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DFCU-CapCom Merger Creates $2 Billion Michigan Credit Union

FOR IMMEDIATE RELEASE 
March 4, 2009
Contact: Jason Moon  517-335-1700

LANSING – The Office of Financial and Insurance Regulation (OFIR) today announced that Dearborn-based DFCU Financial Federal Credit Union, the state’s largest credit union has merged with Lansing-based CapCom Credit Union. The merged financial institutions have been renamed DFCU Financial and have kept CapCom’s state charter. The largest credit union in Michigan will now be state-regulated.

“I am pleased to welcome DFCU Financial to the ranks of Michigan state-chartered credit unions,” Commissioner Ken Ross said, “OFIR continues to strive to provide those under our regulatory umbrella with the highest quality financial service regulation.”

OFIR approved the merger earlier this month. DFCU Financial will have more than $2 billion in assets and more than 200,000 members.

OFIR currently regulates 218 state-chartered credit unions.

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