The $3.3 billion Lake Michigan Credit Union has sold its Hudsonville AutoCenter.

The Grand Rapids, Mich.-based cooperative confirmed with CUTimes Wednesday that the center was sold to Todd Wenzeldealership group, also headquartered in Grand Rapids.

The Todd Wenzel dealership was originally intended as a retailoutlet for the credit union's lease vehicle returns, said SandyJelinski, CEO of Lake Michigan CU, in a statement provided toCU Times Thursday. The credit union's Hudsonville AutoCenter opened in 2005.

“Now that we're no longer as focused on leasing, we felt this business segment would be better servedby those who specialize in automobile retail sales,” Jelinski said.“Partnering with Todd Wenzel Automotive has been a pleasure and wewish them the best of success going forward.”

The dealership in Hudsonville, Mich., will have an inventory ofmore than 400 pre-owned vehicles when it opens Oct. 1.

The store, currently operated as Lake Michigan Auto Center, willbe remodeled and updated, according to the credit union.

The dealership will add about 20 new jobs and include a car washthat will be open to the public. Many of the staff will stay onwith LMCU and others have found employment with Todd Wenzel,according to LMCU.

“I was delighted to partner with LMCU in this transaction,” saidWenzel in a statement. “They were very professional. We enjoy afantastic relationship and look forward to having them as ourneighbor at their branch next door.”