Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The $190 million American 1 Federal Credit Union of Jackson, Mich. is looking to gain a toehold in the Detroit market late this summer with its plans to merge with the ailing $55 million Premier Financial CU of Detroit.

The Detroit CU, which lost $1.7 million in 2010 and a similar amount in 2009 and has been under 4% net worth, said it sought out American 1 as a merger partner based on its service record and “because of its proven history of financial stability and growth.” The combined CU will serve a 50,000 member base.

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

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • 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.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2022 ALM Global, LLC. All Rights Reserved.