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Two Michigan CUs set to merge
JACKSON, Mich. (9/9/11)--American 1 FCU, Jackson, Mich., and Michigan Services CU, Southfield, Mich., are merging this fall, with the $177.4 million asset American 1 being the continuing credit union. After months of research and negotiation, American 1’s board voted to adopt a resolution to merge with Michigan Services. By adopting the merger, American 1 will become a state- chartered credit union, making its name American 1 CU. The vote was put to the American 1 membership and finalized at a special meeting on Sept. 7. The board of directors for Michigan Services CU, with assets of $10.9 million, said that a consolidation with American 1 offers the ability to better serve its current 1,300 members.


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