Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Two Michigan CUs set to merge
JACKSON, Mich. (9/9/11)--American 1 FCU, Jackson, Mich., and Michigan Services CU, Southfield, Mich., are merging this fall, with the $177.4 million asset American 1 being the continuing credit union. After months of research and negotiation, American 1’s board voted to adopt a resolution to merge with Michigan Services. By adopting the merger, American 1 will become a state- chartered credit union, making its name American 1 CU. The vote was put to the American 1 membership and finalized at a special meeting on Sept. 7. The board of directors for Michigan Services CU, with assets of $10.9 million, said that a consolidation with American 1 offers the ability to better serve its current 1,300 members.


RSS print
News Now LiveWire
About 1 in 3 consumers use plastsic for in-person purchases of less than $5, according to @CreditCardsCom survey.
8 minutes ago
#NewsNow Bankrate cites Schenk on 100M membership reach http://t.co/iNwjpZRJp4
57 minutes ago
Aug. consumer confidence highest since 10/07, says @Conferenceboard See #NewsNow http://t.co/pzGAYvIjYp
1 hours ago
Kill-switch to protect phones? Calif gov signs bill that may lead to natl trend http://t.co/KCWOPJRtJi
1 hours ago
How FICO 9 could change #creditunion lending from @FAACreditUnion via @Cornerstone_CUL http://t.co/CO4l8LRrpR
1 hours ago