Metro Credit Union (Metro) and District 8 Highway Employees Credit Union (District 8) would like to announce they have entered into an agreement to merge, subject to District 8’s membership vote and final regulatory approvals. Once combined under the Metro Credit Union name, the credit union will have approximately $80 million in assets and 8,500 members. In addition to other benefits, the merger will provide two more locations for District 8 members and one more location for Metro members.
The boards of both credit unions have approved the merger after carefully considering the impact and benefit to the membership. In addition, both the Missouri Division of Credit Unions and NCUA have provided a preliminary approval.
The members of District 8 will be mailed a packet detailing information for the upcoming vote. If approved, additional information will be sent discussing the conversion, timelines, and provide contact information for assistance.
Both Metro and District 8 will hold monthly meetings to answer questions and address concerns. It will also be a good time to visit with staff and view facilities. The meeting times will be announced at a later date.
The legal merger date and member data conversion are anticipated to occur on April 1, 2019.
Please check the website periodically for updates. Also, here is the link to District 8’s website: www.d8cu.com . If you have specific questions or concerns, please contact us or send an email to email@example.com.
Continuing Credit Union:
Metro Credit Union
Retaining existing branch
Retaining existing employees
Similar focus on service and membership
Access to 2 additional branches
Access to 3 ATMs
30,000+ Surcharge Free ATMs
5,000+ Shared Branches
Increased loan options
Continued focus on service
Additional branch (without drive-thru)
Ability to continue to improve services
“If approved, the merger will provide numerous added benefits to both credit unions with a focus on providing quality service to members. Combining the credit unions will build a stronger organization capable of meeting the changing needs of its membership while maintaining the credit union culture.”
Kevin Stubblefield, President & CEO
Metro Credit Union
“The merger of the credit unions will provide District 8 members with additional services such as: checking, ATMs, and loan products. Metro will continue to provide members with superb service following in the tradition of District 8. The Board of Directors and I are excited for the opportunities this merger will provide our members.”
Stacy Yeary, Manager
District 8 Highway Employees Credit Union