Heart of the Lakes Credit Union, Central Minnesota Credit Union to merge
Following a vote by its membership on July 12, Heart of the Lakes Credit Union recently announced that it would merge with Central Minnesota Credit Union.
The merger is anticipated to be effective on October 1, 2011. In conjunction with the merger, President/CEO Harold Siirila will retire as planned after 36 years of service.
The New York Mills and Perham branches of Heart of the Lakes Credit Union will operate as the Heart of the Lakes branches of Central Minnesota Credit Union. Members of the credit union will receive updates as the merger process progresses.
"This merger will fortify an informal relationship between the two credit unions that has lasted more than 30 years," Siirila said.
"We look forward to offering members of the Heart of the Lakes branches the same great service to which members are accustomed," said Rick Odenthal, president and CEO of Central Minnesota Credit Union. "Both credit unions have a long history of providing financial products to residents of rural Central Minnesota."
Central Minnesota Credit Union is a 72-year-old member-owned, financial cooperative that offers a complete line of financial services at branch offices located in Melrose, Albany, Grey Eagle, Freeport, Paynesville, Sauk Centre, St. Joseph, Cold Spring, Long Prairie, Avon and Belgrade as well as online at myCMCU.org or by phone.
Membership is open to persons who live, work, worship, volunteer or attend school in, and businesses and other legal entities located in Stearns, Meeker, Kandiyohi, Pope, Douglas, Grant, Otter Tail, Wadena, Todd, Morrison, Benton, Sherburne and Wright counties, or to persons who are immediate family members of credit union members.