Nishna Valley Credit Union Members Approve Merger with Community 1st Credit Union
posted on Thursday, May 20, 2021 in Announcements
OTTUMWA, IA – Community 1st Credit Union in Ottumwa, Iowa announced today that the members of Nishna Valley Credit Union have agreed to merge with Community 1st Credit Union, with nearly 90% of votes cast saying “yes” to merge. Nishna Valley and its members will officially merge and join with Community 1st in October 2021.
Founded in 1957, Nishna Valley CU has been serving members for over 60 years, and currently has approximately 4,900 members and $40 million in assets. The credit union has two full-service locations, one in Creston, Iowa and one in Atlantic, Iowa.
Greg Hanshaw, President and CEO of Community 1st, commented, “This is an exciting opportunity to partner with Nishna Valley and its membership in Western Iowa. I firmly believe Nishna Valley CU and C1st are a great fit and that this will be a very rewarding partnership for all involved. Together, we will be even better.”
TJ Marcsisak, President and CEO of Nishna Valley CU, added, “We believe this is an opportunity that will truly benefit us all. C1st is committed to seeing us thrive. They are a great fit for NVCU members.”
The new combined organization will have over 65,000 members with nearly $1B in assets. With 20 branches throughout southern Iowa, C1st members can expect even greater convenience and continued high-quality member service.