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Financial Plus Credit Union and Monroe Community Credit Union: A Merger in the Making

In a significant development for the financial landscape in Michigan, Financial Plus Credit Union and Monroe Community Credit Union have declared their intent to merge. This merger aims to unite two credit unions that have established deep roots in their communities, fostering a shared commitment to prioritize member service and community development. This partnership, pending regulatory and member authorization, is positioned to form a robust organization boasting more than $2 billion in assets, thereby expanding opportunities for current and future members while upholding the personalized services that both institutions are known for.

A Long-standing Commitment to Community
Financial Plus Credit Union, headquartered in Flint, Michigan, has been serving its members for over 70 years, while Monroe Community Credit Union has a history dating back to 1953. Throughout their respective histories, both institutions have maintained a focus on local service and community impact, steering their growth around the needs of their members.

Brad Bergmooser, the CEO of Financial Plus, expressed his personal connection to Monroe, emphasizing that the town is more than just a place on a map for him. He believes that the merger presents an opportunity to enrich the community while preserving the values and relationships that members cherish. Bergmooser has committed to maintaining the essence of Monroe while enhancing services through updated technological resources and banking products tailored to their members' needs.

Kristine Brenner, President and CEO of Monroe Community Credit Union, echoed similar sentiments regarding the partnership. She emphasized that both organizations share core values and are committed to providing excellent service to their member bases. By merging their resources and strengths, they aspire to offer more comprehensive financial services while ensuring that the transition creates a seamless experience for all employees and members involved.

What the Merger Means for Members
The collaboration of these two organizations holds great promise not only for expanded offerings but also for strengthened community ties. It is anticipated that together, they will increase their ability to serve members, support their employees, and invest in their communities. The union will facilitate a broader range of products and services due to the combined experience and resources of both credit unions.

As both organizations move forward with the merger, they have committed to transparency throughout the process. Members can expect to receive further details about the merger, including the approval timeline and what it entails for their banking experiences. The merger signifies a readiness to adapt to changing financial landscapes while safeguarding community values that are crucial to both sides.

About Financial Plus Credit Union
Since its inception in 1952, Financial Plus has been committed to making the financial aspirations of its members attainable. As a non-profit cooperative owned by its members and insured by the NCUA, it currently serves over 83,000 members while managing assets exceeding $1.7 billion. The credit union prides itself on providing easy access to modern banking products and services tailored to its members across Michigan.

About Monroe Community Credit Union
Monroe Community Credit Union, operating for over 70 years, is also a non-profit entity committed to offering tailored financial services to its 32,000 members. The credit union operates six branches in Michigan and serves neighboring communities in Ohio as well. Notably, they have received the Great Place To Work Certified™ recognition and have been honored as the Best Credit Union in Monroe County since the Community Choice Awards began.

The merger between these two community-focused credit unions is poised to strengthen their impact in Michigan, ensuring that both institutions continue to thrive while delivering value to their members. Additional updates regarding this exciting partnership will unfold in the coming months.