Map of Michigan. Map of Michigan. (Source: Shutterstock)

On Wednesday, two Michigan-based credit unions announced an agreement to pursue a possible merger. If all goes as planned and the merger is approved, it would create the newest billion-dollar credit union in the country.

According to a statement, the boards of directors for the Saginaw, Mich.-based Wanigas Credit Union ($412.9 million, 24,843 members) and Flint, Mich.-based Financial Plus Credit Union ($753.8 million, 55,566 members) announced they have mutually agreed to move forward to pursue a possible merger. The announcement stated the merger would be “contingent upon a successful exploration and integration review, a favorable membership vote and regulatory approval.”

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Michael Ogden

Editor-in-Chief for CU Times. To connect, email at [email protected].

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