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

“Sure, in the days ahead we could be receiving more of these inquiries from small credit unions in Michigan that find it tough going but this is one we’ve been in discussions since last January,” explained Stephan L. Winninger, CEO of Lake Trust, which itself was formed by a major merger of its own which the former NuUnion and Detroit Edison credit unions completed in April 2010.

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