Two financial institutions are becoming one as St. Joseph-based United Federal Credit Union is acquiring Edgewater Bank. United president and CEO Terry O’Rourke says it will be “all about community” and both want to continue their focus on “local decision making, local investment and local involvement.” Edgewater president and CEO Rick Dyer says the two share core values and have similar cultures, and “that’s why we are calling this partnership the ‘Real United’ campaign.” Dyer will remain with United Federal Credit Union as community president once the transition wraps up. Edgewater’s Buchanan location will be the only one to close due to how close it is to United, and its employees will be consolidated into the United branch. The deal is expected to be complete next spring.
Full story at: https://www.wsjm.com/2020/10/27/united-federal-credit-union-taking-over-edgewater-bank/