Iowa, Michigan and Ohio credit unions have announced new mergers that are expected to finalize in the fourth quarter or early next year.
Plans are moving ahead for the $179 million, 28,516-member Bay Winds Federal Credit Union in Charlevoix, Mich., to merge with the $225 million, 46,672-member Members Credit Union in Traverse City, Mich.
Earlier this month, both cooperatives said they will operate under a new name, 4Front Credit Union, when the consolidation is completed in early 2015.
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