Merger Gets Member Approval

NuUnion members voted on February 17 to approve a merger with Detroit Edison Credit Union. The merger strongly positions the organizations to better serve both memberships and creates the fourth largest credit union in the state. Benefits include:

• Long-term confidence in the strength of their credit union with greater capital and resources.
• Increased operating efficiencies through combined systems and support networks.
• Increased convenience through expanded branch and ATM locations in more communities where members live and work.
• Enhanced best-in-class deposit and loan products and services.

NuUnion along with our Board of Directors is appreciative of the support shown by our members and are glad they too see the value of combining two financially strong and stable credit unions. We'll be better able to meet their ever-changing needs in the marketplace of today and tomorrow.

Pending approval from state and national regulators, Office of Finance and Insurance Regulation and National Credit Union Administration, Federal Trade Commission, and Department of Justice, the merger is expected to be finalized in early April.

The organization will become Lake Trust Credit Union and will stretch from Lake Michigan to Lake Huron and Lake Erie. It will serve anyone that lives, works, attends school, or worships within 35 counties in mid-Michigan.

Answers to your merger questions

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