Map of Michigan Source: Shutterstock.

A Southeast Michigan credit union with a new statewide field of membership is expanding east by acquiring a small credit union in Ypsilanti.

CP Financial Credit Union of Jackson, Mich. ($551.8 million in assets, 57,338 members) will acquire Washtenaw Federal Credit Union ($43.1 million in assets, 6,167 members). Both have experienced declines in net income this year, but both retain healthy net worth ratios.

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Jim DuPlessis

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