June 28, 2010
Becoming One: LMCU Welcomes Citizens Credit Union
Lake Michigan Credit Union is happy to announce that Citizens Credit Union of Kalamazoo has “Become One” with LMCU. The merger was approved by the Directors of both organizations and a vote of Citizens CU members, and became official on June 1. Citizens CU adds 4 branch locations in the Kalamazoo area, $60 million in assets and 9,000 new members to our organization.
“This merger allows us to expand our footprint and services in Kalamazoo to a loyal base of Citizens members.” said Sandra Jelinski, President/CEO, Lake Michigan Credit Union. “We have been planning for expansion in the Kalamazoo market. LMCU opened a branch and mortgage office there in early 2009, and the addition of four new locations will give us an immediate strong presence. Kalamazoo is a vibrant part of West Michigan that is closely connected to the Grand Rapids area. It makes great sense for our company to expand there. We look forward to offering our superior products and services to Citizens members and the entire Kalamazoo community.”
With the addition of these locations, LMCU now has 5 branches in the Kalamazoo area and a total of 30 branches throughout West Michigan. The combined organization has over $1.9 billion in assets and over 169,000 members.
Citizens CU was founded in 1955 to serve employees of the City of Kalamazoo, and later became a community charter serving Kalamazoo, Van Buren, and Allegan counties.
4 New Locations:
• 435 S. Westnedge Ave.
• 6170 W. Main St.
• 3326 Gull Rd.
• 106 Grand St. (in Schoolcraft)