Oak Trust Credit Union in Eagan will soon be under new ownership.
Affinity Plus Federal Credit Union recently acquired Oak Trust’s Eagan branch, which serves more than 4,300 members. The purchase is expected to close on June 30.
Members will be able to access the Oak Trust services for some time while Affinity awaits regulatory approval, according to a news release.
Oak Trust is an Illinois-based credit union with two location: one in Villa Park, Ill., and one in Eagan.
Affinity Plus members won’t be able to access their accounts or process transactions at the Eagan branch until the deal closes.
“(The acquisition) will allow Affinity Plus the opportunity to serve new members and provide convenience for our members located in the south metro,” said Kyle Markland, president and CEO of Affinity.
The St. Paul-based credit union is owned by more than 160,000 members throughout Minnesota and has more than $1.6 billion in assets. Affinity has 26 locations, including eight metro branches.