ST. LOUIS—Purina CU is now a division of Anheuser-Busch Employees CU here, following the Jan. 1 completion of a merger between the two institutions.
Purina adds $48 million in assets and 3,800 members to ABECU, and as a division of the brewery credit union, PCU members will have access to additional products and services, along with access to all 30 ABECU and American Eagle CU branch locations across the nation, including 14 in the St. Louis-metropolitan area.
As a division of ABECU, PCU will still serve its field of membership, which includes employees and retirees of Nestle Purina PetCare, Nestle Waters North America, American Food and Vending, Energizer Holdings, Post Holdings, the Child Care Development Center of St. Louis, and the Solae Company, as well as families of employees. ABECU's FOM is not impacted by the merger.
"One of our core strategic goals is managed growth, so we can continue to provide our members with superior products, enhanced services and long-term value," said ABECU CEO Dave Osborn in a statement. "We welcome PCU members and employees alike to the credit union."
While ABECU has $1.4 billion in assets and earned more than $5.5 million in net income during the first three quarters of 2014, Purina CU has struggled, showing a loss of $51,000 during that same time period, which followed a loss of more than $143,000 in 2013.