LANSING, Mich. (Michigan News Source) – Two credit unions with college ties are joining forces.

MSU Federal Credit Union and Texas-based University Federal Credit Union announced a merger agreement Tuesday. The combined organization would serve more than 850,000 members and hold $13.5 billion in assets. The merger remains subject to regulatory approval.

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MSUFCU President and CEO April Clobes will serve as CEO of the combined organization, while UFCU President and CEO Michael Crowl will serve as president.

“Michael and I share a strong belief that growth isn’t about scale; it’s about value,” Clobes said in a statement. “By uniting our resources, talent, and shared higher education heritage, we are expanding our services and driving greater impact.”

Members can continue banking as usual. Officials said there will be no immediate changes to account numbers, credit or debit cards, or digital banking access.

The combined organization will use University Federal Credit Union as its corporate name and adopt MSUFCU’s charter. It will retain the MSUFCU brand in Michigan and Illinois and the UFCU brand in Texas.