Work-in-progress version of SherPa. Work-in-progress version of SherPa.
Michigan
Last updated on 2014-02-01
General
not credit union specific
- Officer Loan Status
- Allowed
- Officer Loan Comment
- Board must reasonably expect the loan to benefit the corporation. Broad.
- Officer Loan Statute
- MCLS § 450.2548
Credit Union Information
- Split Dollar Process
- Allowed
- Split Dollar Comment
- Subject to Bulletin 2013-18-CU
- Parity Process
- Allowed
- Parity Comment
- Subject to Bulletin 2013-18-CU
- Parity Statute
- —
- Alternative To Parity Request
- —
- CDA Status
- Allowed
- CDA Comment
- https://advance.lexis.com/document/?pdmfid=1000516&crid=d54e87f9-ba46-4c48-ae7d-f98bffe4ea03&pddocfullpath=%2Fshared%2Fdocument%2Fstatutes-legislation%2Furn%3AcontentItem%3A8K2B-1WD2-D6RV-H4CM-00000-00&pdtocnodeidentifier=AHNAAEAAFAABAAB&ecomp=76hck&prid=93b56ad1-4bb6-477e-9011-8c52caca3175
- Director Compensation Status
- No comp, insurance ok
- Director Compensation Statute
- MCLS § 490.342
- Credit Union Regulator
- https://www.michigan.gov/difs/0,5269,7-303-13047_32589---,00.html
State Chartered Credit Unions
131 credit unions chartered in Michigan
| Name | Charter Number | CEO | Total Assets | Net Worth | CA SD | Concentration |
|---|---|---|---|---|---|---|
| WILDFIRE | 60057 | Timothy Benecke | $1,093,967,142 | $120,212,853 | $0 | 0% |
| OMNI COMMUNITY | 60105 | Theodore Parsons | $620,039,102 | $76,139,134 | $0 | 0% |
| EASTPOINTE COMMUNITY | 60124 | Theresa Hing | $11,692,636 | $699,129 | $0 | 0% |
| DOW CHEMICAL EMPLOYEES' | 60137 | Michael Goad | $2,229,649,436 | $217,336,981 | $0 | 0% |
| FREESTAR FINANCIAL | 60406 | Drema Isaac | $314,284,092 | $28,085,717 | $0 | 0% |
| TAHQUAMENON AREA | 60423 | Ruben Ison | $72,864,709 | $7,529,883 | $0 | 0% |
| EXTRA | 60428 | Deidra Williams | $329,003,780 | $37,576,840 | $3,955,030 | 10.53% |
| COPOCO COMMUNITY | 60470 | Doreen Smith | $121,892,072 | $9,376,296 | $0 | 0% |
| TLC COMMUNITY | 60509 | Randall Smith | $705,839,316 | $96,141,513 | $0 | 0% |
| MICHIGAN FIRST | 60522 | Michael Poulos | $1,501,550,963 | $174,493,404 | $7,103,635 | 4.07% |
| SOVITA | 60666 | Patrick White | $539,224,557 | $73,454,822 | $0 | 0% |
| PUBLIC SERVICE | 60683 | Dean Trudeau | $370,325,532 | $46,808,557 | $5,235,376 | 11.18% |
| ASTERA | 60920 | Martin Carter | $192,542,815 | $16,724,091 | $0 | 0% |
| MICHIGAN EDUCATIONAL | 60931 | Robert Sandercock | $1,074,066,190 | $112,969,281 | $0 | 0% |
| ADVENTURE | 60936 | Ann Marie Nelson | $449,444,440 | $57,255,900 | $0 | 0% |
| CONSUMERS PROFESSIONAL | 60947 | David Kindy | $94,033,780 | $14,087,592 | $0 | 0% |
