Financial Plus Credit Union and Wanigas Credit Union Achieve a Possible Merger

Financial Plus Credit Union (FPCU), currently the 29th largest credit union headquartered in Michigan, with more than 55,000 members and assets of nearly $700 million, announced the potential  merger of Wanigas Credit Union, a financial cooperative that provides a full range of financial products and services, into Financial Plus Credit Union. The Boards of Directors from both credit unions have mutually agreed that this partnership is a terrific opportunity to create more value for the combined membership.

The combined credit union would have over $1.1 bn in assets, 11 branch locations, and approximately 80,000 members. "We are excited about a partnership with Wanigas Credit Union. Through our combined resources and unified membership, we will be in a position to further enhance our digital service strategy and increase our product depth, delivering an even more seamless member experience. This opportunity aligns with our core values and vision to provide a wide variety of financial options to our members across the state for any reason, anytime, anywhere," said Barney Hennessy, Board Chairperson of Financial Plus CU.

Current Financial Plus Credit Union CEO, Brad Bergmooser, will lead the CU with the help of the Senior Management Team from both credit unions. The current CEO of Wanigas Credit Union, Bernie Williams, will join the combined credit union as a member of the Senior Management Team. All employees of both organizations will continue to be employed by the combined organization.

"Our membership and surrounding communities will thrive as a result of this partnership. We are excited to provide increased member access, benefits, and employee growth opportunities, all while remaining a strong and healthy credit union. It was most important for us to join forces with a local credit union like Financial Plus, which shares our same core values," said Michael Balls, Board Chairperson of Wanigas Credit Union.