BETENDORF, Iowa – Ascentra CU announced it has agreed to merger with the smaller Members Choice Community CU in Clinton, creating a $245 million credit union, the state’s fifth largest.
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The combination has been approved by state regulators and is expected to take about five months to complete.
Ascentra CU, with more than $190 million in assets, was known until 2007 as Alcoa Employees & Community CU. Members Choice Community CU, with more than $50 million, was formerly Clinco Community CU.
