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CU System
CU System briefs (07/30/2009)
* LANSING, Mich. (7/31/09--Two Michigan credit unions have announced their members have approved a merger, according to the Michigan Credit Union League (Michigan Monitor July 27). Trenton FCU, a $50 million asset credit union in Trenton, and Wyandotte FCU, a $80 million asset credit union in Wyandotte, said the merger will be completed by Oct. 1. The surviving credit union, which will be named Shore to Shore Community FCU, will adopt Trenton FCU's community charter. Shore to Shore Community FCU will have $135 million in assets and more than 20,000 members … * ROCHESTER, N.Y. (7/31/09)-- Kenton FCU, based in Tonawanda, N.Y., and Rochester, N.Y.-based Summit FCU are planning to merge, the credit unions announced Monday. The merger will be finalized on Oct. 1. The majority of Kenton's 3,000 members voted July 23 to approve the merger into Summit. The combined credit union will keep the Summit name and will have 59,000 members and more than $480 million in assets. Summit CEO Michael Vadala told local newspapers that the credit union expects to retain all of Kenton's employees (Democrat Chronicle.com July 25 and Buffalo Business First July 27) …


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