Clinton Township, Mich.-based Motor City Cooperative CU is expected to merge into Sterling Heights, Mich.-based Christian Financial CU on April 1, Crain's Detroit Business reported, citing Christian Financial CU spokeswoman Rebekah Monroe.
State and federal regulators have approved the merger, according to the report. The merger was approved by Motor City Cooperative CU members on Dec. 10, 2019, according to the credit union's website.
Motor City Cooperative CU's branch in Warren will close and merge with Christian Financial CU's branch in Center Line. The branches of the combined organization, which will have assets of $560 million, will operate as Christian Financial CU, according to the report.
Christian Financial CU President and CEO Patty Campbell will lead the combined entity, with Motor City Cooperative CU President and CEO Steven Andrews serving as its chief administrative officer.