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Hiway and Spire Credit Unions to Merge

Hiway Credit Union members have approved a merger with Spire Credit Union.

The vote took place earlier this month with 81.2% of Hiway members approving the decision.

All employees from both credit unions will be retained, and all 26 existing branch locations will remain open. A new entity, with a new name and brand, will be created.

“Our vision is to build the best credit union in the region,” said Spire President/CEO Dan Stoltz in a press release. “With all the support and enthusiasm we’ve experienced, and all the combined talent and resources, we know that we can get there. This is an exciting time for all of us and for our communities.”

The new, combined credit union will boast assets of nearly $4 billion, serve approximately 250,000 members, and employ more than 600 people.

The legal date of the merger is set for January 1, 2024.

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