Fifteen months since two of Michigan's largest creditunions combined to form the $1.6 billion Lake Trust Credit Union,the Lansing-based CU said it was making plans for its firstmerger of a struggling Detroit CU, the $7 million Father Kramer CUof Center Line.

“Sure, in the days ahead we could be receiving more of theseinquiries from small credit unions in Michigan that find it toughgoing but this is one we've been in discussions since lastJanuary,” explained Stephan L. Winninger, CEO of Lake Trust, whichitself was formed by a major merger of its own which the formerNuUnion and Detroit Edison credit unions completed in April2010.

Father Kramer, formed in 1949, has about 1,500 members from theKnights of Columbus Father Kramer Chapter in the Detroit suburb andsaid it sought out Lake Trust as a favored partner as it dealt witha depressed economy.

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