Great Lakes Credit Union acquires 2 branches

BANNOCKBURN - Great Lakes Credit Union said it acquired two branches as part of a merger with McHenry County Federal Credit Union.

Terms of the acquisition were not announced.

The Crystal Lake branch, 345 E. Congress Parkway, has reopened as GLCU. The branch in Woodstock closed Aug. 20, and a new GLCU branch will be open later this month at 180 S. Eastwood Drive, next to the McDonald's, across from Jewel-Osco on Route 47.

"We are excited to be increasing our exposure into McHenry County as all of our members benefit from an expanded service area and additional fee free ATMs," says Vikki Kaiser, president/CEO of Great Lakes Credit Union. "We also look forward to providing our newest members with our value added financial products and services, as well as access to our growing collection of financial tools and consumer education."

The Crystal Lake branch is open to the public as will be the new Woodstock branch.

"The new Woodstock branch is in a more accessible location. It will feature a secure walk-up ATM and a night drop box. We anticipate it will open for business toward the end of September," Kaiser said.

With the latest merger complete, GLCU has just under 70,000 members and is more than $720 million in assets. The credit union is headquartered in Bannockburn and has 12 branches located in Antioch, Bolingbrook, Country Club Hills, Crystal Lake, Gurnee, Naperville, North Chicago, Oak Lawn, Round Lake Beach, Waukegan, Willow Springs, and Zion. When Woodstock opens, GLCU will have 13 branches.