Landmark Credit Union Expands Its Reach with North Shore Bank Acquisition in McHenry, IL

Landmark Credit Union Completes Acquisition in McHenry, IL

Landmark Credit Union is making headlines with its recent acquisition of the North Shore Bank branch located in McHenry, Illinois. This strategic move, completed as of August 31, 2026, marks a significant moment in the organization’s growth strategy, adding over $30 million in deposits to its portfolio.

The acquisition, which was initially announced back in March, was made possible after receiving the requisite regulatory approvals. Timothy Mackay, President and CEO of Landmark Credit Union, expressed excitement about welcoming new members to the credit union. He stated, "With the completion of this branch acquisition, we are excited to welcome our new members and look forward to serving them as we expand our presence in McHenry County in Illinois."

The newly acquired North Shore Bank branch, situated at 1689 N. Curran Rd., underwent a smooth conversion process over the preceding weekend. All customer accounts are now eligible to transition to become members of Landmark Credit Union, providing an expanded range of services and resources that will benefit both new and existing members.

In addition to improving convenience, the acquisition aligns well with Landmark's strong indirect lending activities in the region, indicating a positive strategy toward increasing its footprint in Illinois. The organization is committed to enhancing member experiences through additional products and improved digital banking options. Mackay emphasized the teamwork that facilitated this integration and highlighted the importance of becoming deeply connected with the McHenry community.

The acquisition comes not only with the physical branch and its deposits but also includes the full-time employment opportunities for all associates from the North Shore branch, underlining Landmark's commitment to community and workforce retention. Financial advisory support was provided by ALM First, while legal counsel was managed by Honigman LLP during the acquisition process.

About Landmark Credit Union

Founded in 1933, Landmark Credit Union operates as a not-for-profit financial cooperative focused on delivering exceptional service to its members. With total assets exceeding $8 billion, the organization serves over 405,000 members across 36 branches and employs more than 1,000 individuals. Their mission is to offer great rates, low fees, and a commitment to investing in member satisfaction.

As a result of this acquisition, Landmark is now positioned not just as a financial institution, but as a vital community partner in McHenry, paving the way for further expansion and enhanced member offerings in the region. For more information about Landmark Credit Union and its services, visit their official website at landmarkcu.com.