JACKSON, Mich.–Members of Parkside Credit Union have voted in favor of merging into TRUE Community Credit Union, effective January 1, 2024.
The credit unions said the decision to merge with TRUECCU was made after careful consideration and extensive discussions among the boards and leadership teams of both credit unions.
“To say we’re excited to welcome Parkside Credit Union members to the TRUE Community family is an understatement,” said Chrissy Siders, president and CEO of TRUE Community Credit Union. “Together, as TRUE Community Credit Union, we stand, ready to empower and uplift our members, our employees, our communities, and our collective future. We are grateful to be a trusted partner and for the opportunities in front of us to generate financial well-being for all by cultivating legacy-defining moments for those we serve.”
Added Janet Thompson, president and CEO of Parkside CU, “We are thrilled that our members have voted in favor of this merger. This successful vote is a testament to the unity and strength of our credit union family. Together, we look forward to a bright financial future of combined resources and expertise to offer a broader range of financial solutions to members.”
‘Increased Products & Services’
Parkside Credit Union said the merger will lead “increased variety of products and services, enhanced technology solutions, and an extended branch network.” After the merger is complete, TRUECCU will add three branch locations in Wayne County to its 12-branch roster within Jackson, Ingham, and Washtenaw counties.
Parkside Credit Union posted $918,315 in net income as of Sept. 30, with capital at 13.81%. It did not distribute any of its net worth, according to the disclosure form filed with NCUA. TRUE Community has $4 million in net income and capital of 10.99% as of the same date.
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