MUNISING, Mich.–Embers Credit Union is continuing its expansion in the Upper Peninsula with the announcement of its latest merger.
The $38-million Upper Michigan Community CU has announced it will merge into the $187-million, Marquette, Mich.-based Embers CU effective today. The combined credit union will serve approximately 17,000 members.
Embers CU also recently merged with Upper Peninsula Catholic CU.
UMCCU's Munising and Trenary branches will join three Embers branches in Marquette and Negaunee.
"Embers is eager to move beyond the traditional stereotype of credit unions as a group of members who belong to a select association," says Tom Blake, CEO of Embers Credit Union. "That is far from what Embers is about. We welcome everyone. We help people who are just starting their careers and people who are well established. Most important, we serve the very core of what we all have in common — we all want to enjoy our lives to the fullest. Embers helps all people make the most of where they are right now. That's what we mean when we say, ‘Live it UP.'"
‘Members With Big Dreams’
In a statement, Blake added Embers is expanding its focus on reaching younger members “with big dreams.”
"Attracting a new generation of credit union members will benefit our current members as well,” he said. “They'll allow us to offer expanded products and services while maintaining the high deposit rates, low loan rates, and low fees that we're known for."
All UMCCU branches closed on June 1 for the turnover, and are reopening today as Embers