wsj_75x75
On Air Now
Wall Street Journal Report
Mon - Fri: 05:00 AM - 06:00 AM

CPFCU to Merge with Washtenaw Federal Credit Union

 

CP Financial Credit Union on Wednesday announced plans to merge with Washtenaw Federal Credit Union based in Ypsilanti.  The merger represents 12 months of collaboration between the two entities who are looking to combine resources, talented teams, branch locations, and products to create a greater experience for their members, communities, and each other.  In May, both Boards of Directors voted unanimously with the intent to merge.

 

Plans include combining both teams of CPFCU and WFCU and retaining all staff.  Additionally the credit unions are looking to consolidate under a new name and brand and combine under a new name and brand with the guidance and expertise of their already established leadership teams.  CPFCU President/CEO Chrissy Siders will continue to serve as president/CEO and Jason Matley of WFCU will serve as Executive Vice president of Strategy and Transformation.

 

The national Credit Union Administration has reviewed the merger application and issued a preliminary approval pending a member vote by WFCU members slated for later this fall.  With member support the first legal day of operation will be January 1st, 2020.

 

Related Posts

Loading...