BATTLE CREEK, MI (WTVB) – BlueOx Credit Union, based in Battle Creek and with a branch location on Willowbrook Road in Coldwater, has announced that the members of United VIP Credit Union, based in Sterling Heights, unanimously approved on September 19, 2016 to merge with BlueOx, effective October 1, 2016.
According to a statement from BlueOx, the two geographically-diverse credit unions have quickly embarked on the merger logistics, and the process of transitioning the United VIP membership to the BlueOx is underway.
The merger brings assets of BlueOx to $142 million, and the total membership to approximately 16,500. Geographically, the field of membership increased as well, allowing for added diversification and growth. The merger brings enhanced financial strength and product offerings to the entire membership.
The Board of United VIP chose BlueOx as a merger partner for a number of reasons, including the strong financial position of BlueOx; the commitment BlueOx has to its employees and communities; and its commitment and service to its members. Also critical to the Board of United VIP was the protection of its employees and the stability of the Sterling Heights office, as well as a seat on the BlueOx Board, which will be filled by Dutch Dutcher. “We are happy United VIP chose us”, said BlueOx President/CEO, Fran Godfrey, “that they felt we were not only a financially-strong candidate, but also that they saw our commitment to our members, our communities and our employees is the highest compliment”, said Godfrey.
United VIP’s CEO, Ron Martin retired effective November 4, 2016, and Elizabeth Tutewiler, an employee of BlueOx since 2009, was promoted to the position of branch manager. Tutewiler worked with Martin at the Sterling Heights office since mid-summer, training on the existing computer system, while preparing the employees for the transition to the BlueOx computer system. “With the preliminary measures we’ve taken, and the strong skills Elizabeth brings to the position, we expect the transition to be a positive experience for our new members”, said Godfrey.
Representing $142 million in assets, BlueOx Credit Union is a state-chartered, federally insured credit union, with membership open individuals within nine counties in lower Michigan.
(courtesy BlueOx Credit Union)
