Parkside Credit Union joined TRUE Community Credit Union on January 1, 2024!
TOGETHER, we will be able to meet and exceed our members’ expectations better than anyone else, providing enhanced products, services, and digital access to members throughout the state of Michigan. We will retain the name and brand of TRUE Community Credit Union and will continue to thrive and expand our physical branch presence into Wayne County, serving members in 15 locations.
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Announcement Details
Parkside Credit Union Members Vote to Join TRUE Community Credit Union
Parkside Credit Union will officially join with TRUECCU on January 1, 2024.
JACKSON, MI – November 16, 2023 – Following a vote that concluded on November 15, Parkside Credit Union members have voted "Yes" to join TRUE Community Credit Union, effective January 1, 2024. This merger will bring together the collective strengths of both credit unions, resulting in expanded services, increased opportunity, and enhanced convenience for members.
The decision to merge with TRUECCU was made after careful consideration and extensive discussions among the Boards and leadership teams of both credit unions. By joining forces, Parkside Credit Union and TRUECCU aim to create a more robust organization that can better serve the evolving needs of their members.
“To say we’re excited to welcome Parkside Credit Union members to the TRUE Community family is an understatement,” said Chrissy Siders, President and CEO of TRUE Community Credit Union. “Together, as TRUE Community Credit Union, we stand, ready to empower and uplift our members, our employees, our communities, and our collective future. We are grateful to be a trusted partner and for the opportunities in front of us to generate financial well-being for all by cultivating legacy-defining moments for those we serve.”
The merger between Parkside Credit Union and TRUECCU is a testament to their shared commitment to provide exceptional financial services and support to the members, teams, and communities they serve.
“We are thrilled that our members have voted in favor of this merger,” said Janet Thompson, President and CEO of Parkside Credit Union. “This successful vote is a testament to the unity and strength of our credit union family. Together, we look forward to a bright financial future of combined resources and expertise to offer a broader range of financial solutions to members.”
Parkside Credit Union members can look forward to an increased variety of products and services, enhanced technology solutions, and an extended branch network. After the merger is complete, TRUECCU will add three branch locations in Wayne County to its 12-branch roster within Jackson, Ingham, and Washtenaw counties.
TRUE COMMUNITY CREDIT UNION AND PARKSIDE CREDIT UNION
ANNOUNCE MERGER PLANS
Merger represents significant opportunities for both credit unions.
JACKSON, MI – July 26, 2023- TRUE Community Credit Union and Parkside Credit Union, two well-established financial institutions known for their dedication to serving their members and communities for 70 years, are pleased to announce their intention to merge. The merger will produce a stronger, more comprehensive financial institution that will offer additional services, increased convenience, and ongoing support to members.
The merger represents a significant opportunity for both credit unions. By combining their strengths and resources, TRUE Community Credit Union and Parkside Credit Union will offer an even wider range of products and services, enhanced technology, and an expanded branch network to meet the evolving needs of their members.
The leadership of both credit unions express confidence that the merger will bring substantial benefits to their members, employees, and communities.
Chrissy Siders, President and CEO of TRUE Community Credit Union stated, "We are so excited to join forces with Parkside Credit Union as we embark on this transformative journey. Together, we embrace a shared vision, combining our strengths and resources to create an unparalleled financial experience that will stand as a testament to our unwavering commitment to our members, our communities, and our teams."
Janet Thompson, President and CEO of Parkside Credit Union, said, "Our partnership with TRUE Community Credit Union will build a brighter future for both our members and our employees. The alignment of our strategies and cultures as well as a shared vision makes this an ideal collaboration, and we are excited to write the next chapter in our combined credit union’s legacy together."
TRUE Community Credit Union, headquartered in Jackson, has twelve branch locations in Jackson, Ingham, and Washtenaw counties. Parkside Credit Union's headquarters in Westland, offers three branch locations in Wayne County. The combined credit union will retain the name and brand of TRUE Community Credit Union with its mission to cultivate legacy defining moments for the people and places they serve for generations to come by empowering members to achieve their financial goals.
TRUE Community Credit Union and Parkside Credit Union will work closely with regulatory authorities and stakeholders to obtain the necessary approvals, finalizing the merger on January 1, 2024.
About True Community Credit Union
TRUE Community Credit Union has been a trusted financial partner for its members since 1953. TRUE Community Credit Union offers twelve branch locations to serve members in Jackson, Ingham, and Washtenaw Counties. TRUE Community Credit Union has more than 720 million in assets and approximately 65,000 members. TRUE Community Credit Union prioritizes people over profit, process, and product and aims to create legacy defining moments for the people and places served for generations to come. TRUE Community Credit Union's website is TRUECCU.com.
About Parkside Credit Union
Parkside Credit Union is a community-focused financial institution dedicated to serving the needs of its members since 1953. Parkside Credit Union offers a comprehensive range of competitive financial products and services to help members achieve their financial goals. Parkside Credit Union has more than $172 million in assets and approximately 14,000 members. Parkside Credit Union's website is Parksidecu.org.
Q & A's
Why is TRUE Community Credit Union joining with Parkside Credit Union?
Parkside is a financially strong, safe, member-focused, and community-minded credit union led by a strong culture. Most importantly, Parkside operates by values very aligned with our own. By combining their strengths and resources, TRUE Community Credit Union and Parkside Credit Union will be able to offer a broader selection of products and services, enhanced technology, better serve our existing members, and pursue new growth opportunities that will expand our impact to potential members and more communities.
Will there be a name change?
No. Our name will remain TRUE Community Credit Union.
Is my branch team changing?
No. You’ll see the same friendly folks at all our branches.
Will employees lose their jobs due to this combination of credit unions?
All employees from both credit unions will continue to serve our membership and be retained in the merger, with many being given more opportunities to grow their skills and careers.
Who will be eligible to join the combined credit union?
Anyone who lives, works, worships, or attends school in the State of Michigan can join.
What does this merger mean for members?
More branch locations: We will have a combined total of 15 branches to serve all our communities and members.
The same knowledgeable, friendly employees: All employees from both credit unions will continue to serve our membership, with many being given more opportunities to grow their skills and careers.
Expanded membership: Effective January 1, 2024, our qualifying field of membership will include anyone who lives, works, worships, or attends school in the state of Michigan.
Products and services: Together we will be able to meet and exceed our members’ expectations better than anyone else, providing enhanced products, services, and digital access to members.
About Parkside Credit Union
Like TRUE Community Credit Union, Parkside is a financially strong, safe, member-focused, and community-minded credit union. Most importantly, Parkside operates by values very aligned with our own. Parkside has three branches located in Westland, Livonia, and Dearborn.
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