ELGA Credit Union & COPOCO Community Credit Union Announce Intent to Merge
Subject to Regulatory Approval
CLAWSON, MI – August 1, 2025 – McQueen Financial Advisors provided exclusive financial advisory services.
ELGA Credit Union is proud to announce that the COPOCO Community Credit Union members, based in Bay City, MI, resoundingly approved the merger between the two organizations. Approval was received via mail-in ballots and in-person voting at a special meeting held on July 21, 2025.
The merger will be completed on August 1, 2025, with full system conversion expected to be completed in Spring 2026. The combined credit union will proudly serve over 108,000 members with 16 branch locations across communities in Michigan, employing more than 300 individuals and managing $1.7 billion in assets.
About ELGA Credit Union
With $1.6 billion in assets, ELGA Credit Union has been a community partner in Michigan since 1951. The credit union currently serves members and businesses throughout Michigan. It is a not-for-profit cooperative; formed, owned and operated for a single purpose: members helping members.
About COPOCO Community Credit Union
COPOCO Community Credit Union was chartered in 1951 and serves 8,900 members in Bay, Arenac, Midland, Saginaw, Isabella and Gladwin Counties, Michigan through its three branch locations.
About McQueen Financial Advisors
McQueen Financial is a nationwide financial advisory firm serving financial institutions since 1999. McQueen advises on ~25% of all Credit Union / Credit Union Mergers nationwide, annually.
Transaction Leads
Dan Martin
Director of Transaction Advisory & Valuation
Andre Gard
Associate