Hand putting ballot in blue election box Source: AdobeStock.

Employees at Michigan's largest financial cooperative, the $11.7 billion Lake Michigan Credit Union in Caledonia, voted Friday to unionize at one branch location for higher wages, benefits and better working conditions.

Seven employees at LMCU's south division branch in Wyoming, Mich., voted in favor of forming a union with the Communications Workers of America (CWA) and five employees voted against it during a National Labor Relations Board (NLRB) election, the first successful NLRB election in the financial services industry in decades, according to union organizers. One LMCU employee did not vote.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.