Consumers Credit Union

Last updated
Consumers Credit Union
Type Credit Union
Industry Financial services
Founded1951 in Kalamazoo, Michigan
Headquarters
Kalamazoo, Michigan
,
Number of locations
22
Total assets $1.4 Billion (2021)
Members108,000 (2021)
Website consumerscu.org

Consumers Credit Union is a credit union founded in 1951 and is headquartered in Kalamazoo, Michigan. [1]

Contents

History

Consumers Credit Union was founded in 1951 under the name Kalamazoo Consumers Power Company (KCPC) Employees Federal Credit Union, a credit union for employees of Consumers Energy. [2] [3] Consumers became a state-chartered credit union in 1964 and its services grew to include employees of the Palisades nuclear power plant in Covert, Michigan. [4]

The name changed in 1987 to its current Consumers Credit Union. [5] In 1988, they began allowing employees of companies located in the city of Kalamazoo to become members. [4]

In 2017, Consumers Credit Union moved their headquarters into The Groves Engineering Business Technology Park in Kalamazoo. [1]

Awards and recognition

Year(s)OrganizationAward
2007-2020National Association for Business Resources101 Best & Brightest West Michigan Companies List [6]
2013-2017National Association for Business ResourcesNational 101 Best & Brightest Companies List [7] [8]
2017-2018MiBizTop Michigan Credit Union List [9]
2018 S&P Global Market Intelligence Best-Performing Community Banks and Credit Unions List [10]
2020 Credit Union Journal Best Credit Union to Work For in the U.S. [11]

Related Research Articles

<span class="mw-page-title-main">Albion, Michigan</span> City in Michigan, United States

Albion is a city in Calhoun County in the south central region of the Lower Peninsula of the U.S. state of Michigan. The population was 7,700 at the 2020 census and is part of the Battle Creek Metropolitan Statistical Area.

<span class="mw-page-title-main">Kalamazoo, Michigan</span> City in Michigan, United States

Kalamazoo is a city in the southwest region of the U.S. state of Michigan. It is the county seat of Kalamazoo County. At the 2010 census, Kalamazoo had a population of 74,262. Kalamazoo is the major city of the Kalamazoo-Portage Metropolitan Statistical Area, which had a population of 335,340 in 2015.

<span class="mw-page-title-main">ATB Financial</span> Canadian financial institution

ATB Financial is a financial institution and Crown corporation wholly owned by the province of Alberta, the only province in Canada with such a financial institution under its exclusive ownership.

<span class="mw-page-title-main">Fabri-Kal</span> American company

Fabri-Kal is a United States company. It is a provider of plastic foodservice and custom thermoformed packaging. Products include consumer and foodservice products including plastic cups, containers and lids. It is privately owned. It is headquartered in Kalamazoo, Michigan. Fabri-Kal specializes in materials including PP, PET, PCR-PET, HDPE, PLA, renewable agricultural pulp and HIPS.

<span class="mw-page-title-main">Navy Federal Credit Union</span> Credit union in the United States

Navy Federal Credit Union is an American global credit union headquartered in Vienna, Virginia, chartered and regulated under the authority of the National Credit Union Administration (NCUA). Navy Federal is the largest natural member credit union in the United States, both in asset size and in membership. As of July 2023, Navy Federal has US$165.2 billion in assets and has 13 million members.

SteelcaseInc. is an American manufacturer of furniture, casegoods, seating, and storage and partitioning systems for offices, hospitals, classrooms, and residential interiors. It is headquartered in Grand Rapids, Michigan, United States.

<span class="mw-page-title-main">Consumers Energy</span> American public utility

Consumers Energy is an investor owned utility that provides natural gas and electricity to 6.7 million of Michigan's 10 million residents. It serves customers in all 68 of the state's Lower Peninsula counties. It is the primary subsidiary of CMS Energy. The company was founded in 1886 and is currently headquartered in Jackson, Michigan.

Rocket Mortgage, LLC, formerly Quicken Loans, LLC, is an American mortgage lender, headquartered in Detroit, Michigan. In January 2018, the company became the largest overall retail lender in the U.S.. Unlike other large mortgage lenders that depend on deposits, Rocket Mortgage relies on wholesale funding to make its loans and uses online applications rather than a branch system. Amrock and One Reverse Mortgage are also part of the Rocket Mortgage Family of Companies. The company closed more than $400 billion of mortgage volume across all 50 states from 2013 through 2017.

<i>Kalamazoo Gazette</i> Newspaper in Kalamazoo, Michigan

The Kalamazoo Gazette is the daily newspaper in Kalamazoo, Michigan, and is part of MLive Media Group, Michigan's largest local media organization. The Gazette publishes seven days a week. Papers are available for home delivery on Thursday and Sunday.

<span class="mw-page-title-main">Wells Fargo</span> American multinational banking and financial services company

Wells Fargo & Company is an American multinational financial services company with a significant global presence. The company operates in 35 countries and serves over 70 million customers worldwide. It is a systemically important financial institution according to the Financial Stability Board, and is considered one of the "Big Four Banks" in the United States, alongside JPMorgan Chase, Bank of America, and Citigroup.

Michigan State University Federal Credit Union (MSUFCU) is an American credit union headquartered in East Lansing, Michigan. Primarily serving students and alumni of Michigan State University and Oakland University, MSUFCU is the largest university-based credit union in the world, and is federally chartered and regulated under the National Credit Union Administration (NCUA). MSUFCU provides a variety of financial products and services including deposit accounts, personal and business loans, investments, and insurance, among others. MSUFCU is owned by its members, which elect a board of directors to oversee its operations. As of year-end 2020, MSUFCU has 21 branches, over 300,000 members, more than $5.6 billion in assets, and nearly 900 employees.

