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2 Minn. credit unions merge


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2 Minn. credit unions merge

In Minnesota, St. Paul-based Employees First Credit Union merged into Woodbury-based Ideal Credit Union, effective Jan. 1, according to a Feb. 1 press release.

The Employees First CU office at 2250 Wabash Ave. in St. Paul will be rebranded and remain open. All Employees First CU workers are now part of the Ideal CU team.

SNL data shows that as of Dec. 31, 2016, Employees First CU had assets of $12.8 million, while Ideal CU had assets of $650.1 million.