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Updated: 12:05 PM Nov 6, 2009
Credit Unions to Merge
NuUnion to merge with Detroit credit union. Posted: 11:57 AM Nov 6, 2009Reporter: News 10 |
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NuUnion Credit Union announced today it is in the process of merging with Detroit Edison Credit Union. Once the merger is complete, the new name would be Lake Trust Credit Union.
The institutions describe themselves as strong and stable, but say a merger create operational efficiencies and even "greater financial strength and resources."
Some regulatory hurdles have to be overcome before the merger is finalized. It will put the new institution in the top 1% of credit unions nationwide and the fourth largest credit union in Michigan in terms of asset size.
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Independent Bank Updates
Independent Bank associate King-Fuller joins United Way Board of Directors
Robin King-Fuller, bank manager of Independent Bank’s Mason location, has joined the Mason Area United Way board of directors. King will serve a three-year term.
— Julie Morgan has been promoted to bank manager, & Garrett Bensinger has been promoted to assistant vice president.
Independent Bank associate King-Fuller joins United Way Board of Directors
In 2008, Independent Bank associates throughout Michigan worked with local community groups and schools to educate children and adults of all ages about the importance of money management, saving and financial responsibility.
