What is CP Federal Credit Union?

About CP Financial Credit Union Established in 1953, CP Financial Credit Union more recently known as CP Federal Credit Union provides an array of financial services and online solutions with 9 locations serving south central Michigan. CP Financial Credit Union is over $566 million in assets with over 57,000 members.

What is CP Federal Credit Union Routing Number?

272481583
Our ABA/Routing number is 272481583.

Who is true community credit union?

On January 1, 2021, CP Financial Credit Union and Washtenaw Federal Credit Union joined together as TRUE Community Credit Union. TRUE Community Credit Union will serve more than 64,000 members with $600 million in assets and will offer 12 branch locations in Jackson, Ingham, and Washtenaw counties.

Did CP Federal Credit Union change their name?

Through a voting process, WFCU members approved the merger on November 10th, 2020. In addition to the merger, CP Financial Credit Union and Washtenaw Federal Credit Union will operate with a new name, TRUE Community Credit Union. The name change will officially take place on January 1st, 2021.

What is one of the main differences between a bank and a credit union?

What makes banks and credit unions different from each other is their profit status. Banks are for-profit, meaning they are either privately owned or publicly traded, while credit unions are nonprofit institutions.

Did CP Federal Credit Union get bought out?

A: No. CP Financial Credit Union did not get purchased or bought out. This merger is the result of a planned strategy to expand into new markets, grow in members, add new products and offer credit union membership to those that live, learn, work and worship in the state of Michigan.

Is CP Federal Now true community?

CP Financial Credit Union and Washtenaw Federal Credit Union will rebrand as TRUE Community Credit Union which will take effect January 1, 2021.

Who did CP Federal Credit Union merge with?

We are extremely proud of the cultures we have built over our combined 138 years and this merger will allow us to bring forth the best value of both credit unions into an even better united credit union, reaching into the communities we serve. Q: Did CP Financial Credit Union get bought out? A: No.

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