Given their respective CUSO alliances, Affinity Group Credit Union and Kensington Valley Community Credit Union said their recent plan to merge is another example of collaboration.
The $103 million Affinity Group CU in Pontiac, Mich. and the $28 million Kensington Valley Community CU in Highland, Mich. said their boards, state regulators and members have all approved the merger.
The combined credit union will have assets of approximately $134 million, five branches and more than 20,000 members, the majority of which live in southeast Michigan.
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