Collaboration Not Unusual for Credit Unions
Lansing, MI, 11/29/12 – CASE Credit Union and Option 1 Credit Union have announced that they will be sharing a branch facility in East Lansing beginning in early in 2013.
This sharing of the branch, located at 2400 West Road in East Lansing, is a unique opportunity for both credit unions. By sharing this branch, CASE Credit Union will maintain its presence near the Meijer store on Lake Lansing Road. And, Option 1 Credit Union has found the right business to fill space too large for their needs.
Option 1 Credit Union will open two new branch locations, one on Lake Lansing Road, near the West Road facility, and one on Hagadorn and Lake Lansing Road. Option 1 Credit Union will share the West Road branch with CASE Credit Union until their move to the new locations.
As of December 31, 2012, CASE Credit Union will be relocating from its Meijer locations to expanded space throughout the Greater Lansing region. This transition has been initiated because of Meijer’s decision to move a national bank chain into its stores.
CASE Credit Union President and CEO Jeffrey Benson, CPA, MBA, says “Our Meijer branches are not large enough to facilitate the growth that we’ve been experiencing. It gives us the opportunity to focus on obtaining larger branches for our members—with drive-ups, something we’ve wanted to do for a long time.”
“This collaboration and sharing is a great opportunity for CASE and Option 1 members,” says Andrew List, President and CEO of Option 1 Credit Union. “Together we will be able to provide our members
with accessible, convenient service while we transition to new locations. We are delighted to be able work side by side with CASE Credit Union,” states List.
Established in 1936 by Lansing area educators, CASE Credit Union is a full-service financial institution serving 30,000 members and managing more than $228 million in assets. CASE Credit Union is focused on service and committed to exceeding the financial expectations of today’s mobile society through convenient products and services that include deposit accounts, loans, investment options, VISA cards, text and mobile banking, online banking and bill payment. CASE was named one of Michigan’s Top 100 Places to Work in 2012 by the Detroit Free Press.
Option 1 Credit Union based in Grand Rapids, Michigan, was organized in 1936 and provides financial services to Michigan consumers with offices in the Grand Rapids, Lansing, and East Lansing regions. Option 1 serves 30,000 members with lifestyle financial products ranging from savings, lending, mortgages, to investment planning. Option 1 Credit Union is categorized by the National Credit Union Association as well capitalized.