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
2023 STATS
- Largest SCU: LAKE MICHIGAN CU $13.37B in assets
- Largest FCU: MICHIGAN STATE UNIVERSITY FCU $7.69B in assets
| Fourth Quarter 2023 | SCUs | FCUs | Total CUs | % of SCUs/Total |
|---|---|---|---|---|
| Total Credit Unions | 125 | 67 | 192 | 65.10% |
| Credit Union Members | 5M | 1M | 6M | 83.34% |
| Credit Union Assets | $85.22B | $17.73B | $102.95B | 82.78% |
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
13 Michigan Credit Unions Named as Top Workplaces
Dec. 8, 2023 — For the 16th annual Michigan’s Top Workplaces, the Detroit Free Press partnered with Energage to recognize 225 as Top Workplaces, 13 of which were credit unions. “It’s great to see the Detroit Free Press recognize so many credit unions for this year’s Top Workplaces survey,” said MCUL President/CEO Patty Corkery. “Every year, I see Michigan credit union leaders prioritizing culture, learning how they can foster a workplace that creates a healthy environment for collaboration and trusted member service.”
STORY ARCHIVE
Click here to take a look at the stories that have been collected over the years in Michigan.
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