According to a social media post Thursday, West Michigan Credit Union announced they will be merging services with Bloom Credit Union on Apr. 1.
Both organizations will continue to serve in their respective locations and will keep their individual names. West Michigan Credit Union will become "West Michigan Credit Union, a division of WMCU" and Bloom Credit Union will become “Bloom Credit Union, a division of WMCU."
"This is a proposed strategic partnership between two similar size, financially healthy Grand Rapids based credit unions," an online release by West Michigan Credit Union stated. "We believe this partnership will benefit our members, employees, and the communities we serve."
The Board of Directors of both credit unions voted in favor of the merger back on Jan. 7, where it received regulatory approval.
West Michigan Credit Union current has six locations in Big Rapids, Cadillac, Grand Rapids, Manistee, and Reed City. Bloom Credit Union will add its three branches in Coopersville, Georgetown, and Wyoming, plus two more in Grand Rapids.
Bloom's current CEO, Joe Heintskill, will become CEO of the new organization, while William Keim, the current CEO of West Michigan Credit Union, will become the President of the combined organization.
According to the online release, the combined credit union will employ 115 people and serve over 30,000 members at its 11 branches in the area. No employees at either West Michigan Credit Union or Bloom Credit Union will lose their jobs as result of the merger.
"Together, we look forward to helping you bloom towards a simply better financial future, now with deeper roots in the community and even greater opportunities for growth," the online statement said.
If you are a member at either of these banks and have questions, please call 1-(800)-442-4576.