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As of October 2021, DFCU Financial had approximately $6 billion in assets, 232,000 members, and 27 branches in Metro Detroit, Ann Arbor, Grand Rapids and Lansing. [ 2 ] [ 3 ] Eligibility for membership is extended to anyone who lives, works or worships in the 68 counties of the Lower Peninsula of Michigan .
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.
Michigan National Bank was a bank founded in Lansing, Michigan, which was established on 31 December 1940 when Howard J Stoddard consolidated six Michigan banks: First National Bank and Trust Company of Grand Rapids, First National Trust and Savings Bank of Port Huron, Lansing National Bank, City National Bank of Battle Creek, National Bank of Saginaw and First National Bank of Marshall.
A week later, MSUFCU announced the acquisition of a second Chicago-area bank, Algonquin State Bank. [24] In November 2023, MSUFCU announced its acquisition of Lansing-based Gabriels Community Credit Union, [3] [25] as well as plans for two new Detroit-area branches, to be built in Novi and Brighton. [26]
The Grand Rapids Savings Bank Building is a 13-story steel frame commercial tower with a mix of Classical Revival and Beaux Arts styling. The exterior is clad with pale grey granite at the first floor and mezzanine levels, topped with a cornice, and buff-colored brick on the upper stories. A large terra cotta cornice caps the building.
The bank traces its roots to First National Bank of Ionia, which was founded in 1864. In 1896, relinquished its national charter and obtained a state charter, reorganized as State Savings Bank of Ionia. in 1952, changed name to First Security Band. In 1974, Independent Bank Corporation was established as the bank holding company. [3]
After the French established territories in Michigan, Jesuit missionaries and traders traveled down Lake Michigan and its tributaries. [7]In 1806, white trader Joseph La Framboise and his Métis wife, Madeline La Framboise, traveled by canoe from Mackinac Island and established the first trading post in West Michigan in present-day Grand Rapids on the banks of the Grand River, near what is now ...
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.