FARMINGTON HILLS, Mich. — Community Choice CU has announced a finalized deal to purchase Eastside Family FCU.
The combined credit union will operate under Community Choice's name and charter. The deal is the second merger this year for the $668 million-asset institution, which previously purchased NuPath Community CU.
The merger will grow Community Choice to more than 70,000 members and over $700 million in assets. The merger was approved by both credit unions' boards and the members of Eastside Family Federal.
The deal has also garnered the approval of NCUA and the Michigan Department of Insurance and Financial Services.
"Our 'Let's get together' approach not only applies to our members, but to other credit unions," said Dan Munro, executive vice president and chief operating officer of Community Choice, in statement. "Eastside is the perfect partner for Community Choice because they bring members who are passionate and committed to their community and who want to do business with a partner who truly cares about their financial well-being."
