After ratification by members, Jackson Community Federal Credit Union will merge with BlueOx Credit Union on Jan. 1, 2018.
In a statement released to CU Times, BlueOx Credit Union president/CEO Fran Godfrey said, "Smaller credit unions are increasingly challenged by regulation and other operational factors." Godfrey continued, "This merger recognizes we are better together, when we align two strong, local organizations to provide tremendous value and strength to everyone."
Jackson Community FCU, headquartered in Jackson, Mich. has $29.2 million in assets and nearly 5,000 members.
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