Embarass Vermillion Federal Credit Union Announces Merger with Northern Eagle Federal Credit Union
Thursday, January 16, 2020
EMBARRASS VERMILLION FEDERAL CREDIT UNION - Embarass, Minn. - (Jan. 15, 2020) - Embarrass Vermillion Federal Credit Union (EVFCU) and Northern Eagle Federal Credit Union (NEFCU) announced today the planned merger of the two credit unions in order to better serve their members. EVFCU, established in 1941 will acquire NEFCU members and the merged businesses will operate under the EVFCU brand.
This is not the first time the two businesses have worked together. NEFCU who opened their doors in 2013, was aided by EVFCU during the planning and receiving of their charter.
“We are excited to serve the Northern Eagle FCU members with a wide array of products and services. The need for financial services in the Nett Lake area prompted NEFCU to reach out to EVFCU to ensure their members gain access to quality financial services at reasonable rates. We will retain all current team members and look forward to the opportunity to grow our membership,” said Roxi Jensen, President and CEO of EVFCU.
The expanded credit union will have approximately 4700 members. Locations in Aurora, Embarrass, Tower, Vermilion and Nett Lake. For more information on services or becoming a member visit www.evfcu.org
Jensen shared the expected date of the merger is January 31, 2020.