Credit Union One (Ferndale, MI) has received approval from the Michigan Department of Insurance and Financial Services and the National Credit Union Administration to acquire and merge Hantz Bank (Southfield, MI).
As part of the transaction, Credit Union ONE gained approval from Michigan and Ohio regulators to expand its membership base outside of Michigan to include six counties in Ohio.
The effective date for completion of this transaction is June 1, 2019.
Read the press release.
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