GRANDVILLE, Mich.—North Central Area Credit Union (NCACU) and Community Promise Federal Credit Union (CPFCU) said they will officially merge on Nov. 1.
“Rooted in the cooperative spirit that defines the credit union philosophy, the merger is a natural fit and supports the shared mission of delivering financial solutions that improve members’ financial well-being and strengthen community impact,” the organization said.
According to the credit unions, Mark Richter, who has served as a credit union CEO since 2010, led another institution through several years of growth before it merged with NCACU in 2023.
Asset Growth
“At that time, Richter became CEO of NCACU and continued steering the organization toward expansion and innovation. Under his leadership, NCACU has grown from $230 million in assets in 2023 to more than $250 million today, positioning it as a forward-thinking, community-focused institution,” the credit union said in a statement.
The two CUs said the partnership will allow NCACU and CPFCU to expand services into Kalamazoo, Mich., “extending their reach while maintaining CPFCU’s community identity. The merger aligns with NCACU’s values of innovation, engagement and knowledgeable service, while enhancing CPFCU’s legacy of financial literacy and outreach through NCACU’s infrastructure, scale and statewide charter.”
On Same Core
Both credit unions operate on the CU*Answers core system, which they said will allow for a seamless technical transition.
The combined credit union will operate seven offices across Northern and West Michigan—six member lobbies and one administration building.
