PARCHMENT, Mich.–Two Michigan credit unions have announced merger plans. The $30.3-million Riverview Community Credit Union in St. Clair has announced plans to merge into Advia Credit Union pending a vote next month by its members.
The deal is expected to close in the second quarter of 2020.
“At Advia, our mission is to provide financial advantages to those we serve. When two healthy credit unions such as Advia and Riverview unite, it strengthens our ability to thrive and deliver better financial solutions to our member-owners,” said Cheryl DeBoer, president and CEO of Advia, in a statement.
Riverview and its single branch in St. Clair will become part of Advia; no layoffs are planned.
The $2-billion Advia has more than 167,000 members.