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Michigan Credit Unions in Near Billion-Dollar Merger

The $704 million First Community FCU and $278 million E & A Credit Union announce board approval for consolidation.

By Peter Strozniak | Updated on June 04, 2013

The $704 million, 71,831-member First Community Federal Credit Union in Parchment, Mich., and the $278 million, 35,370-member E & A Credit Union in Port Huron, Mich., said Tuesday their boards have agreed to merge to form a new credit union that will operate under a new name.

Pending member and regulatory approvals, the proposed merger—expected to be completed sometime later this year—will create a credit union ranked in the top 3% in the nation, based on size, with more than 100,000 members and assets of nearly $1 billion, the credit unions said.

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Peter Strozniak

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