Ignite Credit Union & Latvian Heritage Financial Credit Union Announce Intent to Merge
Subject to Regulatory Approval
CLAWSON, MI – September 10, 2024 – McQueen Financial Advisors provided exclusive financial advisory services.
Ignite Credit Union is thrilled to announce our plans to add Latvian Heritage Federal Credit Union (Latvian Heritage FCU) to our Ignite family, pending a membership vote. If approved, we will add 390 new members and $3.1 million in assets.
“We are very excited about the possibilities that partnering with Latvian Heritage Federal Credit Union will bring,” said Kristopher Lewis, CEO of Ignite Credit Union. “We are both dedicated to supporting the financial well-being of our members and communities. By joining forces, we can create greater value and opportunities for those we serve.”
About Ignite Credit Union
Ignite Credit Union is the recent culmination of Allegan Credit Union and Rivertown Community Federal Credit Union, two credit unions that formed a partnership to serve their members, employees, and communities more effectively. Both credit unions share blue-collar roots and believed that by joining together they could do more than either of them could do alone. Uniquely each credit union has maintained its individual brands under the umbrella credit union created in Ignite.
About Latvian Heritage Financial Credit Union
Latvian Heritage Federal Credit Union (Grand Rapids, MI) is a small financial cooperative established in 1963 to serve the Latvian community, holding approximately $3 million in assets and roughly 332-390 members.
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
Christian Abelarde
Vice President