Michigan

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
  • Bulletins

ACCREDITED: 1989

LEAGUE: Michigan Credit Union League & Affiliates

PRIVATE SHARE INSURANCE: No

STATS: (As of Q4 2021)

Total Number of Credit Unions: 208

  • TOTAL # SCUs: 134
  • TOTAL # FCUs: 74
  • SCU % OF TOTAL (SCUS #/STATE TOTAL #): 64%

Total Assets: $94,917,653,081

  • TOTAL $ SCU ASSETS: $77,759,450,168
  • TOTAL $ FCU ASSETS: $17,158,202,913
  • SCU % OF TOTAL ASSETS (SCUS $/STATE TOTAL $): 82%

Total Members: 5,817,980

  • TOTAL Members SCUs: 4,790,461
  • TOTAL Members FCUs: 1,027,519
  • SCU % OF TOTAL (SCUS/STATE TOAL): 82%

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.


RECENT NEWS

Traverse City Area Public Schools Get $9K in Support from TBACU

January 6, 2022 — TBA Credit Union recently donated $9,000 to support Traverse City Area Public Schools (TCAPS). A portion of the donation will specifically support the district’s Learning, Enrichment and Athletic Program (LEAP).

LEAP helps increase opportunities for students, from preschool to 12th grade, to engage beyond the school day with educational and recreational activities to improve learning, health and wellness. The remaining funds will be used to purchase dry erase markers, water bottles and help provide professional development support.

“TBA Credit Union was founded by Traverse City educators back in 1955, and education is the core of our culture and mission,” said TBACU President/CEO Karen Browne. “Supporting TCAPS through the Learning, Enrichment, and Athletics Program, as well as providing essential classroom tools is a natural fit for our community-based financial institution.”

“This donation is more important than ever as so many of our students have heightened needs due to the pandemic,” said TCAPS Executive Director of Communications Ginger Smith, whose office helps coordinate community partnerships. “Through the support of partners like TBA Credit Union, we are able to continue to offer programs that enrich student’s educational experience.”


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