GRAND BLANC, Mich.—Members of $104-million COPOCO Community Credit Union, based in Bay City, Mich., have approved a merger with $1.5-million ELGA CU here, MSN reported.
The approval came through mail-in ballots and in-person voting during a special meeting on July 21. The merger officially took effect Aug. 1, with a full system integration expected by spring 2026, MSN said.
Approval of the CU-to-CU deal comes after an announcement from ELGA that the planned merger of ELGA with Marine Bank, based in Vero Beach, Fla., originally slated to close earlier this year, is being delayed until sometime in 2026 as result of NCUA’s staff reduction, reports indicate.
Both ELGA and COPOCO were founded in 1951 to serve employees of Consumers Power Company and their families.
“This partnership between ELGA Credit Union and COPOCO Community Credit Union is rooted in a shared commitment to people helping people,” Terry Katzur, president and CEO of ELGA Credit Union, said in a statement.