Marine Bank has Joined ELGA Credit Union
It is our privilege to share with you the news that Marine Bank & Trust Company has completed its merger with ELGA Credit Union.
This partnership strengthens our ability to serve you, enhances our product offerings, and preserves the community‑focused approach that Marine Bank has always been known for.
What This Means for You
Your Accounts Continue to Work as They Do Today
There is nothing you need to do right now. Your checks, debit card, online banking, automatic payments, and direct deposits remain unchanged.
Your Deposits Will Remain Federally Insured
Once the merger is complete, deposit coverage will transition from FDIC to NCUA—both federal insurance programs with the same coverage limits of up to $250,000 per depositor. Coverage will convert to NCUA automatically and seamlessly at closing.
Your Marine Bank Team Isn’t Going Anywhere
After closing, you’ll continue working with the same local employees and banking centers you trust today. ELGA CU is committed to keeping Marine Bank’s people and relationships in place.
More Products, More Services, More Possibilities
As part of ELGA Credit Union, you’ll gain access to:
- A wider range of consumer and business financial products
- Expanded lending capacity
- 15+ additional ELGA CU branch locations
- A nationwide network of 30,000+ surcharge‑free ATMs
- A full suite of modern digital banking tools
- The mission‑driven benefits of a not‑for‑profit, member‑owned cooperative
What to Expect During the Transition
We are committed to making the merger and conversion process as smooth as possible. You will receive advance notice for all changes, including regulatorily required notifications.
Key Dates to Know
- Merger – On or Before April 1, 2026
- Account Conversion – On or Before August 1, 2026
Benefits of Becoming a Member of ELGA Credit Union
ELGA CU is a financially strong, member‑owned credit union founded in 1951. Today ELGA CU serves more than 109,000 members across 15+ Michigan locations and online. ELGA CU’s purpose is to enrich lives and build lifelong relationships through community‑focused financial solutions.
Additional membership highlights:
- All current Marine customers will become ELGA CU membership once regulatory approval and merger are complete.
- Once regulatory approval and merger are complete, ELGA CU’s field of membership includes Marine’s Florida counties—Indian River, Brevard, Martin, Okeechobee, Orange, Osceola, Seminole, and St. Lucie—as well as all of Michigan.
- ELGA CU is deeply committed to community support.
- Over $313,000 in grants, scholarships, and donations were contributed last year.
- ELGA CU employees volunteered over 6,000 hours in the community.
Marine Bank shares these same community values—making this partnership a natural fit.
Questions and Answers: Account Conversion
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When will the account conversion take place?
Account conversion is currently planned for August 1, 2026. While access to some services may transition at different intervals leading up to and through the account conversion, there should be no impact to your ability to use your account up to and through conversion.
Will my account number or account names change with account conversion?
You’ll receive more information on any account changes as we get closer to account conversion, no later than 30 days prior to the conversion date.
Will I need to update my ACH (Automated Clearing House) transactions?
Following account conversion, you will need to contact any business that you provided your account information to for ACH payments or deposits and provide your updated routing number: 272479935. We’ll provide you with more information as we get closer to account conversion.
Will fees change?
You can find a copy of our service charges below. While you may notice different terminology and intervals at which fees may be charged, it is our goal to keep total fee amounts the same or less than what was historically charged.
What is ELGA CU's routing and transit number?
Routing and transit number is 272479935. Until conversion later this year, you should continue to use Marine Bank’s routing number.
Will my Marine checks still work, or do I need to order new ones?
While Marine checks will be accepted and processed as normal until account conversion, you will be provided with new checks prior to or following account conversion.
Will my loan(s) remain the same following account conversion?
We expect your existing loans to transfer to ELGA CU with the same terms. In the event that a change to any particular loan could be necessary, we will contact you at the appropriate time frames as required by law to discuss all available options.
How will this affect my loan payments?
You will continue to make loan payments to Marine until account conversion. Following conversion, you will make loan payments to ELGA Credit Union. Automatic debit loan payments will continue to be processed as they were prior to conversion.
When will I receive my account statement from ELGA CU?
You’ll receive the account history since your last statement and through the month end prior to the account conversion. Following the account conversion, you will receive your first integrated ELGA CU account statement. That first statement will serve as reference to verify balances, etc. by matching it to your former Marine Bank statement.
Will my certificate rates change?
All certificate products will retain their structure and term when converted.
Will beneficiaries transfer with account(s)?
Any previously designated beneficiaries will follow the account when integrated with ELGA CU’s system.
When will I be able to use an ELGA CU CO-OP ATM?
After closing, Marine customers will be able to use ATMs fee-free at Allpoint, MoneyPass, Presto, or CO-OP ATM locations with their Marine debit cards. The CO-OP Shared Branch network allows credit union members to access their account and conduct transactions at more than 5,000 credit union locations nationwide. Following the account conversion, you will be able to use any branch or ATM within ELGA CU’s network. You may also use an ATM located at any credit union participating in the CO-OP Shared Branch network. For a full list of ELGA CU Branch locations, ATMs, and nationwide CO-OP Shared Branch locations, visit https://www.elgacu.com/bank/locations/.
Does ELGA CU offer account access by phone and when will it be available to me?
Yes, ELGA CU offers 24-hour telephone banking, an audio response system that allows access to account balances and history, and Member Service Agents Monday, Tuesday, Thursday, and Friday from 8 am–6 pm; Wednesday 9:30 am–6 pm; and Saturday 10 am–1 pm. Service is accessible when calling us at 810-715-3542, and we expect it to be available after account conversion.
When will digital/mobile access be available?
Marine’s current online and mobile banking will be inaccessible after conversion. Digital Services will be available via ELGA CU’s digital banking platform after account conversion.
Does ELGA CU support mobile wallet transactions?
Yes, via Apple Pay, Google Pay, and Samsung Pay.
Still Have Questions? We’re Here to Help
Marine Bank
Customer Service: 888.721.0590
Email: email@marinebank.bank
