Flint and Monroe, Michigan, USA, October 27th / PRNewswire / -- Financial Plus Credit Union and Monroe Community Credit Union announce their intention to merge, bringing together two credit cooperatives that have a strong community foundation in Michigan and both adhere to the principle of "people-oriented" management.

After obtaining regulatory approval and member consent, this collaboration will create a merged entity with total assets exceeding $2 billion, bringing more opportunities to the members while maintaining the personalized services and community connections that have been established over several decades by both institutions.

For Monroe Community Credit Union, this announcement marks a new chapter in its development story that began in 1953. The credit cooperative has continued to grow throughout its history, while always committed to local services and community influence.

This collaboration holds special significance for Financial Plus Credit Union President and CEO Brad Bergmooser, as he grew up in Monroe.

“Monroe is not just another community on a map for me. It is my home,” says Bergmooser. “I grew up here, formed lifelong friendships here, and it is also here that my values, which guide me today, were first established. This makes this collaboration particularly meaningful. Our goal is not to change what makes Monroe special, but to continue to develop on the solid foundation that already exists, to preserve the cherished community ties among members, and to provide more products, technologies, and resources to help members and the community thrive for many years to come.”

The merged institution will combine Monroe Community Credit Union's long-standing reputation in community participation and local services with Financial Plus Credit Union's broader product line, a network of branches covering the entire state, and stronger digital banking capabilities.

"There is a high degree of consistency between the two organizations, from our shared values and commitments to our employees to the way we serve our members and support our communities," said Kristine Brenner, President and CEO of Monroe Community Credit Union. "We are excited about the future of this collaboration, including the opportunity to bring the teams of both organizations together and to retain all of our employees. By leveraging our strengths, we believe we can create a stronger credit cooperative that provides greater value to our members and creates more opportunities, while also having a greater impact in our community."

Both institutions believe that this collaboration will enhance their ability to serve members, support employees, and invest in the communities in which they live.

Regarding Financial Plus Credit Union:Since 1952, Financial Plus has been committed to making both current needs and future dreams within reach. FPCU is a not-for-profit financial cooperative owned by its members and protected by NCUA federal insurance. With over 83,000 members and assets exceeding $1.7 billion, the cooperative provides comprehensive, modern, and easily accessible banking products and services throughout Michigan. For more information, please visit www.myfpcu.com or call (800) 748-0451.

About Monroe Community Credit Union:MCCU is headquartered in Monroe, Michigan, and has a history of over 70 years. It is a not-for-profit financial cooperative owned by its members and protected by federal insurance provided by NCUA. MCCU manages over $410 million in assets, operates 6 banking branches, and serves 32,000 members. It provides services to residents, students, employees, and businesses in Michigan as well as the three counties of Lucas, Wood, and Fulton in Ohio. MCCU has received Great Place To Work Certified ™ certification and has been consistently recognized by the community as the best credit cooperative in its county since the award was established. For more information, please visit monroecommunitycu.org.

Financial Plus Credit Union Rachel Mouser, Vice President of Marketing [ email protected ] Phone: (810) 244-2630

Monroe Community Credit Union Amy Zangara, Chief Culture and Brand Officer [ email protected ] Phone: (734) 242-3222