New Partnership | Christian Financial Credit Union & Motor City Co-op Credit Union

With approval from federal and state regulators and an overwhelmingly affirming vote from members at a meeting held on Dec. 10, 2019, Motor City Co-op Credit Union and Christian Financial Credit Union will merge, effective April 1, 2020 with technology systems converting in September 2020.

Motor City Co-op Credit Union members will benefit from additional savings and loan products, comprehensive business account services and an in-house investment representative. In addition, Motor City Co-op members will be able to utilize Christian Financial’s network of branches and ATMs and continue to utilize the CO-OP Shared Branch and ATM network. Until September, Motor City members should continue to visit current Motor City branches in Clinton Twp., Detroit, Roseville and Warren for now.
“Christian Financial and Motor City Co-op have operated in the same geographic footprint for decades and it became apparent over time that combining our two credit unions would be a natural fit, since our values very much align,” says Patricia Campbell, president and CEO of Christian Financial Credit Union. “This merger is a marriage of two financially sound credit unions that will help us capitalize on our strengths and position us to meet the current and future needs of members. I couldn’t be more hopeful and enthusiastic about this monumental step for our credit unions.”
“Our combined financial strength will allow us to expand our product and technology offerings to better serve our members,” says Steven Andrews, president and CEO of Motor City Co-op Credit Union. “Credit unions today are faced with increasing technology costs and regulatory requirements. This merger will help us remain competitive so we can fulfill our mission.”
Motor City’s members will receive new Online and Mobile Banking, Debit and Credit cards beginning in September 2020. More information regarding these changes will be coming soon.