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Soo Select CU, Pennington Municipal & County Employees CU complete merger

In Thief River Falls, Minn., Soo Select CU completed its merger with Pennington Municipal & County Employees CU.

The acquisition was effective July 1, according to a July 20 report by the State of Minnesota Division of Financial Institutions, which was recently obtained by S&P Global Market Intelligence.

The National Credit Union Administration approved the deal in May.

As of June 30, Soo Select CU had $13.4 million in assets, while Pennington Municipal & County Employees CU had $1.6 million in assets.