The $34.6 million Ace Community Credit Union in Ames, Iowa, intends to merge into the $389 million Community Choice Credit Union in Johnston, Iowa.
The boards of directors for both cooperatives approved an intent to merge agreement on Jan. 3, according to a joint statement.
"We explored many options and a partnership with Community Choice Credit Union was the best strategic decision for us, and also a great opportunity for our members," said Timothy Wallen, Ace Community president/CEO.
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