Consumers Credit Union

Last updated
Consumers Credit Union
Company type Credit Union
Industry Financial services
Founded1951;74 years ago (1951) in Kalamazoo, Michigan
Headquarters
Kalamazoo, Michigan
,
United States
Number of locations
29 [1]
Total assets $2.3 Billion [1]  (2024)
Members140,122 [1]  (2024)
Website consumerscu.org

Consumers Credit Union is a credit union founded in 1951 and is headquartered in Kalamazoo, Michigan. [2]

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. [3] [4] 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. [5]

The name changed in 1987 to its current Consumers Credit Union. [6] In 1988, they began allowing employees of companies located in the city of Kalamazoo to become members. [5]

In 2017, Consumers Credit Union moved their headquarters into The Groves Engineering Business Technology Park in Kalamazoo. [2] On July 2, 2022, Scott Sylvester became CEO of Consumers Credit Union. [7]


References

  1. 1 2 3 "Consumers CU (MI)". DepositAccounts. Retrieved 1 October 2024.
  2. 1 2 Watson, Rachel (5 January 2018). "Credit union moves into new headquarters". Grand Rapids Business Journal. Retrieved 20 August 2018.
  3. ↑ Kalamazoo Gazette staff (20 July 2010). "Consumers Credit Union says new Kalamazoo location is a perfect fit". MLive. Retrieved 20 August 2018.
  4. ↑ Jones, Al (23 July 2012). "Consumers Credit Union grows; will dedicate two new branches". MLive. Retrieved 20 August 2018.
  5. 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.
  6. ↑ "Company Overview of Consumers Credit Union". Bloomberg. Retrieved 20 August 2018.
  7. ↑ Sanchez, Mark (28 July 2022). "Sylvester takes over Consumers Credit Union after longtime CEO retires". Crains Grand Rapids. Archived from the original on 26 February 2024. Retrieved 13 September 2024.
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