Merged Gabriels Community Credit Union Lost $6.1 Million Last Year

Most of the $5.8 million loss occurred during the fourth quarter.

By Peter Strozniak & By Jim DuPlessis | February 05, 2024 at 05:31 PM

The us dollar against the background of a declining chart. U.S. economy. The economic crisis in America. Decrease in profit. Recession.

The $27.1 million Gabriels Community Credit Union in Lansing, Mich., which was merged into the $7.6 billion Michigan State University Federal Credit Union (MSUFCU) in East Lansing last month, posted a loss of $6.1 million at the end of 2023, according to NCUA Financial Performance reports.

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