<p>Lakes Area Federal Credit Union to Merge with Members Cooperative Credit Union</p><p>(Duluth, MN) July 28, 2017 Members Cooperative Credit Union (MCCU) and Lakes Area Federal Credit Union (LAFCU) are pleased to announce their merger, effective August 1, 2017. The merger was approved by the National Credit Union Association (NCUA) and by a vote of the membership of Lakes Area Federal Credit Union.</p><p>With similar small-town origins, the two Northern Minnesota-based credit unions will unite over 49,000 members, with enhanced products and services, and an expanded network of credit union locations.</p><p>“Merging with MCCU allows us to continue to serve our members with the great service Lakes Area Federal Credit Union has been known for,” said Matt Rajala, current Board Presiding Officer of LAFCU, “We’re excited to carry on the credit union mission, while offering great new benefits to our members.”</p><p>LAFCU’s Grand Rapids location at 18 NW 4th St. joins MCCU’s branches in Duluth, Cloquet, McGregor, Aitkin Moose Lake, Sandstone, Isanti and North Branch. </p><p>“We are happy to welcome Lakes Area Federal Credit Union members to MCCU,” said Tammy Heikkinen, President and CEO of Members Cooperative Credit Union, “We appreciate LAFCU’s legacy in the Grand Rapids area and look forward to continuing their commitment to member service, while providing even more value and opportunity to our members and employees.”</p><p>About Members Cooperative Credit Union MCCU offers local service, smart financial products and dynamic education programs to its branch communities. MCCU is proud to be the largest credit union based north of the Twin Cities, uniting communities since 1936 and serving its member/owners with more locations than any other credit union in the region. For more information on MCCU, visit membersccu.org or call 218-625-8500 or 1-800-296-8871.</p><p>About Lakes Area Federal Credit Union LAFCU opened in 1953, operating for the purpose of promoting thrift, providing credit at reasonable rates, and providing meaningful financial solutions to its members. LAFCU serves members throughout Itasca County.</p><p>1-800-296-8871 | www.membersccu.org</p>