SAGINAW, Mich. –Two Michigan credit unions have announced their intention to merger.
The $767.3-million Team One Credit Union in Saginaw and the $405-million CASE Credit Union in Lansing said they intend to merge by January 2027, Team One said. The two credit unions are approximately 76 miles apart.
Team One has net income of $1.69 million in the first quarter, with net worth of 9.69%. CASE CU had $359,818 in net income and net worth of 10.77% as of the same date.
“The partnership will expand the way the credit union serves members, allow more investment into technology and innovation and strengthen stability and long-term growth, said Team One in a statement. “Both credit unions share values in member commitment, roots in education, and a belief in financial well-being, said Team One. Team One was founded in 1935 by Saginaw educators who followed the philosophy of people helping people. CASE was founded in 1936 to serve Lansing-area educators, and grew to serve the Greater Lansing community.”
What Partnership Will Do
On its microsite, the credit unions said the “financial services landscape is changing. Member expectations are evolving, and technology continues to advance.”
It said the merger will allow it to:
- Expand the ways we serve you
- Invest more meaningfully in technology and innovation
- Strengthen long-term stability and growth
- Continue delivering value to our members and communities
- By bringing these two organizations together, we are creating a stronger foundation for the future.
In the FAQ section, under the question, “How will this benefit me,” the credit unions state, “This partnership enables us to offer you more—expanded services, enhanced technology, and greater long-term stability, while continuing to support the communities we serve.”
‘Proud of Everything Built’
“I want to begin by saying how proud I am of everything we’ve built together at Team One,” President and CEO Derrick Barber said in a statement on a microsite created as part of the merger. “Our growth, our culture, and the way we serve our members each day are what make this organization so strong. As we look ahead, it’s clear that our members’ needs continue to evolve. This partnership allows us to build on our legacy while positioning us for the future by expanding our capabilities, investing in innovation, and strengthening how we serve.
“From the beginning, it was clear how aligned Team One and CASE are, not just in our histories, but in our values and our shared commitment to people helping people,” Barber continued. “This is about building something stronger for the future. Together, we have an opportunity to expand our impact and create a more resilient credit union—one that is well positioned to serve our members and communities for years to come.
