back Back

Financial Plus Credit Union to merge with Wanigas Credit Union

By Pavithra R

July 19, 2021

  • America
  • Financial
Share

Financial Plus Credit Union to merge with Wanigas Credit UnionThe Boards of Directors for Wanigas Credit Union of Saginaw and Financial Plus Credit Union of Flint announced that the credit unions have mutually agreed to pursue a possible merger, contingent upon a successful exploration and integration review, a favorable membership vote, and regulatory approval. The combined credit union would have over $1.1 bn in assets, 11 branch locations, and approximately 80,000 members.

“We are excited about a partnership with Wanigas Credit Union. Through our combined resources and unified membership, we will be in a position to further enhance our digital service strategy and increase our product depth, delivering an even more seamless member experience. This opportunity aligns with our core values and vision to provide a wide variety of financial options to our members across the state for any reason, anytime, anywhere,” said Barney Hennessy, Board Chairperson of Financial Plus CU.

Current Financial Plus Credit Union CEO, Brad Bergmooser, will lead the CU with the help of the Senior Management Team from both credit unions. The current CEO of Wanigas Credit Union, Bernie Williams, will join the combined credit union as a member of the Senior Management Team. All employees of both organizations will continue to be employed by the combined organization.

“Our membership and surrounding communities will thrive as a result of this partnership. We are excited to provide increased member access, benefits, and employee growth opportunities, all while remaining a strong and healthy credit union. It was most important for us to join forces with a local credit union like Financial Plus, which shares our same core values,” said Michael Balls, Board Chairperson of Wanigas Credit Union.

Financial Plus was founded in 1952 (then known as Cheve-Flint Federal Credit Union) by the employees of the Chevrolet Motor Company, who worked in a factory fondly known as “Chevy in the Hole.”

Previous Article

July 19, 2021

P&N Group and bcu partner with Frollo for Open Banking

Read More
Next Article

July 19, 2021

MET detectives seized cryptocurrency worth £180 mn in the U.K.

Read More






IBSi Daily News Analysis

Data privacy

June 19, 2024

America

EMEA faces $85bn annual financial crime compliance costs, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

June 18, 2024

GoCardless partners with Federation of Small Businesses to tackle late payments

Read More

June 13, 2024

Flexys partners with Acquired.com for debt collection

Read More

June 12, 2024

Ozone API & Tuum team to accelerate open banking worldwide

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023