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Lake Michigan CU division buys insurance agency

Lake Michigan CU division Lake Michigan Insurance Agency purchased Muskegon, Mich.-based Muskegon Insurance Agency, according to a press release posted on CUInsight.com.

The acquisition transfer took effect Sept. 6. All agency employees will keep their jobs.

SNL data shows that Grand Rapids, Mich.-based Lake Michigan CU had $5.18 billion in assets as of June 30.