LANSING, Mich.—CASE Credit Union here and Team One CU, based in Saginaw, Mich., have announced a planned merger that would create a combined institution with nearly $1.2 billion in assets serving more than 76,000 members across Michigan and parts of Florida, according to ABC 12.
The merger, which is expected to take effect in January 2027 pending regulatory approval, would combine the $405-million CASE Credit Union in Lansing with the approximately $767-million Team One Credit Union.
Officials said integration of the two organizations will occur in phases, while both institutions will continue operating normally through 2026 and during the transition period.
“This partnership allows us to build on a strong legacy while advancing our capabilities and continuing to deliver meaningful value,” CASE Credit Union President and CEO Jeff Benson said in a statement carried by ABC 12.
Benson is slated to become CEO of the combined organization, while Team One CEO Derrick Barber will serve as president.
Both credit unions trace their roots to serving educators, with CASE founded in 1936 in the Lansing area and Team One established in 1935 in Saginaw.