Proud Of Our Past. Passionate About Our Future.
On April 30, 2008 USA Credit Union announced that it will be joining forces with T&C Federal Credit Union resulting in an even better credit union for our members named Genisys Credit Union. Members of T & C Federal Credit Union of Bloomfield Hills, who were required to vote, have voted a resounding “yes” to the proposed merger of their credit union with USA Credit Union of Auburn Hills. Some additional regulatory requirements must be met before this combination is finalized in the coming months. Beginning in January 2009, operations will combine slowly over a period of approximately 12 months.
The Genisys name was drawn from the roots of each merging organization – General Motors for T&C and Burroughs/Unisys for USA. The combined credit union will have 23 branches – 19 in Southeast Michigan (including 15 in Oakland County), two in Minnesota and one in Pennsylvania. Genisys will be chartered in Michigan under the Office of Finance and Insurance Regulation and all accounts will continue to be federally insured.
With $1.2 billion in assets, Genisys will be the fourth largest credit union in Michigan and in the top 100 nationally. Its 130,000 members will rank it number 85 in membership among national credit unions.
“Both T&C and USA are healthy, financially sound organizations that share a common vision and values for their members,” said Mary McDonald, President of USA Credit Union. “Both have always made the quality of member service their top priority and both are committed to the communities where their members and employees live and work. I’m proud of this merger and I’m confident Genisys will be a success,” McDonald said. McDonald has been with USA for thirty six years, seven of them as President and CEO. She plans to retire once the merger has been finalized.
This is GREAT news for credit union members. It means MORE services, MORE locations in Michigan and MORE competitive rates.
The combined credit union will retain all of the services and commitment to quality that you’ve come to rely on. So what does this mean to members?
T&C Federal Credit Union has provided financial services since 1936, and serves all who live or work in Oakland County and specific geographic locations in Ypsilanti. T&C Federal Credit Union has received the best rating possible from Bauer Financial for the past 15 years for safety and soundness. T&C Federal Credit Union has in excess of $600 million in assets and serves 65,000 members through twelve owned branches, over 3,000 National shared branches, and 25,000 no surcharge ATMs. For information and branch locations for T&C Federal Credit Union, visit their wesite at www.tcfcu.org
We will continue to update this site as information becomes available so check back frequently.
For more details please click on the information provided below.
Member announcement Letter
Press Release
Informational Brochure
Member FAQ
Press Release 8/14/08