GRAND RAPIDS, Mich. – As of press time there was no news on the voting results of the bank conversion attempt of the $1.1 billion Lake Michigan Credit Union. Credit union members had their last crack at the ballot box on December 8 at a special meeting where almost all of the members who rose to speak took issue with the credit union leadership for making the move. Under state law, 66% of the members who vote in the ballot must vote yes for the measure to go forward. That means with an estimated more than 37,000 ballots turned in, the credit union will have to receive yes votes from more than 24,000 of them.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
