Mich. CUs Plan Merger
JACKSON, Mich. -- Cascades Credit Union announced last week that it plans to merge its membership with EECU-A Community Credit Union by first quarter 2009.
Cascades CU has $27 million in assets and 7,000 members and will merge into the $78 million in assets and 11,500-member EECU-A Community CU. Cascades members will have the opportunity to vote on the merger. Both boards of directors voted unanimously for the merger.
"We're very excited about this potential partnership," said Steve Cobb, president/CEO of EECU. "Cascades shares many of the same values that we do, and we are confident that their team is committed to providing the best possible financial services to members."