LANSING, Mich. — In the latest evidence of consolidation among the credit union trades, the Michigan Credit Union League announced Tuesday it has reached an agreement to start managing the Michigan Association of Credit Unions.

"This alliance is a natural progression given the incredible rate of consolidation within the credit union industry," declared David Adams, the president/CEO of the Michigan League in commenting on the two-year pact to run the 22-member MACU.

In a formal statement, the Michigan League said Linda Schepperly, the long-time president/CEO of MACU, which has its headquarters in Bay City will retire March 1 with Adams taking over that job.

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

  • 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.
NOT FOR REPRINT

© 2024 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.