Argonne CU Acquires Prairie Trail CU
ROMEOVILLE, Ill. – Argonne CU said it has agreed to merge into it Prairie Trail CU, a $70 million credit union in nearby Joliet, to create a $280 million credit union.
Members of the smaller Prairie Trail CU last week voted to approve the merger. Both credit unions are healthy and reported net income for the first half of the year.
Brian Cedergren, CEO of Argonne, will be the president of the combined credit union, and Matt Thraen, Prairie Trail CU CEO will be the president of the Joliet division.