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. Retrieved 13 September 2024.