The $3.3 billion Lake Michigan Credit Union has sold its Hudsonville Auto Center.
The Grand Rapids, Mich.-based cooperative confirmed with CU Times Wednesday that the center was sold to Todd Wenzel dealership group, also headquartered in Grand Rapids.
The Todd Wenzel dealership was originally intended as a retail outlet for the credit union's lease vehicle returns, said Sandy Jelinski, CEO of Lake Michigan CU, in a statement provided to CU Times Thursday. The credit union's Hudsonville Auto Center opened in 2005.
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