Wednesday, February 25, 2015

Good Shepherd Credit Union announces merger plans with Credit Union ONE


Ferndale, Michigan – The $93 million Good Shepherd Credit Union (GSCU) headquartered in Lincoln Park, Michigan plans to merge into $860 million Ferndale based Credit Union ONE (CUONE) pending approval by the GSCU membership.  The membership vote is scheduled for March 25, 2015.  If approved, the merger would be effective June 30, 2015. 

GSCU formed in 1957 has approximately 8,300 members and two branches in Lincoln Park and Woodhaven Michigan.  GSCU’s field of membership includes individuals who live, work, worship, or are educated in Wayne and Monroe Counties.  Credit Union ONE was organized in 1938 and has approximately 120,000 members who are served by eighteen branches throughout Metropolitan Detroit, Grand Rapids, and Traverse City.  

Despite its sound financial footings and fifty-eight year successful track record, the GSCU Board of Directors decided it was in the best interests of its membership to seek a merger partner. After a thorough due diligence process the GSCU Board determined that a merger with CUONE was the best solution for GSCU members and employees.  Key factors in this decision were CUONE’s strong financial position, and its ability to deliver a high quality, full service member experience through a comprehensive delivery system. 

Lisa Cook, CEO of Good Shepherd Credit Union said, “Our Board recognized that we have a shared commitment and mission of providing great service and member financial success.  Credit Union ONE has demonstrated not only its financial strength but also its values make it the right merger partner for our organization.  Merging with Credit Union ONE will allow Good Shepherd Credit Union to provide more products and services to its members, while offering greater job opportunities for its employees.  We know this is a good decision not just in the present, but looking into the future as well.”  

“We welcome the decision of the GSCU Board to select CUONE as a merger partner,” said Gary Moody, President/CEO of Credit Union ONE. “This is a strategic partnership of two strong and well established institutions.  We recognize that when combined we are stronger and more capable of fulfilling our shared vision of financial strength, a sustainable business model, and the best service in the industry.  The members of both credit unions will benefit from this merger.” 

Credit Union ONE, headquartered in Ferndale Michigan for over seventy-five years, offers a wide array of financial services and access to over 30,000 ATM’s nationwide, serving 120,000 members, with eighteen offices in three major metropolitan areas, including Metro Detroit, Grand Rapids and Traverse City. For more information go to cuone.org or "like us" on Facebook

Contact Judi Desilets, Director of Public Relations for Credit Union ONE, 248-584-5224, Judi_Desilets@cuone.org

Friday, February 20, 2015

Credit Union ONE makes strides for Walk For Warmth

Ferndale, Michigan – Credit Union ONE staff and family members walked this year in the 25th Annual Walk for Warmth which was held on Saturday, February 7, 2015 at the Great Lakes Crossing Outlets in Auburn Hills.  

The Walk for Warmth is an annual event that raises funds and promotes awareness of the emergency needs of low-income people. All funds raised benefit those who face heat-related emergencies during Michigan’s harsh winters. 

“This was the 8th year of participating in the walk for Credit Union ONE, and we are extremely pleased that our team participates each year,” said John Kozich, Vice President of Community Relations for Credit Union ONE.  Our staff is very enthusiastic about this very worthwhile cause and looks forward to it each year. 

A Heart of Bronze sponsor, Credit Union ONE contributed close to $1,000 to the Walk for Warmth, which included walker pledges and a corporate donation made on behalf of everyone that walked.

The goal this year was $180,000 for the walk, which is expected to be reached.

In 2014, over 330 families were assisted by the Oakland Livingston Human Service Agency (OLHSA) with funds from Walk for Warmth, and the need is even greater this year.  As always, 100 percent of all proceeds go back into the community.

Credit Union ONE, headquartered in Ferndale Michigan for over seventy years, offers a wide array of financial services and access to over 30,000 ATM’s nationwide, serving 117,000 members, with eighteen offices in three major metropolitan areas, including Metro Detroit, Grand Rapids and Traverse City. For more information go to cuone.org or "like us" on Facebook.

Contact Judi Desilets, Director of Public Relations for Credit Union ONE, 248-584-5224, Judi_Desilets@cuone.org

Thursday, February 19, 2015

Credit Union ONE is 5-Star Rated


Ferndale, Michigan - Credit Union ONE is proud to announce it has earned BauerFinancial's 5-Star Superior rating for strength and security, proof positive that you can serve your members and perform well at the same time.

BauerFinancial, the nation’s credit union and bank rating firm, has been evaluating and rating credit unions since 1983. A 5-Star Superior rating indicates that Credit Union ONE is one of the strongest in the nation, excelling in areas of capital, loan quality, profitability and more.

