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Tom Reagan, left, president/CEO of the current Vibe Credit Union, shakes hands with Allan Kemp McMorris, president/CEO of Oakland County CU.

Two like-sized Michigan credit unions will merge in early 2019, creating a credit union with nearly $1 billion in assets based 30 miles northwest of Detroit.

Oakland County Credit Union, Waterford, Mich. ($367 million in assets, 31,778 members) will merge with Vibe Credit Union, Novi, Mich. ($543.5 million in assets, 32,732 members) under the merger approved by the NCUA in May.

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Jim DuPlessis

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