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CU System
CU System briefs (03/26/2010)
* IOWA CITY, Iowa (3/29/10)--Members of the Hiawatha, Iowa-based Best of Iowa Community CU (BICCU) voted last week to merge with the Iowa City-based University of Iowa Community CU (UICCU), said theIowa City Press-Citizen (March 24). UICCU CEO Jeff Disterhoft told the publication the merger--which has been discussed informally since last fall and approved by the boards of both credit unions--will begin immediately and should be completed by Aug. 1. BICCU has two branches and 22 employees, who will be retained after the merger to keep both branches open. The additions will bring UICCU's branch total to 10. BICCU, with assets of $44.9 million, serves about 4,500 members while the $897 million asset UICCU serves about 67,000 members ...


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