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IBMSECU Completes Mackinac Savings Bank Merger

July 31, 2017 – Delray Beach, FL:
Local Credit Union Grows Membership and Adds Locations

Today, the $1.09 billion IBM Southeast Employees' Credit Union (IBMSECU) in Delray Beach, Florida, is proud to announce the completion of the merger of the $109 million Mackinac Savings Bank in Boynton Beach, Florida.

IBMSECU is a Member-owned financial institution that has provided financial services to families for more than 48 years. They will now have 19 branch locations in Florida and Georgia as well as lending offices in Florida, Massachusetts and Michigan.

The three new Florida IBMSECU branches are located at:

  • 2901A N. Military Trail, West Palm Beach, FL 33409
  • 280 N. Congress Ave, Boynton Beach, FL 33426
  • 5859 W Atlantic Ave., Delray Beach, FL 33484

To be eligible for Membership, you must live in an approved county, including Palm Beach County, worship or attend school in an approved county, work for or be retired from a Member Company, or be an immediate family member of/live in the same household as an existing Member. Only $5 is needed to open a savings account and begin your lifetime Membership with IBMSECU. To join, use our secure Online Membership Application or call 800.873.5100.

Michael Miller, President and CEO at IBMSECU stated, “We are thrilled that the merger of Mackinac Savings Bank is complete. We are excited about this new chapter. This partnership allows us a greater opportunity to deliver financial solutions and personalized services in the communities we serve. Mackinac Savings Bank employees and customers are now a part of our credit union family, and it’s exciting to combine our cultures of Service Excellence.”


About IBMSECU

IBMSECU, established in 1969, is a growing and dynamic Credit Union, with more than 75,000 Members worldwide and $1.09 billion in assets. A Credit Union is a not-for-profit financial institution that is owned by its Members. Credit Unions generally offer high-yield deposits, low interest-rate loans and low fee structures. IBMSECU offers a complete range of products and services including: Checking and Savings accounts, Money Market accounts, Certificates, IRAs, First and Second Mortgages, Car Loans, Visa® Credit Cards, Business Services, and much more.

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2013

  • IBMSECU Welcomes New President/CEO

    December 13, 2013
    IBMSECU is pleased to announce that Michael Miller, a senior executive with 30 years of experience in the financial services sector, has been named as its new President and Chief Executive Officer.
    Full Story

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