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The National Credit Union Administration is the U.S. independent federal agency that supervises and charters federal credit unions. As of December 31, 2022, there were 4,760 federally insured credit unions in the United States with 135.3 million members.
Ford Engineering Employees Federal Credit Union was founded by employees of Ford Motor Company Engineering and Styling in February 1950. The Dearborn, Michigan, credit union changed its name to Ford Dearborn Federal Credit Union in 1954 and then to Dearborn Federal Credit Union in 1960. In 2003, the credit union renamed itself DFCU Financial. [4]
United Federal Credit Union (UFCU) is an American federally chartered credit union based in St. Joseph, Michigan. Originally chartered in 1949, UFCU has more than 194,000 Members in all 50 states and the District of Columbia.
*Note: this list includes joint-ventures based in Michigan, subsidiaries of Michigan-based companies also located in Michigan, and companies based in Michigan currently owned or controlled by private equity, venture capital, or other similar entities. Below is a separate list of outside companies with a significant presence in Michigan.
Lake Trust Credit Union is a community-based credit union headquartered in Brighton, Michigan. As a not-for-profit financial cooperative, Lake Trust is owned by members of the credit union and regulated under the authority of the National Credit Union Administration (NCUA). The organization is governed and supervised by an 18-member board of ...
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Lake Michigan Credit Union was founded in 1933 in Grand Rapids, Michigan, by Lloyd F. Hutt as Grand Rapids Teachers Credit Union. [6] On March 1, 2002, the institution changed its name to Lake Michigan Credit Union. [7] In mid-May 2010, the Kalamazoo-based Citizens Credit Union announced that it planned to merge with Lake Michigan Credit Union.
By 1960, the credit union grew to serve over 70,000 members and had assets of almost $25 million. [7] By 2022, State Employees' Credit Union had grown to over $53.1 Billion in assets and 2.7 million members. This made State Employees' the second largest credit union in the United States in terms of assets and membership. Total membership ...