Banking

Genisys Credit Union, Unified Communities in Michigan to combine | Credit Union Journal

Unified Communities Federal Credit Union in Belleville, Michigan, and Genisys Credit Union in Auburn Hills, Michigan, have actually accepted combine.

Through the mix with the $3.9 billion-asset Genisys, members of the $20 million-asset Unified Communities would get to a bigger network of branches and a broadened suite of digital banking services. The merger, needs to it get regulative approval, is anticipated to be settled at some point in 2022.

“The timing is right for this merger,” Mary Carnarvon-LaHousse, president and CEO of Unified Communities, said in a press release. “We selected Genisys as a merger partner not only because of their strong financial condition and commitment to meeting the ever-changing needs of members but also for the strong commitment and support they give to their local communities.”

The combined credit union would operate under the Genisys name. It would have roughly $4 billion of assets and serve more than 246,000 members across its network of 33 branches.

“We are excited to have the opportunity to consolidate such a strong, member-focused credit union into Genisys,” Jackie Buchanan, president and CEO of Genisys, stated in the release. “We anticipate broadening the advantages readily available to our brand-new members from Unified Communities.”



Gabriel

A news media journalist always on the go, I've been published in major publications including VICE, The Atlantic, and TIME.

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