Friday, August 17, 2018

Conserved Ukrainian Future CU Merged

Ukrainian Future Credit Union (Warren, MI) has merged into Selfreliance Ukrainian American Federal Credit Union (Chicago, IL) on August 17.

Ukrainian Future CU was placed into conservatorship on February 23, 2018.

The Michigan Department of Insurance and Financial Services and the National Credit Union Administration decided that merging Ukrainian Future Credit Union into Selfreliance Ukrainian American Federal Credit Union was in the best interests of the members.

At the time of the merger, Ukrainian Future Credit Union was a federally insured, state-chartered credit union with 3,652 members and assets of $77.9 million. Selfreliance Ukrainian American Federal Credit Union served 20,359 members and had assets of $485.9 million.

Read the press release.

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