RANTOUL, Ill. – Credit Union 1, the biggest credit union in central Illinois, said it has agreed to acquire two tiny credit unions, Douglas CU and J.W. Hobbs CU.
Douglas CU is based in Tuscola and serves fewer than 300 members and has less than $400,000 in assets. J.W. Hobbs CU, based in Springfield, also serves about 300 members and has about $575,000 in assets.
Credit Union 1 has $520 million in assets and more than 90,000 members.
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