| LENCO | 60991 | Ben Neal | $125,264,280 | $11,328,437 | $1,094,226 | 9.66% |
| PEOPLE DRIVEN | 61068 | Renee DeMarco | $355,025,548 | $31,140,628 | $1,428,205 | 4.59% |
| SECURITY | 61159 | Christopher Estes | $606,819,330 | $48,036,461 | $0 | 0% |
| COMMUNITY ALLIANCE | 61184 | Michele Wollard | $113,582,526 | $9,123,616 | $0 | 0% |
| UNITED BAY COMMUNITY | 61186 | Diane Abbonizio | $258,583,781 | $20,816,949 | $0 | 0% |
| KALSEE | 61219 | Matt Lahman | $272,405,313 | $24,928,154 | $1,505,922 | 6.04% |
| ISABELLA COMMUNITY | 61318 | Jenny Hoyle | $188,479,064 | $15,860,893 | $0 | 0% |
| 4FRONT | 61365 | Andrew Kempf | $933,805,619 | $84,986,232 | $0 | 0% |
| MEMBERFOCUS COMMUNITY | 61404 | Jonathon Elliott | $136,466,952 | $13,189,120 | $1,526,055 | 11.57% |
| AEROQUIP | 61405 | Lisa Robinson | $56,876,639 | $7,434,893 | $0 | 0% |
| CHIPPEWA COUNTY | 61416 | Connie Toensing | $39,388,073 | $3,722,900 | $0 | 0% |
| ONE DETROIT | 61495 | Hank Hubbard | $59,236,140 | $7,033,141 | $0 | 0% |
| ADVIA | 61503 | Cheryl DeBoer | $2,734,394,194 | $262,713,071 | $10,036,470 | 3.82% |
| VIBE | 61522 | Allan McMorris | $1,162,350,644 | $135,275,319 | $379,999 | 0.28% |
| UNIVERSITY OF MICHIGAN | 61552 | Tiffany Ford | $1,355,689,856 | $110,221,312 | $0 | 0% |
| FINANCIALEDGE COMMUNITY | 61619 | Jeremy Coberley | $132,109,909 | $12,658,218 | $0 | 0% |
| GABRIELS COMMUNITY | 61630 | Malissa Richardson | $29,452,471 | $3,075,239 | $0 | 0% |
| MICHIGAN COASTAL | 61631 | Rob Viland | $24,718,083 | $2,169,509 | $0 | 0% |
| FAMILY FINANCIAL | 61633 | Deb Dietz | $160,172,983 | $16,868,561 | $0 | 0% |
| LAKE HURON | 61638 | Beverly Lee | $72,124,270 | $8,336,858 | $0 | 0% |
| UNITED FINANCIAL | 61657 | BARBARA APPOLD | $311,413,030 | $30,158,684 | $0 | 0% |
| COMMUNITY WEST | 61677 | Jon Looman | $256,235,955 | $24,745,112 | $0 | 0% |
| MASON COUNTY SCHOOL EMPLOYEES | 61696 | Walter Leinberger | $7,971,306 | $1,349,412 | $0 | 0% |
| MICHIGAN UNITED | 61698 | Andrew Staley | $350,883,986 | $31,595,466 | $0 | 0% |
| LINCOLN PARK COMMUNITY | 61701 | Crystal Hennig | $68,949,199 | $9,138,413 | $0 | 0% |
| ARBOR FINANCIAL | 61708 | Julie Blitchok | $833,776,958 | $69,513,014 | $3,986,971 | 5.74% |
| MONROE COMMUNITY | 61748 | Kristine Brenner | $327,279,348 | $25,994,833 | $2,713,253 | 10.44% |
| FRANKENMUTH | 61755 | VICKIE SCHMITZER | $1,111,675,534 | $104,678,647 | $2,907,171 | 2.78% |
| FIRST AREA | 61756 | Lynn Mccoy | $44,806,420 | $3,785,967 | $0 | 0% |
| ALLIANCE CATHOLIC | 61759 | Rob Grech | $625,995,958 | $69,670,969 | $0 | 0% |
| TEAMSTERS | 61791 | Michael Henmueller | $17,548,761 | $1,690,111 | $0 | 0% |
