The $14.5M cooperative’s net worth falls from 8.31% to 1.39% over a year’s span.
The $18M Detroit credit union can't recover from big adjustments to financial reports in Q42013.
Renee DeMarco has been named president/CEO of Community Driven Credit Union of Ypsilanti, Mich.
Thirty-three-year credit union veteran had been president of CapCom Credit Union before its 2009 merger with DFCU Financial.
Known locally for its butter burgers and frozen custards, Culver’s recently opened for business in Michigan thanks to financing from EECU.
In separate deals, California and Michigan credit unions completed mergers on the same day- Oct. 4.