Christopher Credit Union in Chesaning, Mich., merged on Jan. 1 with United FCU of Saginaw following a November vote by CCU's membership that garnered 100% approval.
The combined credit union will hold $196 million in assets and serve 21,000 members with six branches throughout Saginaw and Bay Counties.
Barbara Appold will serve as president and CEO of United Financial CU, while Randy Hoerner, CEO of Christopher CU, will retire this month.
"The merger will benefit the members of Christopher Credit Union by expanding the services offered and providing additional locations," said Appold in a statement.
According to the September 2016 Call Report, Christopher CU posted a net loss of $1,551 for its latest reporting period.
