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Frankenmuth Credit Union was recognized in 2020 by Forbes and Statista as one of the best credit unions in the nation. [3] In July 2021, the company introduced services specifically for the cannabis industry in Michigan. [8] [9] The company merged with Owosso WBC Federal Credit Union on July 31, 2021, keeping the Frankenmuth Credit Union name. [10]
And just like with a traditional brick-and-mortar bank or credit union, your deposits are insured up to $250,000 by the Federal Deposit Insurance Corporation (FDIC) or National Credit Union ...
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.
In December 2008, the bank received a $72 million investment from the United States Department of the Treasury as part of the Troubled Asset Relief Program. The investment was returned in 2013. [6] In December 2012, the bank sold 21 branches to Chemical (now TCF Financial Corporation). [7] [8] In 2015, the bank closed 6 branches. [9]
MSUFCU is the largest university-based credit union in the world, and the second-largest credit union in Michigan. [ 1 ] [ 2 ] [ 3 ] MSUFCU provides a variety of financial services, including deposit accounts, personal and business loans, investments, and insurance.
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The Michigan Schools and Government Credit Union (MSGCU) is headquartered in Clinton Township, Michigan, and has a membership size of more than 137,000 and assets of over $3.7 billion. MSGCU was founded in 1954 and is a not-for-profit financial institution , which is owned and operated by its members.
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related to: naft fcu online banking credit union midland mi hours