New Horizon Credit Union Merges with U of I Community Credit Union
Champaign, IL – At a special membership meeting held on February 5, 2022, the members of New Horizon Credit Union (NHCU) in Danville, Illinois, voted to merge with the University of Illinois Community Credit Union (UICCU). The merger officially took place on May 1, 2022.
NHCU began serving its members in 1946. At the time of the merger, NHCU had over 1,300 members and more than $14 million in assets. UICCU has more than $490 million in assets and serves more than 46,000 members. UICCU is maintaining the branch located at 1019 E. Fairchild Street in Danville and has incorporated NHCU staff as UICCU employees.
The merger will provide the members of NHCU continued value with access to more products and services, enhanced technology, and competitive rates, all while maintaining local service and ownership. “It’s exciting to welcome the members of New Horizon Credit Union. This opportunity allows us to reach more members and do more good in the Danville community” said Chris Harlan, UICCU President and CEO.
U of I Community Credit Union is a not-for-profit, member-owned cooperative that provides a wide range of financial products and services to anyone who lives or works in Champaign, Ford, Piatt, Douglas, Vermilion, Coles, Dewitt, Edgar, Iroquois, Moultrie, and Sangamon, IL counties as well as University of Illinois employees, Carle employees and other select employee groups. UICCU was named one of the 2017, 2018, 2019, 2020 and 2021 Best Places to Work in Illinois, 2019 and 2020 Best Credit Unions to Work For and 2019 Tops in the 217 Winner for Banks/Credit Unions. To learn more, visit uoficreditunion.org.