With more than 100 years of combined service to our memberships, NuUnion Credit Union and Detroit Edison Credit Union joined together on April 1, 2010 to form Lake Trust Credit Union. The partnership furthers the value proposition that both credit unions were founded upon -- providing great value to our members through strong, trust-based relationships.
Separate, we were both strong organizations, but together we're stronger. Bringing our members together and combining our resources ensures we'll be here for generations to come, continuing to be the credit union our members have counted on over the years.
Established in 1944, Detroit Edison Credit Union was a $681 million state-charted credit union headquartered in Plymouth, Michigan originally serving the employees, retirees, and contractors of DTE Energy and family members. In November of 2007, Detroit Edison Credit Union completed a purchase and assumption of Huron River Area Credit Union, which then began operating as Huron River Financial, a division of Detroit Edison Credit Union. Also at that time, the charter of Detroit Edison Credit Union was expanded to serve anyone living, working or worshipping in the counties of Lenawee, Livingston, Macomb, Monroe, Oakland, St. Clair, Washtenaw and Wayne. Detroit Edison Credit Union served more than 66,000 members at eight branches in Ann Arbor, Auburn Hills, Brighton, Center Line, Chelsea, Detroit, and Howell.
State Employees Credit Union was established in 1952 by State of Michigan employees. There have been numerous mergers over the years including Isabella-Gratiot Credit Union in 1968 and Michigan Grocers Association Credit Union in 1983. In 2004, State Employees Credit Union and Ottawa County School Employees Credit Union, established in 1955, joined together to become NuUnion Credit Union. In 2010, NuUnion was more than 91,000 members strong. With over $850 million in assets and 14 branches, including eight locations in Lansing, two in Mt. Pleasant, and four in west Michigan, NuUnion believed in providing total financial solutions to its members through a unique service experience. Membership was open to anyone in its 29-county Mid-Michigan service area.
Lake Trust Credit Union, with assets of $1.5 billion -- ranks in the top 1% of credit unions nationwide and the fourth largest credit union in Michigan in terms of asset size.