About the Acquisition

Why is Peoples Bank being acquired by Advia Credit Union?

This acquisition provides us greater ability to operate with efficiency to be able to give back to our clients in the form of better technology, innovative services and with great deposit and loan rates.

What size is Advia Credit Union and where are they located?

Advia Credit Union is headquartered in Parchment, Michigan. They hold a community-based membership with over 134,000 members. Their assets are nearly $1.4 Billion and they operate with twenty-four (24) branches throughout Southern Wisconsin (Beloit, Janesville, Williams Bay, and Waukesha), Northern Illinois (Rockton) and Michigan. Currently membership is open to anyone living and working in Dane, Green, Jefferson, Milwaukee, Rock, Walworth and Waukesha counties in Wisconsin, Winnebago County in Illinois, and the entire lower peninsula of Michigan. Advia anticipates adding the additional counties of Kenosha and Racine as a result of this acquisition.

About the People

Will there be changes to your staff?

This acquisition will not result in the closing of any Peoples Bank branches or changes to the service team that you know. Further, it provides us with opportunity to add new positions as our financial services and locations continue to grow.

Who will be the President/CEO?

Cheryl A. DeBoer is the President & CEO of Advia CU.

About the Future

Where will the headquarters be of the credit union?

The headquarters of our credit union will be in Parchment, Michigan (Advia CU’s current headquarters). We will maintain a strong local and community focus in each area where we have branch locations.

When will I see signage begin to change at branch locations?

Branch signage will change following official regulatory approvals and completion of the acquisition, anticipated on September 1, 2017

Are you planning to close any branch locations?

We do not have any plans to close branches. We continually monitor the performance of each branch location to the needs of our membership. Our branches will grow to twenty-eight (28), with twelve (12) in Southwest Michigan, four (4) branches in Port Huron area (East Michigan), two (2) in Southeast MI, nine (9) in Wisconsin and one (1) in Illinois. Another full-service location is also being planned for Madison, Wisconsin.