Ferndale, Michigan – Credit Union ONE is pleased to announce Guadalupe Lara has been elected to serve as Chairperson of the Board of Directors.  Since joining the Credit Union ONE Board of Directors, Ms. Lara has served on several committees, including the Compensation Committee and Corporate Governance Committee, where she has led the CEO performance evaluation and Board self-evaluation processes. 

What is Debt Consolidation?
Debt consolidation is when you take out a new loan to pay off multiple other debts, such as mortgages, student loans, credit card balances, and other liabilities into one monthly payment. Payments are then made on the new loan until it is repaid in full