Affinity Group Credit Union and Kensington Valley Community Credit Union have announced plans to merge touting how collaboration is nothing new given their respective CUSO alliances.
The $103 million Affinity Group CU in Pontiac, Mich., and the $28 million Kensington Valley Community CU in Highland, Mich., said their boards, state regulators and members have all approved the merger.
The combined credit union will have assets of approximately $134 million, five branches, and more than 20,000 members, the majority of which live in Southeast Michigan.
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