DEARBORN, Mich. — DFCU Financial Federal Credit Union headquartered here and Lansing, Mich., based CapCom Credit Union have plans to merge.
The two CUs today filed an application with the state's Office of Financial and Insurance Regulation and the NCUA to merge the two credit unions.
After the merger, the new organization will assume the DFCU Financial Credit Union name and will be a state-chartered credit union under the Office of Financial and Insurance Regulation. It will serve more than 200,000 members with 21 full-service branches and approximately 500 employees.
In addition, the credit union will have $2.2 billion in assets.
The management team will be lead by current DFCU Financial President/CEO Mark Shobe, and current CapCom President/CEO Renee DeMarco will assume responsibility for DFCU Financial's western Michigan presence as regional president.
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