| TBA | 61795 | Karen Browne | $342,307,444 | $39,030,839 | $0 | 0% |
| ELGA | 61797 | Terry Katzur | $1,253,998,558 | $156,753,687 | $15,602,032 | 9.95% |
| DFCU FINANCIAL | 61844 | Ryan Goldberg | $6,403,962,422 | $765,511,084 | $13,565,632 | 1.77% |
| T&I | 61879 | Kathleen Karner | $96,234,013 | $15,738,988 | $0 | 0% |
| CASE | 61908 | Jeffrey Benson | $392,197,081 | $38,821,540 | $8,633,141 | 22.24% |
| FAMILY FIRST | 61909 | Frances Gibelyou | $94,551,741 | $8,319,486 | $0 | 0% |
| NORTH CENTRAL AREA | 61953 | Mark Richter | $172,477,441 | $12,120,564 | $0 | 0% |
| PARKSIDE | 61985 | JANET THOMPSON | $170,056,134 | $21,407,471 | $2,000,000 | 9.34% |
| GRATIOT COMMUNITY | 61986 | Brenda Miller | $55,517,000 | $3,895,083 | $0 | 0% |
| SAFE HARBOR | 61988 | Adam Johnson | $119,595,360 | $10,628,737 | $0 | 0% |
| SUNRISE FAMILY | 61995 | Barbara Weiler | $150,337,172 | $11,489,099 | $0 | 0% |
| MONTCALM PUBLIC EMPLOYEES | 61999 | Lisa Longnecker | $21,278,804 | $3,375,739 | $0 | 0% |
| FILER | 62010 | KYLE GURZYNSKI | $223,155,095 | $23,492,905 | $0 | 0% |
| BEST FINANCIAL | 62027 | Morgan Rescorla | $129,440,412 | $21,803,724 | $0 | 0% |
| OUR | 62028 | Tina Dix | $383,992,601 | $29,236,754 | $0 | 0% |
| ALPENA-ALCONA AREA | 62035 | Donald Mills | $553,914,182 | $62,175,959 | $0 | 0% |
| EMBERS | 62038 | Thomas Blake | $498,361,814 | $60,958,659 | $0 | 0% |
| COMPASS | 62040 | Erika Bauer | $90,752,311 | $8,478,124 | $1,472,633 | 17.37% |
| LAKE TRUST | 62047 | David Snodgrass | $2,571,414,334 | $234,357,233 | $21,002,706 | 8.96% |
| MICHIGAN SCHOOLS AND GOVERNMENT | 62049 | Peter Gates | $3,149,423,711 | $371,196,690 | $14,162,907 | 3.82% |
| HARBORLIGHT | 62066 | Justin Bamford | $165,834,199 | $12,060,347 | $0 | 0% |
| BLUEOX | 62072 | Steven Cobb | $228,784,821 | $18,441,633 | $605,302 | 3.28% |
| WESTERN DISTRICTS MEMBERS | 62073 | David Keim | $49,793,376 | $6,624,674 | $0 | 0% |
| MEMBERS FIRST | 62076 | Carrie Iafrate | $746,405,075 | $73,443,993 | $0 | 0% |
| COUNTRY HERITAGE | 62079 | Frances Terry | $53,511,215 | $9,115,760 | $0 | 0% |
| U.P. STATE | 62085 | Raymond Theoret | $117,573,883 | $7,922,673 | $0 | 0% |
| FEDERAL EMPLOYEES OF CHIPPEWA CNTY | 62105 | Sabrina Oshelski | $15,347,753 | $1,273,871 | $0 | 0% |
| RIVER VALLEY | 62123 | Janelle Franke | $135,526,898 | $9,593,559 | $0 | 0% |
| TEAM ONE | 62141 | Gerald Hutto | $759,006,361 | $65,977,209 | $0 | 0% |
| SOUTH CENTRAL | 62143 | Terri Papiersky | $94,493,897 | $10,488,725 | $0 | 0% |
| UNITED CHURCHES | 62144 | Susan Smith | $22,789,230 | $1,571,249 | $0 | 0% |
| MARSHALL COMMUNITY | 62160 | Corrie Rozell | $313,944,817 | $48,618,557 | $3,459,226 | 7.12% |
