Michigan
BENEFITS OF THE MICHIGAN STATE CHARTER (View/download PDF)
REGULATING AGENCY: Department of Insurance and Financial Services, Office of Credit Unions
Michigan State Capitol
- Anita Fox, Director, Department of Insurance & Financial Services
- Denice Schultheiss, Director of Credit Unions
- Website: michigan.gov/difs
ACCREDITED: 1989
LEAGUE: Michigan Credit Union League & Affiliates
- Patty Corkery, President/CEO
- Website: mcul.org
PRIVATE SHARE INSURANCE: No
2024 STATS
- Largest SCU: LAKE MICHIGAN CU $13.91B in assets
- Largest FCU: MICHIGAN STATE UNIVERSITY FCU $7.8B in assets
| First Quarter 2024 | SCUs | FCUs | Total CUs | % of SCUs/Total |
|---|---|---|---|---|
| Total Credit Unions | 121 | 66 | 187 | 64.71% |
| Credit Union Members | 5.01M | 1M | 6.02M | 83.32% |
| Credit Union Assets | $87.26B | $18.02B | $105B | 82.88% |
FUN FACT
Michigan is the only place in the world with a floating post office. The J.W. Westcott II is the only boat in the world that delivers mail to ships while they are still underway. They have been operating for 125 years.
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