Simplicity merges with Neenah credit union
For the Hub City Times
MARSHFIELD – Simplicity CU, Marshfield, recently announced that the members of CONE Credit Union, Neenah, voted to approve a proposed merger between the two credit unions, effective July 1.
“At a membership meeting held on June 21st, 2021, results of the merger vote were announced to the CONE membership, with 83 percent of those who voted approving the merger plan,” a Simplicity release stated.
“First and foremost,” said Mike Mehlberg, CONE Credit Union president/CEO. “I want to thank the members of CONE Credit Union for their tremendous show of support…. The last several months have been quite a journey, and our work together is really just beginning.”
“CONE Credit Union’s current staff and the location at 219 W. Cecil Street, Neenah will remain in place to serve members in Neenah and the surrounding areas and welcome new members with an expanded field of membership that includes anyone living or working in Brown, Calumet, Outagamie, Fond du Lac, or Winnebago counties,” the release added.
In his address to the CONE membership at their June 21 meeting, Simplicity President/CEO Nick Faber said, “From the very beginning of this merger process, I saw not two different groups, but one team composed of CONE and Simplicity people, all dedicated to the goal of making life better for their members… I’m incredibly pleased to be able to welcome you all, officially, to the Simplicity Family.”
Plans call for the Neenah office to be refreshed over the summer with the Simplicity CU name and brand and the integration of all member accounts onto one computer system, tentatively in November 2021. An open house is planned for later in 2021.
Headquartered in Neenah, CONE Credit Union was chartered in 1959 to serve city of Neenah Employees. That field of membership expanded to anyone living or working in Brown, Calumet, Outagamie, Fond du Lac, or Winnebago counties. As of June 30th, the credit union served around 1500 members.
Headquartered in Marshfield, Simplicity CU currently serves more than 25,000 members from locations in Marshfield, Stevens Point, Plover, Neillsville, and online at simplicity.coop.