How it started
History
Lake Michigan Credit Union was founded in 1933 in Grand Rapids, Michigan, by Lloyd F. Hutt as Grand Rapids Teachers Credit Union. On March 1, 2002, the institution changed its name to Lake Michigan Credit Union.
In mid-May 2010, the Kalamazoo-based Citizens Credit Union announced that it planned to merge with Lake Michigan Credit Union. This merger took place in June 2010 and resulted in the addition of Citizen Credit Union's 9,000 members and $60 million assets to Lake Michigan Credit Union's estimated 168,000 members and $1.87 billion assets.
In October 2015, Lake Michigan Credit Union and United Federal Credit Union announced their intent to merge. However in January 2016, the two institutions canceled the plan stating they could best serve their members independently.
From Wikipedia’s article on Lake Michigan Credit Union, shared under CC BY-SA 4.0.2