Lake Michigan Credit Union: Difference between revisions
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==History== |
==History== |
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Lake Michigan Credit Union was founded in 1933 in [[Grand Rapids, Michigan]]. |
Lake Michigan Credit Union was founded in 1933 in [[Grand Rapids, Michigan]] by Lloyd F. Hutt as Grand Rapids Teachers Credit Union. On March 1, 2002, the name was changed to Lake Michigan Credit Union.<ref>{{cite web|title=History and Achievements|url=https://www.lmcu.org/membership/History.aspx|publisher=Lake Michigan Credit Union|accessdate=February 16, 2012}}</ref> |
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===Citizens Credit Union=== |
===Citizens Credit Union=== |
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In mid May 2010, the Kalamazoo based Citizens Credit Union announced that they planned to merge with Lake Michigan Credit Union.<ref name=Bakken/><ref>{{cite news|last=Jones|first=Al|title=Some of the ups and downs in Kalamazoo-area business during the year 2010|url=http://www.mlive.com/business/west-michigan/index.ssf/2010/12/some_of_the_ups_and_downs_in_k.html|accessdate=February 16, 2012|newspaper=[[Kalamazoo Gazette]]|date=December 28, 2010}}</ref> and took place in June 2010. The merger resulted in the addition of Citizen Credit Union's 9,000 members and $US60 million assets to Lake Michigan Credit Union's estimated 168,000 members and $US1.87 billion assets.<ref>{{cite news|last=Jones|first=Al|title=Kalamazoo-based Citizens Credit Union will merge with Lake Michigan Credit Union|url=http://www.mlive.com/business/west-michigan/index.ssf/2010/05/kalamazoo-based_citizens_credi.html|accessdate=February 16, 2012|newspaper=[[Kalamazoo Gazette]]|date=May 20, 2010}}</ref><ref>{{cite news|last=Sanchez|first=Mark|title=Merger would add to credit union’s Kalamazoo presence|url=http://www.mlive.com/business/west-michigan/index.ssf/2010/05/merger_would_add_to_credit_uni.html|accessdate=February 17, 2012|newspaper=Business Review West Michigan|date=May 13, 2010}}</ref> |
In mid May 2010, the Kalamazoo based Citizens Credit Union announced that they planned to merge with Lake Michigan Credit Union.<ref name=Bakken/><ref>{{cite news|last=Jones|first=Al|title=Some of the ups and downs in Kalamazoo-area business during the year 2010|url=http://www.mlive.com/business/west-michigan/index.ssf/2010/12/some_of_the_ups_and_downs_in_k.html|accessdate=February 16, 2012|newspaper=[[Kalamazoo Gazette]]|date=December 28, 2010}}</ref> and took place in June 2010. The merger resulted in the addition of Citizen Credit Union's 9,000 members and $US60 million assets to Lake Michigan Credit Union's estimated 168,000 members and $US1.87 billion assets.<ref>{{cite news|last=Jones|first=Al|title=Kalamazoo-based Citizens Credit Union will merge with Lake Michigan Credit Union|url=http://www.mlive.com/business/west-michigan/index.ssf/2010/05/kalamazoo-based_citizens_credi.html|accessdate=February 16, 2012|newspaper=[[Kalamazoo Gazette]]|date=May 20, 2010}}</ref><ref>{{cite news|last=Sanchez|first=Mark|title=Merger would add to credit union’s Kalamazoo presence|url=http://www.mlive.com/business/west-michigan/index.ssf/2010/05/merger_would_add_to_credit_uni.html|accessdate=February 17, 2012|newspaper=Business Review West Michigan|date=May 13, 2010}}</ref> |
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==References== |
==References== |
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{{reflist}} |
{{reflist}} |
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==External links== |
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* [https://www.lmcu.org/ Official website] |
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[[Category:Banks established in 1933]] |
[[Category:Banks established in 1933]] |
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Revision as of 02:21, 17 February 2012
| File:Lake Michigan Credit Union logo.png | |
| Company type | Credit Union |
|---|---|
| Founded | 1933 |
| Headquarters | , United States |
Number of locations | 32 (2011) |
Key people | Julie Blitchok (SVP) |
| Website | www |
| Footnotes / references [1] | |
Lake Michigan Credit Union, founded in 1933, is a credit union based in Grand Rapids, Michigan.[2] As of 2011, Lake Michigan Credit Union has 32 locations throughout the state of Michigan. [3] The credit union currently has approximately 170,000 members and $US2 billion in assets, making Lake Michigan the largest credit union in the state of Michigan.[4] As the organization is a federally-ensured state-chartered credit union, Lake Michigan Credit Union is regulated by the National Credit Union Administration (NCUA). Lake Michigan Credit Union was officially chartered in 1933 and was assigned NCUA charter number 62514.[5]
History
Lake Michigan Credit Union was founded in 1933 in Grand Rapids, Michigan by Lloyd F. Hutt as Grand Rapids Teachers Credit Union. On March 1, 2002, the name was changed to Lake Michigan Credit Union.[6]
Citizens Credit Union
In mid May 2010, the Kalamazoo based Citizens Credit Union announced that they planned to merge with Lake Michigan Credit Union.[1][7] and took place in June 2010. The merger resulted in the addition of Citizen Credit Union's 9,000 members and $US60 million assets to Lake Michigan Credit Union's estimated 168,000 members and $US1.87 billion assets.[8][9]
References
- ^ a b Bakken, Rebecca (July 21, 2010). "Banking pays dividends for these career-minded women". Kalamazoo Gazette. Retrieved February 16, 2012.
- ^ Jones, Al (April 25, 2011). "What are the best places to work in Kalamazoo and Southwest Michigan?". Kalamazoo Gazette. Retrieved February 16, 2012.
- ^ "Lake Michigan Credit Union". Credit Unions Online. Retrieved February 16, 2012.
- ^ Martinez, Shandra (February 01, 2011). "Lake Michigan Credit Union purchases Van Tol, Magennis and Lang Insurance Agency". The Grand Rapids Press. Retrieved February 16, 2012.
{{cite news}}: Check date values in:|date=(help) - ^ "Credit Union Online". National Credit Union Administration. Retrieved February 16, 2012.
- ^ "History and Achievements". Lake Michigan Credit Union. Retrieved February 16, 2012.
- ^ Jones, Al (December 28, 2010). "Some of the ups and downs in Kalamazoo-area business during the year 2010". Kalamazoo Gazette. Retrieved February 16, 2012.
- ^ Jones, Al (May 20, 2010). "Kalamazoo-based Citizens Credit Union will merge with Lake Michigan Credit Union". Kalamazoo Gazette. Retrieved February 16, 2012.
- ^ Sanchez, Mark (May 13, 2010). "Merger would add to credit union's Kalamazoo presence". Business Review West Michigan. Retrieved February 17, 2012.