Heartland and United Credit Union announce intent to merge
Oct. 18, 2022
Heartland Credit Union and United Credit Union of Ness City announce their intention to merge. The Boards of Directors of both credit unions agreed this partnership creates great opportunity and value for the combined memberships.
The merger would create a credit union with over $600 million in assets and 37,000 members. One branch in Ness City will join the nine HCU branches in Hutchinson, Haven, Hays, Newton, and Wichita, including the Salthawk Center branch inside Hutchinson High School. The combined credit unions will operate under the Heartland Credit Union name and leadership team.
Initial discussions regarding a potential merger began late in the summer of 2022. The United Credit Union Board has been looking for ways to provide higher-quality products and services to their members, which a partnership with a larger credit union could provide. Additionally, United Credit Union Manager Sandy Reinert has been ready to retire for quite some time, and the United Board has not been successful in finding the right person to lead the credit union. Reinert will stay on through the merger, and all other United Credit Union employees will be retained.
“We are honored to have the opportunity to welcome United Credit Union members to Heartland,” said Dan Springer, Heartland Credit Union President/CEO. “We look forward to joining the community of Ness City and providing their members with excellent service and value through our wide range of financial products and services. The merger also provides HCU the opportunity to expand our coverage area, better serving the growing number of Heartland members in western Kansas.”
The merger is contingent on final due diligence and regulatory approval. The merger should take place in the first quarter of 2023.