Genisys Credit Union, Unified Communities in Michigan to merge

Unified Communities Federal Credit Union in Belleville, Michigan, and Genisys Credit Union in Auburn Hills, Michigan, have agreed to merge.

Through the combination with the $3.9 billion-asset Genisys, members of the $20 million-asset Unified Communities would gain access to a larger network of branches and an expanded suite of digital banking services. The merger, should it receive regulatory approval, is expected to be finalized sometime in 2022.

"The timing is right for this merger,” Mary Carnarvon-LaHousse, president and CEO of Unified Communities, said in a press release. “We selected Genisys as a merger partner not only because of their strong financial condition and commitment to meeting the ever-changing needs of members but also for the strong commitment and support they give to their local communities.”

The combined credit union would operate under the Genisys name. It would have roughly $4 billion of assets and serve more than 246,000 members across its network of 33 branches.

“We are excited to have the opportunity to consolidate such a strong, member-focused credit union into Genisys," Jackie Buchanan, president and CEO of Genisys, said in the release. “We look forward to expanding the benefits available to our new members from Unified Communities."