Consumers Credit Union is expanding along the lake with the office Muskegon
MUSKEGON – Consumer credit union has begun construction of a new office in Muskegon which will expand its presence along the shores of the lake.
The office on East Sherman Boulevard is scheduled to open in early 2022. Based in the Netherlands GDK Construction Co. is the entrepreneur and based in Kalamazoo Bosch Architecture Inc. designed the office.
The Kalamazoo-based Consumers Credit Union currently has two offices in the Lakeside Market in Holland and a branch in South Haven. A Grand Haven office currently under construction opens this summer.
“Having a footprint in Muskegon is part of our strategy to move the Lakeshore up and expand the choices for members of Holland and Spring Lake,” President and CEO Kit Snyder said in a statement. “We anticipate an increase in demand for consumer loans and mortgages, in particular, and we are committed to providing the financing options that meet the needs of our community, including businesses.”
The credit union has over 1,000 members in Muskegon. The new branch will become Consumers Credit Union’s 24th office in West Michigan.
Consumers Credit Union at the end of the first quarter had 110,596 members with total assets of $ 1.59 billion and total deposits of $ 1.28 billion, according to a quarterly financial report filed with federal regulators. The credit union had a total of $ 1.3 billion of loans, $ 156.8 million of commercial loans.