Friday, January 8, 2016

Lake Michigan CU and United FCU Call Off Merger

St. Joseph-based United Federal Credit Union and Grand Rapids-based Lake Michigan Credit Union have called off their proposed merger.

The proposed merger would have been the largest in credit union history creating a $6 billion credit union.

According to a press statement issued by both credit unions, both credit unions decided that they were "better served by remaining independent in order to deliver the utmost value to their members."

Read the statement.
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