MSU Federal Credit Union (MSUFCU) announced it has entered into a merger agreement with Gabriels Community Credit Union (GCCU), based in Lansing. This strategic partnership will enhance the credit union experience for both GCCU and MSUFCU members.
April Clobes, President and CEO of MSUFCU, shared her support for the merger, stating, “This merger represents a partnership of being able to continue to provide accessible financial products and services to GCCU members. At MSUFCU, we are committed to helping members achieve financial security, and this merger will empower us to provide even more comprehensive financial solutions to GCCU and MSUFCU members, including a much-requested branch location in Jackson, Michigan.”
The merger is pending regulatory approval from the Michigan Department of Insurance and Financial Services and the National Credit Union Administration. Upon completion, GCCU will become part of MSUFCU, expanding MSUFCU’s footprint in Michigan and facilitating entry and growth into a new geographic region. MSUFCU currently serves more than 5,000 members in Jackson County and 10,000-plus members within 30 miles of the branch.
Once the merger is complete, the nearly 2,700 GCCU members in the Greater Lansing and Jackson areas will have access to a broader range of financial products and services, including innovative digital banking solutions, extensive branch locations, competitive loan and savings options, and access to educational resources for financial wellness.
The merger is anticipated to be completed by the end of 2023, subject to receiving all required regulatory approvals. More information and details for members regarding the merger will be shared through msufcu.org, direct mail, email, and social media.