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Michigan First Credit Union: A Look into Their Company Profile and History

Welcome to our blog post where we delve into the fascinating world of Michigan First Credit Union, a financial institution that has been making waves in the industry since its inception. As you read on, be prepared to uncover their captivating company profile and dive deep into their rich history, exploring how they have successfully navigated the ever-changing landscape of banking while putting their members first. So grab a cup of coffee and join us on this exciting journey as we unveil the secrets behind Michigan First Credit Union’s remarkable success story!

What is Michigan’s First Credit Union?

Michigan First Credit Union is a nonprofit financial institution headquartered in Lansing, Michigan. The credit union was founded in 1934 and has since grown to become one of the largest credit unions in the state with over $1.9 billion in assets as of March 31, 2018.

The credit union offers a variety of products and services for its members, including checking accounts, savings accounts, loans, insurance products, and more. Members can also use the credit union’s online banking platform to access their account information and make transactions.

Michigan First Credit Union is dedicated to serving the needs of its members first and foremost. The credit union operates with a focus on community involvement and philanthropy, donating more than $13 million to various organizations throughout Michigan since 1986. In addition to its charitable efforts, Michigan First Credit Union also sponsors numerous events and programs that benefit its members and the community at large.

History of Michigan First Credit Union

Michigan First Credit Union (MFCU) was founded in 1934 and is the oldest credit union in Michigan. Located in East Lansing, MFCU offers members a variety of products and services, including banking, mortgage, auto loans, and insurance.

The credit union has a long history of supporting local communities. In addition to donating funds to local charities and nonprofit organizations, MFCU also sponsors several events throughout the year, such as the Taste of East Lansing food festival and the Holiday Gift Drive.

MFCU is also a strong supporter of community volunteerism. Members can donate time or resources to various causes through MFCU’s Community Giving Program. In 2017 alone, MFCU donated more than $165,000 to local non-profit organizations.

Michigan First Credit Union is a reliable financial institution that has been helping its members for over 75 years. With a company profile and history like this, it’s no wonder they’ve become one of the most popular credit unions in Michigan!

What are the products and services offered by Michigan First Credit Union?

Michigan First Credit Union (MFCU) is a state-chartered credit union headquartered in Lansing, Michigan. The credit union has more than 158,000 members and offers a variety of products and services to its customers.

MFCU was founded in 1939 and is the oldest continuously operating credit union in Michigan. The credit union provides deposit accounts, loans, insurance products, and other financial services to its members. MFCU also operates a branch network that includes over 100 locations throughout Michigan.

The credit union is committed to helping its members achieve their financial goals. MFCU offers a variety of products and services to help its members meet their financial needs.

These products and services include: 

Deposit Accounts 

MFCU offers a variety of deposit account options that are tailored to meet the needs of its members. Members can open an account with as little as $25 deposited. Account types available at MFCU include: 

Loans 

MFCU offers a variety of loans that are designed to help members meet their financial needs. Members can choose from a variety of loan options, including payday loans, unsecured personal loans, car loans, and student loans. 

Insurance Products 

MFCU offers a wide range of insurance products that are designed to help members protect themselves against potential financial risks. Members can choose from coverage options such as auto insurance, home insurance, life insurance, and disability insurance. 

Other

Comparison to other banks in Michigan

One of the largest credit unions in Michigan, Michigan First Credit Union has over $2 billion in assets and serves more than 220,000 members. They offer a variety of products and services, including checking and savings accounts, loans, mortgages, and insurance.

Michigan First Credit Union was formed in 1917 as the Michigan State Employees Federal Credit Union. It grew rapidly over the years and became one of the state’s largest credit unions by the early 1990s. In 1997, they merged with two other credit unions to form what is now Michigan First Credit Union.

Since its inception, Michigan First Credit Union has been dedicated to serving its members and community. They have funded several nonprofit organizations over the years, including Habitat for Humanity Michigan-East Lansing and Easter Seals Grand Rapids/Wyoming County. Additionally, they have donated millions of dollars to local schools and hospitals.

If you are looking for a reputable credit union that offers a wide range of products and services, look no further than Michigan First Credit Union.

Conclusion

Michigan First Credit Union is a financial institution that was founded in 1935. The credit union provides members with a wide range of products and services, including loans, mortgages, savings accounts, and insurance. Michigan First Credit Union has been instrumental in the development of the state of Michigan and continues to provide essential support to its members today.

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