chess board showing two merged pieces from both sides Credit unions announce merger. (Source: Shutterstock)

On Friday, it was announced that Allegan Credit Union and Rivertown Community Federal Credit Union intend to pursue a merger. Oddly, a shared CEO has connected the two small credit unions located on the western edge of Michigan for the past year.

According to the announcement, the Allegan, Mich.-based Allegan ($82 million in assets, 8.769 members) and the Grandville, Mich.-based Rivertown Community ($78 million in assets, 5,341 members) have been jointly-led by President/CEO Kristopher Lewis since 2020.

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Michael Ogden

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

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