TRUE Community Credit Union and Parkside Credit Union announce merger plans
Merger represents significant opportunities for both credit unions
JACKSON, MI (July 26, 2023) — TRUE Community Credit Union and Parkside Credit Union, two well-established financial institutions known for their dedication to serving their members and communities for 70 years, are pleased to announce their intention to merge. The merger will produce a stronger, more comprehensive financial institution that will offer additional services, increased convenience, and ongoing support to members.
The merger represents a significant opportunity for both credit unions. By combining their strengths and resources, TRUE Community Credit Union and Parkside Credit Union will offer an even wider range of products and services, enhanced technology, and an expanded branch network to meet the evolving needs of their members.
The leadership of both credit unions express confidence that the merger will bring substantial benefits to their members, employees, and communities.
Chrissy Siders, President and CEO of TRUE Community Credit Union stated, “We are so excited to join forces with Parkside Credit Union as we embark on this transformative journey. Together, we embrace a shared vision, combining our strengths and resources to create an unparalleled financial experience that will stand as a testament to our unwavering commitment to our members, our communities, and our teams.”
Janet Thompson, President and CEO of Parkside Credit Union, said, “Our partnership with TRUE Community Credit Union will build a brighter future for both our members and our employees. The alignment of our strategies and cultures as well as a shared vision makes this an ideal collaboration, and we are excited to write the next chapter in our combined credit union’s legacy together.”
TRUE Community Credit Union, headquartered in Jackson, has twelve branch locations in Jackson, Ingham, and Washtenaw counties. Parkside Credit Union is headquartered in Westland and offers three branch locations in Wayne County. The combined credit union will retain the name and brand of TRUE Community Credit Union with its mission to cultivate legacy defining moments for the people and places they serve for generations to come by empowering members to achieve their financial goals.
TRUE Community Credit Union and Parkside Credit Union will work closely with regulatory authorities and stakeholders to obtain the necessary approvals, finalizing the merger on January 1, 2024.
About TRUE Community Credit Union
TRUE Community Credit Union has been a trusted financial partner for its members since 1953. TRUE Community Credit Union offers 15 branch locations to serve members in Jackson, Ingham, Wayne, and Washtenaw Counties. TRUE Community Credit Union has more than $870 million in assets and approximately 80,000 members. TRUE Community Credit Union prioritizes people over profit, process, and product and aims to create legacy-defining moments for the people and places served for generations to come. TRUE Community Credit Union's website is TRUECCU.com.
About Parkside Credit Union
Parkside Credit Union is a community-focused financial institution dedicated to serving the needs of its members since 1953. Parkside Credit Union offers a comprehensive range of competitive financial products and services to help members achieve their financial goals. Parkside Credit Union has more than $172 million in assets and approximately 14,000 members. Parkside Credit Union’s website is Parksidecu.org.
