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.
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