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Stephan Winninger, LTCU CEO, and William Thiess, president, say they will both retire at the end of this year. That was part of the transition plan as the merger was taking shape.

Perhaps the office in Brighton, Mich., reflects what’s been happening as Lake Trust Credit Union marks its first year.

The credit union was formed April 1, 2010, through a merger of Detroit Edison Credit Union and NuUnion Credit Union. LTCU has assets of $1.6 billion and the field of membership covers 35 counties stretching from Lakes Huron and Erie on the east coast of Michigan’s lower peninsula to Lake Michigan on the west coast. The move vaulted the credit union into the Billionaire’s Club. It is now the state’s fourth largest credit union, serves more than 158,000 members and operates 21 branches.

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