"Competitive rates, low fees, and a feeling of ownership: these are the hallmarks of U.S. credit unions.  Credit unions like Credit Union ONE, take their responsibility a step further by maintaining the highest level of financial strength for their members", champions Karen L. Dorway, president of BauerFinancial.  "At all credit unions, members pool their deposits to offer loans and services to each other.  But some, like Credit Union ONE, do it in a manner that also keeps the credit union in stellar financial condition", she continued.

This year Credit Union ONE will be celebrating 77 years of member service.
  
Credit Union ONE, headquartered in Ferndale Michigan for seventy-five years, offers a wide array of financial services and access to over 30,000 ATM’s nationwide, serving 117,000 members, with eighteen offices in three major metropolitan areas, including Metro Detroit, Grand Rapids and Traverse City. For more information go to cuone.org or "like us" on Facebook

Contact Judi Desilets, Director of Public Relations for Credit Union ONE, 248-584-5224, Judi_Desilets@cuone.org

 

 
 

 

Tuesday, January 20, 2015

Credit Union ONE recognizes hometown charity giveaway winners

 
 
(L To R) Michelle Kilinski-Credit Union ONE Assistant Branch Mgr., Angela
Wilgenhof and Laurie Borysiak-Board Members of Horse North Rescue, and
Tamara DePonio-Credit Union ONE Branch Manager
(L to R) Brad McKenna of Leader Dogs for the Blind receives a check from Judi
Desilets-Credit Union ONE Public Relations Director and Katie Williams-Credit
Union ONE Integrated Marketing Specialist.

(L to R) Chris Wisswell of the Michigan Animal Adoption Network receives check from
Katie Williams-Credit Union ONE Integrated Marketing Specialist.
 
 
Ferndale, Michigan – Credit Union ONE Facebook fans were recently given the opportunity to choose their favorite local charity to win a $500 prize. 

To engage their fans and connect with the communities they serve, Credit Union ONE held a Hometown Charity Giveaway on their Facebook page.  From December 8th-19th fans had the opportunity to vote for one of sixty-three local charities or write in an organization of their choice. The three charities with the most votes were declared winners and will each receive $500. 

Congratulations to Horse North Rescue located in Grand Traverse County, Leader Dogs for the Blind of Rochester, and the Michigan Animal Adoption Network of Metropolitan Detroit. 

Angela Wilgenhof, board member for Horse North Rescue said, "Horse North Rescue would like to thank Credit Union ONE for giving us the opportunity to benefit from the Hometown Charity Giveaway. We are a 100% volunteer run rescue, therefor any money we receive goes to care for the horses. We work with local law enforcement agencies and horse owners to help at risk horses, as well as those who have been abused or neglected. We often get very thin horses who require a lengthy and costly rehabilitation. The $500 we are receiving from Credit Union ONE will help us to continue to pursue our mission. Together we do make a difference".  

Credit Union ONE, headquartered in Ferndale Michigan for seventy-five years, offers a wide array of financial services and access to over 30,000 ATM’s nationwide, serving 110,000 members, with eighteen offices in three major metropolitan areas, including Metro Detroit, Grand Rapids and Traverse City. For more information go to cuone.org or "like us" on Facebook

Contact Judi Desilets, Director of Public Relations for Credit Union ONE, 248-584-5224, Judi_Desilets@cuone.org

Wednesday, December 31, 2014

Credit Union ONE helps to make the season bright



Credit Union ONE staff members and Toys for Tots ready to help load toys 
Ferndale, Michigan – Giving back to the community is something that Credit Union ONE is very familiar with, and during the holidays this is no exception. 

During the month of December all branches of Credit Union ONE including their Grand Rapids and Traverse City branches collected toys for the Marine Corp Toys for Tots program.  This year the collection included over 1,000 toys that will help to bring joy to many children in Michigan. 

Also, food drives for Forgotten Harvest in Metro Detroit, the Father Fred Foundation in Traverse City, and the West Side Food Pantry in Grand Rapids were held, which resulted in approximately 1,200 pounds of donated goods for those in need. 

"Throughout the year we engage in many community and charitable activities, but at this time of year we go all out to live the people helping people philosophy and provide for those less fortunate and in need. Each toy, can of food and dollar donated by employees and our members have a direct and tangible positive impact on our communities,” said Gary Moody, President and CEO of Credit Union ONE.  “Typically we are about providing credit and a safe place to save, however credit unions at their core are about people helping people."

Credit Union ONE, headquartered in Ferndale Michigan for seventy-five years, offers a wide array of financial services and access to over 30,000 ATM’s nationwide, serving 110,000 members, with eighteen offices in three major metropolitan areas, including Metro Detroit, Grand Rapids and Traverse City. For more information go to cuone.org or "like us" on Facebook.

Contact Judi Desilets, Director of Public Relations for Credit Union ONE, 248-584-5224, Judi_Desilets@cuone.org