MidWest America Federal Credit Union (MWAFCU) has agreed to a partnership with Land of Lincoln Credit Union (LLCU) that will give LLCU ownership of MWAFCU’s Mattoon, Illinois branch located at 500 Lake Land Boulevard.
Under this agreement, LLCU will take over branch operations at the Lake Land Boulevard location effective August 2nd, 2021. LLCU will retain all current MWAFCU staff and provide membership opportunity for MWAFCU’s nearly 3,000 Mattoon, IL members.
The partnership formed from a strategic decision by MWAFCU to exit the Mattoon, Illinois market. Currently, MWAFCU operates a significant number of branches in Indiana, Kentucky & Illinois.
LLCU already has a strong presence in the Mattoon community with a branch located at 720 Broadway that has been open and serving members for over 10 years. They are an active community partner in Mattoon, making an abundance of donations and sponsorships to various non-profit and civic organizations, throughout the Mattoon-Charleston area.
“It was extremely important to us at MWAFCU to find a partner that we knew would be committed to both our existing Mattoon staff, as well as our valued Mattoon members,” stated Greg Mohr, MWAFCU President & CEO. “LLCU has a proven track record of being dedicated to the residents of Mattoon. We immediately knew it was the right organization to partner with for this transition.”
Current members of MWAFCU of Mattoon will be presented the opportunity to become a member of LLCU beginning in mid-May. Staff from both credit unions will be on-site at the Mattoon branch to assist members with this transition.
“We could not be happier to welcome our new teammates and members to LLCU’s family,” said Robert Ares, LLCU President & CEO. “LLCU is dedicated to not only serving our members financial needs, but also supporting the Mattoon community, schools, non-profit, and civic organizations. We believe this philosophy to which we subscribe will help our new members to feel comfortable very quickly with being a part of the LLCU family. We will also work very hard to make this transition for members, and staff, as smooth and seamless as possible.”
The MidWest America Federal Credit Union Mattoon branch will cease operating as MWAFCU as of Friday, July 30th, 2021 at 12:00p.m.(CST). The branch will re-open as Land of Lincoln Credit Union officially on Monday, August 2nd, 2021 at 8:30a.m.
For more information on this partnership, please visit www.llcu.org/information/mwafcu