Unified Communities Federal Credit Union in Belleville, Michigan, and Genisys Credit Union in Auburn Hills, Michigan, have agreed to merge.
Thanks to the combination with the $ 3.9 billion in assets Genisys, members of the $ 20 million in assets Unified communities would have access to a larger branch network and an expanded suite of digital banking services. The merger, if it receives regulatory approval, is expected to be finalized sometime in 2022.
“The time is right for this merger,” said Mary Carnarvon-LaHousse, President and CEO of Unified Communities, in a press release. “We chose Genisys as our merger partner not only because of its strong financial position and commitment to meeting the changing needs of members but also for the strong commitment and support they provide to their local communities.
The combined credit union would operate under the name Genisys. It would have approximately $ 4 billion in assets and serve more than 246,000 members through its network of 33 branches.
“We are delighted to have the opportunity to consolidate such a strong, member-focused credit union into Genisys,” said Jackie Buchanan, President and CEO of Genisys, in the release. “We look forward to expanding the benefits available to our new members. of Unified Communities. “