Lake Michigan Credit Union’s Terry O’Rourke replaces the soon-to-retire Gary Easterling.
WASHINGTON - NCUA Vice Chairman Rick Metsger says small credit unions don't have to merge out of existence.
Merger expands Bridge CU's reach.
Expect the annual average of 200-250 consolidations to continue in the future.
Sources say regulators are soliciting merger bids for the conserved credit union, which served the taxi medallion industry.
Montgomery County CU, which was placed into conservatorship in April 2015, merges into a $52 million institution.
Partnership would have turned LMCU into Michigan’s largest credit union.
United FCU CEO Gary Easterling steps down to focus on merger with Lake Michigan CU.
Deal between United FCU and Lake Michigan CU will create the state’s largest credit union.
An exec with competitor NCR says the potential deal would only create confusion for customers.