The $3.1 million, 626-member Ellsworth Federal Credit Union and $409 million Golden Plains Credit Union intend to merge. The merger is expected to be completed this year.
"It’s a wonderful opportunity for both credit unions,” said Member-President at Golden Plains Credit Union, Erich Schaefer. "Ellsworth FCU provides excellent service and we feel fortunate to be joining the community through this merger.”
Ellsworth Federal Credit Union was established in 1948 and serves members of the Ellsworth Coop, the Holyrood Coop, and members of the Ellsworth Area Arts Council.
"We are coming together to expand services and lending opportunities in Ellsworth. We will also provide administrative support for EFCU in today’s challenging compliance and regulatory environment,” Schaefer said.
The two current EFCU employees are planning to remain at the credit union. "I was impressed with the level of service and knowledge that Tonya and Mary provide. It is a tremendous advantage that they are planning to stay with the credit union after this process is completed. I look forward to working with them," said Schaefer. An additional staff member will also be added in Ellsworth.
Golden Plains Credit Union has been in existence since 1951 and serves anyone who resides in Central or Western Kansas, the Liberal trade area and members of the Friends of Lee Richardson Zoo. GPCU has 165 employees and serves 56,500 members with 10 locations throughout Central and Western Kansas. Full service offices are located in Garden City, Ulysses, Quinter, Phillipsburg, Liberal, Lakin, Hays and Hesston.
"We are confident that EFCU members will appreciate the extensive array of products and services that will be offered in Ellsworth, along with finding great value in our web site and Golden Plains Online,” said Schaefer.
GPCU’s products and services include:
Golden Rewards Checking - FREE Checking account with no minimum balance required and no maintenance fees that pays 2.26% APY1 up to $25,000, with nationwide ATM refunds when monthly requirements are met.
VISA Credit Cards – our low rate VISA Credit Cards have no annual fees. Our Golden Rewards Credit Card gives you up to 1% cash back on your purchases automatically. Our cards are handled locally so you can simply drop off your payment or call us with questions. For a limited time, you can enjoy 0% APR2 on a new GPCU credit card for 7 months and on balance transfers.
Auto Refinance Special – Refinance your auto loan and you could lower your current rate by 2%, with no payments for 90 days, with rates as low as 1.99% APR3.
No-fee Home Equity Loan with a low rate of 1.99% APR4 thru 6.29.14. You can use the money any way you choose!
Golden Plains Online – enjoy access to account information 24/7, with FREE Bill Pay.
Looney Tunes Savings Club – Children’s savings account up to the age of 14.
CU Succeed Scholarship Program - $500 scholarships for members to attend any college.
Consumer loans – we offer competitive rates, with a variety of loan options to fit your needs.
Commercial loans - GPCU offers operating, land, and real estate loans for a variety of business purposes.
"I believe Ellsworth is a progressive community. It enjoys a strong industrial base coupled with small town values and work ethic. This is the type of market in which the credit union can thrive,” said Schaefer. "I can hardly wait to join EFCU and begin serving the financial needs of Ellsworth far into the future.”
To find out more about Golden Plains Credit Union and the products and services we offer visit our web site at www.gpcu.org or call us toll-free at 1.800.825.7661.
Golden Plains Credit Union is a full-service financial institution, owned and controlled by its members. Golden Plains has 10 locations throughout Central and Western Kansas, with approximately 56,500 members and $409 million dollars in assets. 1 Annual Percentage Yield. ATM refunds up to $25 per month and rewards rate when you complete the following monthly requirements: 10 VISA Check Card transactions, accept e-Statements and log-on to GP Online.
2 Annual Percentage Rate. 0% rate is good on all new GPCU credit cards for the first 7 months. After 7 months, the rate will revert back to the standard interest rate.
3 Annual Percentage Rate. Offer applies to loans financed at another lender. Certain restrictions apply.
4 Annual Percentage Rate. 1.99% APR is a promotional rate available thru 6.29.14 on all new, approved home equity lines of credit. After 6.29.14, the rate, terms and conditions as stated in member’s Home Equity Plan Disclosure will apply. Certain restrictions apply.