Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LANSING, Mich. -The assets of troubled Birch Run Area Credit Union will be taken over by Credit Union Plus of Bay City. In September, the Michigan Office of Financial and Information Services suspended CEO Harold Johnson and two other officials of Birch Run saying that the three had “clearly used the credit union for their own personal gain.” Credit Union Plus, which has $36.2 million in assets and two offices, gets the one-office Birch Run in a purchase and assumption of assets, said Credit Union Plus CEO Cathy Dahlbeck. Dahlbeck said her credit union would begin offering expanded services at the newly acquired office. All of Birch Run’s employees, except those removed by OFIS, will join Credit Union Plus.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.