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Using its close Missouri ties, a Michigan credit union, Service 1 FCU, has now completed the merger of a struggling Ozarks CU, the tiny Table Rock FCU of Shell Knob, it was announced Wednesday.

“This was a case of a $1 million credit union being forced to liquidate and we saw an opportunity,” explained Joni Shinn, president/CEO of the $75 million Service 1 of Muskegon. Service 1, with Teledyne Corp. as its sponsor, maintains a branch in nearby Neosho, Mo. Shinn said that once the CU was alerted to the merger prospect by a vendor, “we decided to go ahead.” The merger was made effective this month.

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