<span class="mw-page-title-main">Jase Bolger</span> American politician

James "Jase" Bolger served as the 71st Speaker of the Michigan House of Representatives from January 12, 2011 to the end of 2014 session. Bolger is a member of the Republican Party, and represented Michigan's 63rd house district from 2009 to 2014. After being term limited out, he founded a consulting firm, Tusker Strategies. Bolger was also appointed by former Governor Rick Snyder on December 29, 2016 to the Michigan Civil Service Commission and was elected chair on April 27, 2023.

<span class="mw-page-title-main">Bell's Brewery</span> Brewing company in Comstock, Michigan, US

Bell's Brewery, Inc. is an American craft brewing company, with operations in Comstock and Kalamazoo, Michigan. Bell's brews acclaimed beers such as Hopslam Ale, Oberon Ale, and Two Hearted Ale. It operates a brewpub and a store selling merchandise and homebrewing supplies at its Kalamazoo location. Begun as a homebrewing store in 1983, and producing beer since 1985, it is the oldest existing craft brewery in Michigan and the oldest craft brewery east of Colorado. As of 2021, it was the 6th largest craft brewery in the United States, and was the largest independently owned brewery in Michigan when founder Larry Bell sold the company to Lion Little World Beverages - an Australian subsidiary of the Japanese Kirin beverage group at the end of 2021. The company also owns Upper Hand Brewery, a separately operated division in Escanaba, Michigan.

<span class="mw-page-title-main">Nexteer Automotive</span>

Nexteer Automotive is a global motion control technology company. It is a publicly traded company owned about one-third by its shareholders and about two-thirds by Pacific Century Motors, which in turn is 51% owned by AVIC Automotive. Nexteer's global headquarters is in Auburn Hills, Michigan, United States.

<span class="mw-page-title-main">Lake Trust Credit Union</span>

Lake Trust Credit Union is a community-based credit union headquartered in Brighton, Michigan. It is a not-for-profit financial cooperative 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 directors. The earliest predecessor of Lake Trust Credit Union was Detroit Edison Credit Union, which was chartered in 1944. In 2010, Detroit Edison merged with NuUnion Credit Union to establish Lake Trust Credit Union.

<span class="mw-page-title-main">Solar power in Michigan</span> Overview of solar power in the U.S. state of Michigan

Solar power in Michigan has been growing in recent years due to new technological improvements, falling solar prices and a variety of regulatory actions and financial incentives. The largest solar farm in Michigan is Assembly Solar, completed in 2022, which has 347 MW of capacity. Small-scale solar provided 50% of Michigan solar electricity as recently as 2020 but multiple solar farms in the 100 MW to 200 MW range are proposed to be completed by the middle of the decade. Although among the lowest U.S. states for solar irradiance, Michigan mostly lies farther south than Germany where solar power is heavily deployed. Michigan is expected to use 120 TWh per year in 2030. To reach a 100% solar electrical grid would require 2.4% of Michigan's land area to host 108 GW of installed capacity.

<span class="mw-page-title-main">Randolph-Brooks Federal Credit Union</span> Credit union in Live Oak, Texas

Randolph-Brooks Federal Credit Union (RBFCU) is a credit union headquartered in Live Oak, Texas, chartered and regulated under the authority of the National Credit Union Administration (NCUA). RBFCU serves more than 850,000 members from a network of full-service branch locations in Texas, and has more than $14.77 billion in assets as of May 2022. It is one of the largest credit unions in the United States; and is the largest credit union in Texas, and the 11th largest credit union in the United States, based on total assets.

Michigan Department of Insurance and Financial Services (DIFS), formerly the Office of Financial and Insurance Regulation, is a principal department in the Michigan executive branch with responsibility for insurance and financial institutions.

<span class="mw-page-title-main">Keweenaw Brewing Company</span> Craft brewery in Michigan

The Keweenaw Brewing Company (KBC) is a craft brewer with a taproom in Houghton and a production facility in nearby South Range, Michigan. It is named for the Keweenaw Peninsula, which projects out to the north of Michigan's Upper Peninsula.

References

  1. 1 2 Watson, Rachel (5 January 2018). "Credit union moves into new headquarters". Grand Rapids Business Journal. Retrieved 20 August 2018.
  2. Kalamazoo Gazette staff (20 July 2010). "Consumers Credit Union says new Kalamazoo location is a perfect fit". MLive. Retrieved 20 August 2018.
  3. Jones, Al (23 July 2012). "Consumers Credit Union grows; will dedicate two new branches". MLive. Retrieved 20 August 2018.
  4. 1 2 Harger, Jim (14 February 2014). "Kalamazoo credit union moving into Kent County with plans for two new branches". MLive. Retrieved 20 August 2018.
  5. "Company Overview of Consumers Credit Union". Bloomberg. Retrieved 20 August 2018.
  6. "West Michigan's Best and Brightest Companies to Work For". March 2018. Retrieved 8 February 2021.
  7. "2016 best and Brightest Companies to Work for in the Nation". Best and Brightest. 8 January 2016. Retrieved 25 September 2018.
  8. "Best and Brightest Companies to Work for in the Nation 2017" (PDF). Best and Brightest. Retrieved 25 September 2018.
  9. "Top Credit Unions" (PDF). MiBiz. 11 November 2013. Retrieved 25 September 2018.
  10. "2018 Credit Union Rankings". SP Global. Retrieved 18 December 2019.
  11. King, W.B. (20 September 2020). "The Best Credit Unions to Work For". American Banker. American Banker. Retrieved 8 February 2021.