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Friday, 05 June 2015 13:35

Consumers Credit Union adds 17th branch in SW Michigan

Written by  MiBiz Staff
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Consumers Credit Union plans to begin construction this summer on a new, larger office that will expand its local footprint.

The new location, Consumers Credit Union’s 17th in the region, will go up at the retail development at Stadium Drive and Drake Road on a site adjacent to the Costco warehouse store. The two-story branch will be about twice the size of the credit union’s existing offices and will offer retail banking, residential mortgages, investment services, and small business loans and services.

Construction begins in August with occupancy targeted for March 2016.

Consumers Credit Union had 62,172 members as of March 31 with total assets of $600.1 million, up nearly 16 percent from a year earlier, according to a quarterly financial report filed with the National Credit Union Administration. Deposits totaled $495.6 million at the end of the first quarter, a 16.8 percent year-to-year increase, and total loans were $511.2 million.

Consumers Credit Union had total member business loans of $27.4 million.

Read 1086 times Last modified on Sunday, 07 June 2015 23:25

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