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In mid-May 2010, the Kalamazoo-based Citizens Credit Union announced that it planned to merge with Lake Michigan Credit Union. [ 1 ] [ 8 ] This merger took place in June 2010 and resulted in the addition of Citizen Credit Union's 9,000 members and $60 million assets to Lake Michigan Credit Union's estimated 168,000 members and $1.87 billion assets.
Consumers Credit Union was founded in 1951 under the name Kalamazoo Consumers Power Company (KCPC) Employees Federal Credit Union, a credit union for employees of Consumers Energy. [2][3] Consumers became a state-chartered credit union in 1964 and its services grew to include employees of the Palisades nuclear power plant in Covert, Michigan. [4]
Kalamazoo (/ ˌkæləməˈzuː / KAL-ə-mə-ZOO) is a city in and the county seat of Kalamazoo County, Michigan, United States. At the 2020 census, Kalamazoo had a population of 73,598. It is the principal city of the Kalamazoo–Portage metropolitan area in southwestern Michigan, which had a population of 261,670 in 2020.
Banks. Credit unions. Who they serve. Mostly customers in an area where the bank has a branch, unless it’s an online-only bank. It could be a certain region, employer or common group.
Members. 180,000 (2023 [2]) Number of employees. 500 (2023 [3]) Website. laketrust.org. Lake Trust Credit Union is a community-based credit union headquartered in Brighton, Michigan. As a not-for-profit financial cooperative, Lake Trust is owned by members of the credit union and regulated under the authority of the National Credit Union ...
Fifth Third Bank. Fifth Third Bank (5/3 Bank), the principal subsidiary of Fifth Third Bancorp, is a bank holding company headquartered in Cincinnati, Ohio. Fifth Third operates 1,088 branches and 2,104 automated teller machines, which are in 11 states: Ohio, Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, North Carolina, South ...
This is a list of credit unions in the United States.. A credit union is a member-owned financial cooperative, democratically controlled by its members, and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members. [1]
In 2004, RBS purchased the credit card division of Connecticut-based People's Bank. [16] [17] This purchase allowed Citizens to issue and market its own credit cards. In October 2015, RBS sold its remaining stake in Citizens Financial Group, having progressively reduced its stake through an initial public offering (IPO) started in 2014. [18]