West Bend areas. For more information, visit www.statecentral.com   

 

About the Summit Credit Union:

Established in 1931, Summit Credit Union is a member-owned financial cooperative open to anyone in Wisconsin.  Summit holds $1.4 billion in assets and has more than 108,000 members with a total of 20 locations throughout the Madison and Milwaukee areas.   For more information, visit www.summitcreditunion.com or call (608) 243-5000 or (800) 236-5560.


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