Mich. Merger Announced
Detroit Metropolitan Credit Union and Clawson Community Credit Union announced that the two financial institutions are merging, with Detroit Metropolitan remaining as the surviving credit union.
The membership of Clawson Community Credit Union approved the merger in a recent vote. The organization announced that all Clawson Community employees have been offered and accepted positions in the surviving credit union.
Clawson Community Credit Union’s office in Clawson will remain open and serve as a strategic Oakland County location for the combined credit union. The Clawson location will be known as Clawson Financial, a branch of Detroit Metropolitan Credit Union.
“We’re thrilled at the opportunity to serve more members who live, work and worship in Oakland County, and we’re committed to providing them with outstanding service that credit unions are known for,” said Detroit Metropolitan Credit Union CEO Kathie Trembath.
“Most importantly, Detroit Metropolitan Credit Union shares our commitment to supporting the local communities and their size, strength and stability offer the best opportunity for the growth of our membership and our employees,” said Clawson Community CEO Char Larson.
The merger has received regulatory approval and is expected to be final by year end.