Cobalt Federal Credit Union & Creighton Federal Credit Union Announce Intent to Merge
Subject to Regulatory Approval
CLAWSON, MI – August 1, 2024 – McQueen Financial Advisors provided exclusive financial advisory services.
Creighton Federal Credit Union (Creighton), headquartered in Omaha, Nebraska, and Cobalt Federal Credit Union (Cobalt), headquartered in Papillion, Nebraska, are proud to announce a regulatory-approved merger, effective August 1, 2024. This exciting opportunity, endorsed by both Board of Directors, unites two experienced, member-focused financial institutions.
The newly merged organization will continue under the Cobalt Federal Credit Union brand, serving over 120,000 members with 29 branch locations. With combined assets exceeding $1.3 billion, the organization is well-positioned to provide enhanced services and support. Both credit unions sought a partner whose passion and overall philosophy closely aligned with their own mission, demonstrating shared dedication and loyalty to their teams, members, and communities
About Cobalt Federal Credit Union
Cobalt Federal Credit Union, also federally chartered and governed by the NCUA is locally owned by its members and recognized for its history of impactful community involvement. Charitable giving aligns with our strong belief in the importance of giving back to the communities we serve. Motivated by member service rather than profit, Cobalt’s focus is on providing safety, soundness, and convenience to its members. Cobalt Federal Credit Union is a financial partner for life, helping members with better banking, financial planning, home buying, investing, education planning, retirement planning, commercial banking services, and more. Cobalt serves more than 120,000 members in fourteen counties in Iowa and Nebraska.
About Creighton Federal Credit Union
Creighton Federal Credit Union, federally chartered and governed by the National Credit Union Administration (NCUA), delivered full-service retail banking to its member-owners since 1952. Membership primarily included individuals from the Creighton University, CHI, Catholic parishes, various religious organizations, and a wide array of businesses
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
Noah Erxleben
Associate