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Public Service CU to buy 7 branches of Co-Op Financial Services

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Public Service CU to buy 7 branches of Co-Op Financial Services

Romulus, Mich.-based Public Service CU is acquiring seven stand-alone branches of Co-Op Financial Services in the Detroit metropolitan area.

The terms of the deal were not disclosed.

Public Service CU will continue to operate each of the seven branches as part of Co-Op Financial Services' shared branch network under the name Credit Union Family Service Center.

The branches being acquired are in Detroit, Garden City, Redford, Southfield, Taylor and Ann Arbor, Mich.

Co-Op Financial Services has 5,700 branches throughout the United States with 1,800 credit unions participating. Public Service CU, as of March 31, had $275.5 million in assets.