November 23, 2015

LMCU merger with UFCU on pace for early 2016 completion

If you haven’t heard, LMCU and United Federal Credit Union (UFCU) have agreed to combine forces as part of the largest credit union merger in history. UFCU is headquartered in St. Joseph, MI with 27 branch locations in Michigan, Arkansas, Indiana, North Carolina, Nevada and Ohio. They have over 140,000 members, a staff of 540 employees and bring over $2 billion in assets to the table. Pending a successful outcome, our combined teams will make this the 19th largest credit union in the United States. As part of regulatory requirements, a vote must first be held among UFCU members to approve the merger.

We’re all very excited about this merger and look forward to sharing more information as it becomes available!