Earthmover Credit Union & Peoples Energy Credit Union Announce Intent to Merge
Subject to Regulatory Approval
CLAWSON, MI – September 27, 2023 – McQueen Financial Advisors provided exclusive financial advisory services.
Earthmover Credit Union (ECU) and Peoples Energy Credit Union are excited to announce their upcoming merger. Peoples Energy Credit Union members will join Earthmover Credit Union’s membership and operate under the Earthmover name.
"Merging with Earthmover Credit Union will allow us to continue acting in the best interest of our members by providing convenient access to a wider range of products and services, better technology and more value, without sacrificing the service you expect and deserve from a credit union, Peoples Energy Board Chairperson Cecilia James said.
About Earthmover Credit Union
Earthmover Credit Union has over $380 million in assets and over 29,000 members, serving the northern Illinois community since 1958.
About Peoples Energy Credit Union
Peoples Energy Credit Union (PECU) was a member-owned, not-for-profit financial cooperative based in Chicago, Illinois. It focused on serving its roughly 1,900 members by providing consumer loans, home equity lines, and competitive savings products.
About McQueen Financial Advisors
McQueen Financial is a nationwide financial advisory firm serving financial institutions since 1999. McQueen advises on ~25% of all Credit Union / Credit Union Mergers nationwide, annually.
Transaction Leads
Dan Martin
Director of Transaction Advisory & Valuation
André Gard
Associate