Welcome NGPL Employees Credit Union Member-Owners!

Recently the NGPL Employees Credit Union Board of Directors approved a resolution to merge with Midland Credit Union (MCU). Midland Credit Union is a full-service community credit union that has served its member-owners for the last 90 years. Your Board of Directors chose Midland Credit Union because of its strong reputation in its communities and its ability to grow based on satisfied member referrals. A merger with Midland Credit Union will allow you to take advantage of a host of new products and services, including Online and Mobile Banking which NGPL Employees Credit Union has not been able to offer. Midland currently has three locations in the Des Moines metro area and is headquartered in Urbandale, IA.

Your board of directors asks you to please take part in the official vote involving the merger of our two organizations! Voting for the merger will be conducted through the use of mailed ballots in accordance with Iowa Code, Section 533.203. Mailed ballots must be postmarked by 06/15/2023 and addressed to Kevin Morgan, Election Committee Chair, 18832 T Ave, Conesville, IA, or hand-delivered by 06/15/2023 to NGPL Employees Credit Union’s office located at 510 W. Carpenter Street, P.O. Box 258, Saint Charles, IA 50240. 

Bill Curry

Chairman of the Board

NGPL Employees Credit Union

Why did your Board of Directors choose Midland Credit Union as a merger partner?

In planning for the future, both credit unions realized that a combined organization would bring much greater strength and competitive advantages than each could provide on its own. Very simply, we want to bring members the best value from their credit union while ensuring that we continue to grow and thrive in an ever-changing financial services industry.



What can you expect as a member of Midland Credit Union?

Midland Credit Union is a financially strong institution that is celebrating its 90th year of operations this year. What began as a credit union to serve employees of a Des Moines wholesale grocery supplier in 1933, has now expanded to serve over 4,800 members and their families in Iowa and across the country. Due to its investment in technology, Midland CU is able to allow 24/7 access to members and potential members through its online home banking channel as well as its robust mobile app, which you can download onto your smartphone. As a member of Midland Credit Union, you can expect to be treated with respect and receive friendly service from staff who are willing to listen in order to assist you in the best way possible.

How will a merger with Midland benefit me?

The friendly staff at MCU will take the time to get to know you and understand your financial needs.

  • Online and Mobile Banking will provide you with convenient 24/7 access to your accounts.
  • Online and Mobile Loan Applications will allow you to apply for a loan anytime, anywhere.
  • Online Membership Application will allow you and your family to quickly and conveniently become members and open new accounts.
  • Checking accounts with NO monthly service fee and NO minimum balance requirement.
  • MCU Visa Debit Card will allow you to make purchases or withdraw funds from your accounts.
  • Certificates of Deposit and IRA accounts will allow you to grow your savings.
  • Mobile Deposit will allow you to deposit checks into your account with your smartphone.
  • Online Bill Pay will allow you to conveniently pay your bills.
  • A variety of Mortgage Loan options, regardless of whether you want to purchase, refinance or use your home’s equity for something else.
  • Shared Branching Network will allow you to access over 5,000 financial institutions nationwide and conduct transactions.

If the proposed merger is approved, Midland Credit Union will serve the following 24 counties in Iowa.  If you currently reside outside of these listed counties as an NGPL Employees Credit Union member, you and your family are still eligible to become part of the Midland Credit Union family.


Questions & Answers

Q: How do I vote for the merger and what is the deadline to vote?

A: Mark your ballot, insert and seal it in “BALLOT” envelope. Complete the identification form, and return it with the sealed BALLOT envelope in the pre-addressed envelope by June 15 via U.S. Mail or hand-delivered.

Q: Will my account number change?

A: We have verified that there will be a slight change in your account number.  We will be adding two trailing 0’s to your account number.  For example, if your current account number is 100, it will now be stated as 10000 or if your current account number is 1900 it will now be stated as 190000.

Q: What will happen to the credit union office in Saint Charles?

A: Since this office is operated out of the home of NGPL’s CEO, we’ll close this office, and services will be available at any of Midland’s three metro Des Moines locations and via Digital Banking which includes Online Banking and Mobile Banking. You can also take advantage of the Shared Branching Network.

Q: What is Shared Branching?

A: Co-op Shared Branching Network is a national network of credit unions from all over the country that share facilities, giving you over 5,000 convenient locations to perform transactions.

Q: How will my Share Savings account be affected?

A: You currently receive dividends on your Share Savings accounts semi-annually, but this will change to monthly dividends distributed by MCU.

Q: Are there other savings products offered by MCU?

A: Yes. Money Market accounts and Certificates of Deposit that yield higher interest rates than a traditional Share Savings account.

Q: Will I have more options when it comes to obtaining loans?

A: Yes. MCU offers competitive rates on new or used autos, R.V.s, boats, motorcycles, ATVs, jet skis, travel trailers, and more. You can also take advantage of personal loans or apply for an MCU Mastercard. Various mortgage loans are also available.

Q: I currently have payroll deduction for my savings deposit or loan payment; how will this be affected?

A: MCU will make every effort to work with employers to have the deductions moved to electronic/ACH credits without requiring your involvement, but a signed form could be required.

Q: Will my loans now be reported to the credit bureau?

A: Yes. MCU pulls credit bureau reports on new loan requests as part of the underwriting process. MCU also reports loan repayment history, so you are recognized and rewarded for your repayment history.

Q: What happens to my loan if I experience a hardship such as loss of job, medical issues, or some other unplanned event?

A: MCU recognizes that financial difficulties can happen. MCU’s staff takes pride in maintaining an ongoing dialogue to better understand your needs and devise a workable solution.

Q: If the merger vote is approved, when will it become effective?

A: Once the merger vote is conducted, verified, and approved, the results will be submitted to ICUD and NCUA for review and final approval. If approved, both boards have agreed on August 1, 2023, as the effective date of the merger and the day your accounts are “live” at MCU.

Q: How do I take advantage of MCU’s services once the merger is final?

A: Simply visit www.MidlandCU.org. Our website is easy to navigate and has many quick link buttons that will quickly get you to the information you need.

If you have a question about the proposed merger that is not covered in the Q&A section, please submit your question using the contact form below. Thank you!

NGPL Contact Us