BLOOMFIELD HILLS, Mich. — T&C Federal Credit Union and USA Credit Union of Auburn Hills, Mich. announced plans to merge to form Genisys Credit Union, which will be the fourth largest credit union in Michigan with assets totaling more than $1.2 billion.
T&C has $611 million in assets with approximately 65,000 members and USA has $609 million in assets with approximately 64,000 members. The two together will rank in the top 85 nationally in members and in the top 100 in assets.
The merger will be voted upon by T&C members in August. Current USA President/CEO Mary McDonald will remain on during the transition and then retire with T&C President/CEO Dianne Addington taking over as CEO of Genisys.
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