The Board of Directors of Bell Community Credit Union of Alton has entered into a merger agreement with GCS Credit Union, one of the largest credit unions in the Metro East area.
Approval of the merger was granted by the credit union’s regulatory agencies, the Illinois Department of Financial and Professional Regulation and the National Credit Union Administration. All employees of BCCU have been retained and will continue to serve members through that location.
“BCCU has served its membership well for over 80 years and we are honored to be chosen to continue financial services to the membership of BCCU,” GCS Credit Union president Keith Burton said. “We will continue the credit union philosophy of ‘people helping people’ that has made GCS successful for almost 75 years.”
The Bell Community Credit Union is a nonprofit community-based financial institution established in 1940 originally to serve Illinois Bell Telephone employees from Alton to Cairo.
“The merger will bring added benefits to members of both credit unions,” Burton said. “Current BCCU members will see expanded products and services while current members of GCS will be able to use the new location in the Alton area. GCS will now have eight Metro East locations.”
Founded in 1941 out of a single Granite City branch, GCS Credit Union, with approximately $309 million in assets, now serves more than 41,000 members. Branches can be found in Edwardsville, Granite City, Collinsville, Madison, Pontoon Beach, O’Fallon and Alton. GCS offers convenient options for checking and savings accounts as well as personal, auto and home equity loans. Members can also stay up to date on their finances 24/7 through ATM locations, a telephone audio response system, PCU online banking, and by visiting www.mygcscu.com.