Lake Michigan Credit Union acquires Pilot Bank
GRAND RAPIDS, MI (December 22, 2021) — Lake Michigan Credit Union (LMCU) is pleased to announce its acquisition of Tampa’s Pilot Bank. This acquisition represents a number of positive developments for the members of both LMCU and Pilot Bank.
Already the largest credit union and mortgage lender in Michigan, LMCU has had a growing presence in Florida since 2015 and expanding into the Tampa/St. Petersburg market is a natural progression. The credit union now has 19 branches throughout Southwest Florida, including the six new branches from the acquisition of Pilot Bank.
LMCU President and CEO, Sandy Jelinski, looks forward to what the acquisition of Pilot Bank means for serving the Tampa Bay area and beyond, “This is an exciting opportunity for our collective members and our staff, because we’ll be able to serve even more members by providing outstanding value and exceptional service. The Pilot Tampa and St. Petersburg branches expand our service coverage in Florida without any overlap, so it is a great fit. The team at Pilot Bank is a pleasure to work with and I am confident that together we will quickly become a key player in the Tampa Bay market.”
Roy Hellwege, chairman and CEO of Pilot Bank, will serve as the president of LMCU’s Central Florida region. “Joining LMCU is very exciting because Pilot, like LMCU, has always been focused on doing what is right for our customers and members,” Roy said. “Additionally, LMCU shares a lot of the same beliefs and values about community service that we cultivated at Pilot, so I know this partnership will greatly benefit our members and local communities in new ways.”
About Lake Michigan Credit Union
Lake Michigan Credit Union (LMCU) is the largest credit union in Michigan. Employing a staff of over 1,550 and serving over 520,000 members, LMCU's assets exceed $11.5 billion, with a mortgage servicing portfolio of over $13 billion. LMCU has 65 convenient branch locations overall, including 19 in southwest Florida. LMCU members have access to over 55,000 Allpoint ATMs worldwide. LMCU provides a full range of financial services, from high interest-bearing checking accounts to personal loans, mortgages, investments, and commercial banking.
To find out more, visit LMCU.org.