The credit unions announced the merger on Wednesday. Cornerstone members will soon receive Pioneer checks, debit and credit cards. The credit unions were still sorting out whether members could keep their account numbers. Pioneer promised on its website to notify its new members in advance of any chances to their accounts.
Leaders of both credit unions “felt both sides had a lot to offer the other,” Curt Perry, Pioneer President and CEO, said in a release.
“We had already purchased land to open a Caldwell branch and Cornerstone was looking for a merger partner that would continue to serve their [members,” Perry said.
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Cornerstone employees will keep their jobs, according to the website.
Cornerstone’s lone branch at 416 S. Kimball Ave. will be Pioneer’s 14th branch, all in Idaho. The credit union plans to open two branches in late 2016, one in Boise near the intersection of Ellens Ferry Drive and State Street, and one in Caldwell near the intersection of 10th and Ustick avenues.
Pioneer was chartered as the Civilian Employees Federal Credit Union in March of 1954. Cornerstone opened in 1955.