NuMark Credit Union and NorthStar Credit Union Announce Merger

Media Contact: Jessica Richardson, Infusion Group

Phone: 734-552-5192

Email: Jessica@in-fusiongroup.com

Joliet, Illinois – The Boards of Directors and Leadership Teams of NuMark Credit Union and NorthStar Credit Union have announced their plans to merge pending a favorable NorthStar Credit Union membership vote. The two organizations have been working on the merger for several months and recently received regulatory approval from both the Illinois Department of Financial and Professional Regulation (IDFPR) and the National Credit Union Administration (NCUA).

Upon membership approval, the newly-formed credit union would have a strong branch presence in the greater Chicago area, offer members convenient digital banking solutions, and have combined assets exceeding $500M in assets.

NuMark and NorthStar, both ranked in the Top 200 Credit Unions in America for their excellent financial health by DepositAccounts.com, share similar values, philosophies and commitments to the communities they serve, and both believe passionately in helping members achieve their financial dreams. The merger between NuMark Credit Union and NorthStar Credit Union would create an organization better positioned to navigate the ever-evolving financial services industry and provide more resources to invest in the credit union's membership and community.

"Enriching the financial lives of our members is the mission that we live every day. We are your single source for all things financial and our focus is to provide the best financial services that help our NuMark Family do more with their money. This is an exciting time for our NuMark Family as we look to the possibility of merging with North Star Credit Union to become one family," said Ann M Dubie, President & CEO of NuMark Credit Union. "Together, we would be able to continue to provide the best-in-class financial services that will enhance the financial lives of our larger NuMark Family."

Lloyd Fredendall, President/CEO of NorthStar, adds, "At NorthStar Credit Union, our members come first in all that we do. Without a doubt, this truly collaborative partnership would provide an opportunity to elevate member experience and to enhance member value across the board. Together the new organization will have an expanded branch network and have the ability to invest in technology and service capabilities that will meet the demands of today's consumers and support the growth of the credit union well into the future."

If the merger is finalized, Lloyd Fredendall will become the Chief Executive Officer of the combined organization as of the effective merger date. Ann Dubie would remain the President of NuMark until her retirement on or before December 31, 2020, at which point Fredendall would assume the position of President & CEO.

For more information and updates as the merger process moves forward, members can visit the credit unions' respective websites (www.numarkcu.org and www.nscu.org).

NuMark Credit Union
NuMark Credit Union is a not-for-profit financial cooperative. Serving those who live or work in Northeastern Illinois and Northwest Indiana. They have offices in Joliet, Crest Hill, Countryside, Tinley Park, and New Lenox. They have been serving members for over 65 years. See NuMark Credit Union for auto loans, mortgages, checking accounts, business services, and more. For more information, call (815) 729-3211 or visit numarkcu.org. Federally insured by the NCUA. Equal housing opportunity lender.

NorthStar Credit Union
For nearly 50 years, NorthStar Credit Union has been helping local individuals, families and businesses throughout Northern Illinois achieve financial success. They have offices in Aurora, Chicago [Bridgeport], Plainfield, Warrenville, and onsite at the Naperville BP employee campus. NorthStar is a full-service, not-for-profit financial cooperative, offering consumer and business products and services designed to help you meet your financial goals. For more information, call (630) 393-7201 or visit www.nscu.org. Federally insured by the NCUA. Equal housing opportunity lender. Equal opportunity lender.