First Choice Credit Union in Ottawa merges with Illinois State Credit Union

First Choice Credit Union of Ottawa and Illinois State Credit Union of Normal announced Wednesday they will be merging into one institution.

The business name moving forward will be Illinois State Credit Union after the boards and members of each credit union agreed the partnership was a good opportunity.

“While First Choice Credit Union is financially strong, the opportunities and efficiencies afforded by merging with a larger organization are undeniable,” First Choice said in a press release. “A merger with Illinois State Credit Union will create a combined organization of over $200 million in assets with five branch locations to serve you.”

Benefits of the merger include better service to members, expanded products and services, improved technology, more competitive loans and deposit rates and employment opportunities.

The merger is effective starting Monday, Oct. 4.