Things are about to look a little more Vibrant in Danville, IL as First Illinois Credit Union passed a vote to merge into Vibrant Credit Union.
“When I look back to when I started here 12 years ago, there have been an abundance of changes and transformations,” John Hegg, First Illinois’ current President and CEO shares. “From multiple mergers, new branches and a growing charter, I am proud to say that our organization has continually looked for ways to add value to our members. This opportunity with Vibrant is no different.”
The $598.5 million Vibrant Credit Union headquartered in Moline, IL will officially begin its merger with the $50 million First Illinois Credit Union, headquartered in Danville, IL in July with plans to complete the transition in October. First Illinois will become part of Vibrant CU and its corporate office will move into the Moline, IL headquarters of Vibrant CU.
First Illinois’ three branch locations will remain open, becoming Vibrant locations in October. "Vibrant is happy to share our state of the art technology and one of a kind culture with new additions to our staff and membership,” Matt McCombs, President and CEO of Vibrant CU, said. “We’re living proof that banking is serious, but it doesn’t have to be boring. We can’t wait to introduce this philosophy and culture."
Vibrant has been recognized as one of the top 5 Credit Unions to Work for in the United States and the top place for Young Professionals to work in the Quad Cities. All former First Illinois staff are given the opportunity to join this award winning team.
Financially speaking, as of May 2017 Vibrant’s assets have grown to almost $600 million and Vibrant ranks in the top 8% in the country for overall return on member value. Using a heavy relationship sales approach and plenty of humor, Vibrant has been recognized as a true partner to its communities and membership in proving there is a better way to bank.