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Illinois CU Expands Into Wisconsin Via Merger of Ailing CU

Great Lakes FCU takes over Milwaukee CU hit by Central States collapse.

By Jim Rubenstein | Updated on October 04, 2011

It’s been a big year for mergers – four of them – for the $540 million Great Lakes FCU in North Chicago, Ill., with the latest providing a toehold into the Milwaukee, Wis. market.

“Yes, we have tried to be supportive to small credit unions that experienced capital problems and look to us for help,” Vikki  I. Kaiser, president/CEO of Great Lakes, said of the consolidation of the long-troubled $11 million Federated Family CU of Milwaukee approved last week by the NCUA.

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