FOR IMMEDIATE RELEASE
Proctor Credit Union Announces Membership-Approved Merger with Centricity Credit Union
Proctor MN – 11/20/2024 – Proctor Credit union is pleased to announce that its members have overwhelmingly approved the merger with Centricity Credit Union. This strategic partnership will enhance our ability to provide exceptional financial services and benefits to our members.
The merger, which was approved by a significant majority of the membership, is set to bring together the strengths and resources of both credit unions, creating a stronger, more resilient financial institution. The combined entity will operate as an affiliate of Centricity Credit Union, known as Proctor Credit Union and will continue to serve the communities with the same dedication and commitment to member service.
Key Benefits of the Merger:
- Expanded branch and ATM network for greater convenience.
- Enhanced product and service offerings.
- Improved technology and digital banking solutions.
- Strengthened financial stability and growth opportunities.
As part of this merger, we will be undergoing a systems conversion scheduled for early May. This conversion is a critical step in integrating our operations and ensuring a seamless experience for all members. During this period, there may be temporary service
Important Dates to Remember:
- Systems Conversion: Early May
- Service Interruptions: TBD
We are committed to keeping our members informed throughout this process. Detailed information and updates will be provided via our website, email communications, and in-branch notices.
"We are excited about the opportunities this merger brings to our members and our community. By joining forces with Centricity Credit Union, we are positioned to offer even greater value and service. We thank our members for their trust and support during this transition," said Dave Horak President /CEO of Proctor Credit Union.
For more information, please visit our website at www.proctorfcu.com or contact us at 218-624-5761
About Proctor Credit Union has been serving the Proctor. Duluth and Hermantown Communities, established in 1938. With a commitment to providing exceptional financial services, we offer a wide range of products and services designed to meet the needs of our members.
About Centricity Credit Union has a rich history of serving the St. Louis, Carlton, Pine, Lake and Douglas Counties in Minnesota and Wisconsin and is dedicated to helping members achieve their financial goals through personalized service and innovative solutions.
Media Contact: Doug Ralston President / CEO Centricity Credit Union 218-729-7733 dralston@centricity.org.
