NuMark Credit Union Collaborative Merger with NorthStar Credit Union
Enriching the financial lives of our members is the mission that we live every day. We are your single source for all things financial and our focus is to provide the best financial services that help our NuMark Family and those in our communities do more with their money. The Board of Directors and Leadership Team of NuMark Credit Union are excited to announce that our NuMark Credit Union Family is growing with our intent to merge with NorthStar Credit Union and become one family.
Both NuMark CU and NorthStar CU share similar values, philosophies and commitments to their histories and the communities they serve. We are passionate about serving our communities and helping our members achieve their financial dreams. Together, we would be able to continue to provide the best-in-class financial services that will enhance the financial lives of our larger NuMark Family.
Rest assured. Unlike a traditional bank merger, this is not a buyout or acquisition. This merger represents a partnership between two financially-strong credit unions that are committed to their members’ needs. As a combined organization, we have the opportunity to implement best practices from both credit unions, take advantage of economies of scale, and enrich the financial lives of more members. Our joint assets would be approximately $500 million and would provide twice as many branch locations in the communities we serve. Additionally, this merger would significantly increase our efficiency allowing us to give back more to our members and the community.
This is an exciting time for our NuMark Family. We will keep you informed as we make progress on this strategic partnership. We will be making a public announcement on August 13, 2020. In the meantime, please visit numarkcu.org to see answers to Frequently Asked Questions (FAQs) regarding the merger. If you have additional questions after reviewing those FAQs, please contact us at 815-729-3211.
Ann M. Dubie
President & CEO