Michigan State University Federal Credit Union to acquire McHenry Savings Bank.

Michigan State University Federal Credit Union, a financial cooperative, agreed to acquire McHenry Savings Bank, a full services bank. Financial terms were not disclosed. "This transaction provides an excellent opportunity to further expand and complement our services in McHenry County and the surrounding Chicagoland area. MSUFCU has five branch locations in downtown Chicago and this adds exponentially to our growing market. We look forward to the combined synergies our two organizations will achieve in our local communities while providing McHenry Savings Bank's clients with an expanded array of resources and products," April Clobes, Michigan State University Federal Credit Union President and CEO.