LA CROSSE, Wis. -- Marine Credit Union announced Monday that it has completed its merger with United Service Community Credit Union.
Marine CU has $580 million in assets, with locations in Iowa, Minnesota and Wisconsin. United Service Community CU, with $40 million in assets, was based in West Des Moines, Iowa, and served more than 4,000 members across Dallas and Polk Counties.
The combined institution will have more than $600 million in assets and serve more than 54,000 members across 20 locations.
"Marine Credit Union is committed to providing people in the communities we serve with the offerings, assistance and individualized service that other financial institutions do not," said Marine CEO Shawn Hanson in a statement. "While the credit union serves all members of the communities in which it operates, it is especially focused on serving the underserved -- people who may have been turned away from other banks or credit unions because of past financial challenges."
Mary Jo Healey, former CEO of United Service Community, will stay on with Marine CU as market manager of the Des Moines region.
"We are excited to continue serving our members as Marine Credit Union. We share a commitment to providing exceptional member service," Healey said. "This merger will add value for our members through additional product offerings and enhanced services, which will benefit the entire Des Moines community – especially people who struggle to find the financial assistance they need to get ahead. The support and resources of an organization that is growing and thriving will also provide training, development and career opportunities for our employees."
Marine CU added that all seven employees of the former United Service Community CU have been retained and remain located at the branch in West Des Moines.
Marine CU now employs almost 400 people throughout Iowa, Wisconsin and Minnesota.
"We are already planning for expansion in the Des Moines market and have begun identifying additional office locations to serve even more people," said Hanson. "We are always looking for leaders to join our team who want to make a difference and build a rewarding career while doing so. As we expand our presence in Des Moines, we are actively seeking candidates to fill a number of management and lending roles."
