More power behind your financial future
We’re uniting with Consumers Credit Union to strengthen our service—for you.
Exciting updates are coming. We’re proud to announce our Intent to Merge with Consumers Credit Union—bringing together two strong, member-first organizations to offer expanded branch access, enhanced digital tools, and more opportunities for those we serve.
Two Partners, One Purpose: Our Members.
The service and commitment you value from Scott Credit Union remains the same. But the proposed merger means our members will have access to expanded branch locations, new products, and more financial experts to help you reach your goals.
By combining our strengths, Scott Credit Union and Consumers Credit Union can invest more directly in what drives us: you.
What This Means For You
It's business as usual. There are no immediate changes to your accounts or services. You can continue using your accounts, cards, branches, digital banking services and other products. We’ll let you know if any action is required in the future, and keep you updated as we pursue the intended partnership.
Why We’re Proposing This Merger
Like Scott Credit Union, Consumers Credit Union is entirely driven by member needs and a shared commitment to community impact. The goal is simple: unite two community-focused, member-first credit unions to form an even stronger financial partner for your life.
If we join together, our members will enjoy:
- Increased branch locations.
- Enhanced access to banking products and services.
- And expanded investment in member service, development, and the other benefits that make our credit unions special.
So, What’s Next?
We’re currently working through the process of coming together. Here’s a look at our roadmap.
Merger Agreement
SignedRegulatory
ReviewSCU Member
VoteTentative Effective
Merger Close:JUNE 2027
The proposed merger remains subject to regulatory approvals and other required steps, including SCU member vote. We’ll continue to update you as the process moves forward.
A Shared Purpose
Four Pillars
Members
More access to trusted guidance, personalized support, and the solutions that help you succeed.
Employees
Continued investment in the talented people who support our members every day.
Community
Building on a shared commitment to financial wellness, local relationships, and meaningful community impact.
Culture
Two member-owned credit unions united by service, trust, and the belief that people helping people makes a difference.
Two Legacies
Built on service, trust, and a commitment to helping members and communities thrive.
One Stronger Team
Shared purpose. Shared values.
Stronger together.
Member FAQs
Are the two organizations merging?
Consumers Credit Union and Scott Credit Union are intending to merge. While both Boards of Directors have approved the proposed merger, it remains subject to regulatory approval, which can take several months and potentially as long as half a year.
Why are the credit unions proposing a merger?
The proposed merger is designed to create a stronger, future-ready credit union with expanded branch locations, deeper banking and digital capabilities and greater capacity to invest in member service, technology, products, employees and community impact.
Do members need to take any action right now?
No. Members do not need to take any action at this time. Your accounts and services continue as they do today, and we will provide advance notice before any future changes require action.
Are my accounts and deposits safe?
Yes. Your accounts remain safe and accessible. Deposits will continue to be federally insured by the National Credit Union Administration (NCUA), just as they are today. Both credit unions are member-owned financial cooperatives, and regular account protections and service standards remain in place.
Will my account number, debit card, credit card, checks or direct deposits change?
Not at this time. Members should continue using their accounts, cards, checks, direct deposits and automatic payments as they do today. If changes are needed in the future, members will receive clear instructions well in advance.
Will Digital Banking or branch access change?
There are no immediate changes to Digital Banking, mobile banking or branch access. Members should continue banking the way they do today. Future updates about systems, locations or service access will be communicated before any changes take effect.
When is the expected merger date?
The expected legal merger date is June 1, 2027, subject to required regulatory approvals, member approval where required and other closing conditions. But again, even at that date, we do not anticipate changes taking place for how you access and utilize your credit union currently.
What approvals are still needed?
The proposed merger remains subject to required regulatory approvals and other required steps, including SCU member vote. We will continue to update members as the process moves forward and more information is available to share.
Will any branches close?
No branches will close as a result of the merger.
How will members receive updates?
Members should rely on official credit union communications, including website updates, emails, branch materials and other approved channels. We will continue to keep members informed as approvals progress and future decisions are finalized.
How can members avoid merger-related scams?
Members should be cautious of anyone asking for passwords, PINs, online banking credentials, one-time passcodes or full account information. The credit union will never ask for that information through an unsolicited call, text or email. If something feels suspicious, members should stop and contact their credit union directly using a verified phone number or website.
For tips on helping prevent fraud, visit Scott Credit Union’s Online Security page at https://www.scu.org/security/
Can members still open accounts and apply for loans during the merger process?
Of course. It is business as usual for SCU and CCU. Members can continue opening accounts, applying for loans and using services just as they do today. We are here to help you now, and we will continue to be here as we move forward together.
Have Additional Questions?
Email [email protected] with questions or feedback regarding our intended merger.