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Mich. Members Approve Merger to Create New Billion-Dollar CU

Wanigas CU will merge with Financial Plus CU to serve roughly 80,000 members.

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

Nearly one year after announcing plans to merge, members of the Saginaw, Mich.-based Wanigas Credit Union “overwhelmingly approved” a merger agreement with the Flint, Mich.-based Financial Plus Credit Union, creating the nation’s newest billion-dollar credit union.

In a statement from the $850 million Financial Plus on Wednesday, members of the $418 million Wanigas approved the merger during a special meeting on Tuesday. The combined credit union will have assets of $1.2 billion and 11 branches to serve nearly 80,000 members across the Flint and Great Lakes Bay Region of Michigan.

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Michael Ogden

Michael Ogden

Editor-in-Chief for CU Times.

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