SOUTH BEND — Teachers Credit Union has completed the acquisition of New Buffalo Savings Bank, a community financial institution with $111 million in assets and locations in New Buffalo, Sawyer and Three Oaks, Michigan, further expanding the credit union’s presence in Southwest Michigan.
The three branches in those Harbor Country communities opened under the Teachers Credit Union banner on Monday, June 8.
With the acquisition complete, New Buffalo Savings Bank clients are now members
of Teachers Credit Union (TCU). They will enjoy banking at the same locations and working with the same employees as the credit union assumes operation of all three of the bank’s branch locations.
“As we carry on New Buffalo Savings Bank’s legacy of exceptional service and community involvement, TCU is committed to working with our new members to ensure a seamless transition,” TCU President and CEO Paul Marsh said. “We’re excited to officially welcome New Buffalo Savings Bank clients into the TCU family and look forward to offering them the full suite of benefits that come with credit union membership.”
The acquisition also enhances the credit union’s business lending efforts by adding New Buffalo’s expertise in SBA lending, an area of expansion for TCU.
“We are proud to become a part of Harbor Country,” Marsh said. “We have received a wonderful welcome as we have made this transition and are excited to extend our community partnerships in southwest Michigan.”