Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
CMCFCU members vote to merge with Members First
MIDLAND, Mich.  (2/15/12)--Members of Central Michigan Community FCU, Clare, Mich., voted last week in favor of its merging with Members First CU, Midland, Mich. The continuing credit union will be Members First, effective June 1.

Central Michigan members voted five to one in favor of the merger (OurMidland.com Feb. 13). Michigan's Office of Financial and Insurance Regulation and the National Credit Union Administration already had approved the proposal to merge.

The merger will combine Members First's assets of $191 million and Central Michigan Community's assets of $110 million into a combined $310 million asset credit union serving 30,000 members.

Central Michigan was established in 1948 to serve employees of Clare Manufacturing Co. before expanding into a community chartered credit union. Michigan First was established to serve school employees.


RSS





print
News Now LiveWire
.@NACHAOnline report: ACH volume increases to 23B payments in 2014 http://t.co/va2WYMh4Zv
10 hours ago
.@CUNA's @HampelBill in @washingtonpost on options for wary mortgage borrowers: http://t.co/CPSgTNgwmm
15 hours ago
Housing starts thaw, mortgage rates stand pat #Market #NewsNow http://t.co/hhPj5v5AH3
16 hours ago
.@CUNA files #RBC2 comment, urges #CU system to be heard #NewsNow http://t.co/yfoZHAMlZc
16 hours ago
#NewsNow Youth Month attracts 100,000th member for Mich. CU http://t.co/cgF5o83XlK
17 hours ago