ST. JOSEPH, Mich. - United Federal Credit Union and First Resource Federal Credit Union have announced an intent to merge.
First Resource FCU President/CEO Dave Weichhand will retain his current position and United FCU President/CEO Duane Nelson will be named executive vice president.
"We are very excited about this potential partnership," said Weichhand. "If the merger is approved we will be combining the products, services and people of two very sound and strong organizations to offer even more benefits to our combined membership."
No United FCU branch closings or staff layoffs will occur as a result of the merger. The newly merged organization will go by the name United FCU.
First Resource FCU has $470 million in assets and serves 49,500 members. United FCU has some $215 million in assets and serves 21,580 members.
If United FCU members vote to approve the merger it could be finalized by the fall.