| I.M. DETROIT DISTRICT | 62167 | Kenneth Hollowell | $1,893,202 | $330,963 | $0 | 0% |
| MICHIGAN ONE COMMUNITY | 62169 | Timothy Hemenway | $193,591,721 | $16,578,373 | $0 | 0% |
| CONSUMERS | 62172 | Kit Snyder | $1,884,767,910 | $171,010,098 | $0 | 0% |
| THORNAPPLE | 62196 | Amy Byers | $59,157,716 | $4,214,957 | $0 | 0% |
| WOLVERINE STATE | 62203 | Nicholas Montie | $144,784,134 | $12,876,338 | $0 | 0% |
| AAC | 62217 | Brian Turmell | $196,515,321 | $39,004,384 | $1,691,960 | 4.34% |
| H.P.C. | 62219 | DENNIS WERNER | $161,385,303 | $20,120,189 | $0 | 0% |
| BLOOM | 62243 | Joe Heintskill | $194,557,135 | $16,071,344 | $0 | 0% |
| TOTAL COMMUNITY | 62245 | Susette Schirm | $101,220,843 | $9,632,692 | $442,408 | 4.59% |
| INTANDEM | 62249 | Barbara Page | $73,519,984 | $6,787,190 | $0 | 0% |
| ALPENA COMMUNITY | 62264 | Ann Boyk | $31,970,652 | $2,696,432 | $0 | 0% |
| SAGINAW COUNTY EMPLOYEES | 62282 | Terry Garrison | $48,623,768 | $4,141,607 | $0 | 0% |
| WESTACRES | 62316 | Heather Milz | $7,757,990 | $913,410 | $0 | 0% |
| GREATER NEW MT. MORIAH BAPTIST CHRH | 62324 | Vincent Fields | $76,143 | $73,854 | $0 | 0% |
| SOO CO-OP | 62325 | Lynda Ellis | $260,379,026 | $30,441,249 | $2,185,738 | 7.18% |
| FARM BUREAU FAMILY | 62330 | Brandon Bussa | $23,638,180 | $2,182,540 | $0 | 0% |
| CALCITE | 62333 | Barbara Mills | $124,278,133 | $12,600,645 | $0 | 0% |
| DIVERSIFIED MEMBERS | 62339 | Kathie Trembath | $507,837,674 | $90,140,929 | $0 | 0% |
| PREFERRED | 62340 | John Yeomans | $263,346,562 | $32,452,531 | $0 | 0% |
| DETOUR DRUMMOND COMMUNITY | 62344 | Hilary Fountain | $45,033,336 | $5,261,784 | $0 | 0% |
| WEST MICHIGAN | 62347 | William Keim | $229,552,091 | $34,855,980 | $7,384,141 | 21.18% |
| MEIJER | 62393 | Matthew Yanoschik | $91,138,233 | $8,064,119 | $0 | 0% |
| ZEAL | 62426 | Julie Kreinbring | $872,316,165 | $109,935,421 | $7,005,838 | 6.37% |
| TRI-CITIES | 62508 | Kimberly Hall | $48,323,300 | $5,023,607 | $0 | 0% |
| LAKE MICHIGAN | 62514 | Sandy Jelinski | $12,113,181,915 | $1,244,790,994 | $70,869,319 | 5.69% |
| CREDIT UNION ADVANTAGE | 62517 | Janice Zuchowicz | $31,811,440 | $3,639,711 | $0 | 0% |
| AUTO-OWNERS ASSOCIATES | 62543 | Patty Fox | $46,265,328 | $5,592,948 | $0 | 0% |
| CREDIT UNION ONE | 62562 | Gary Moody | $1,846,138,757 | $142,662,470 | $20,362,057 | 14.27% |
| MICHIGAN LEGACY | 62642 | Carma Peters | $274,364,978 | $23,921,453 | $0 | 0% |
| HONOR | 63004 | Scott McFarland | $1,472,228,308 | $157,791,994 | $2,429,040 | 1.54% |
| THE LOCAL | 63342 | Joseph Hallman | $111,381,093 | $15,062,697 | $1,350,704 | 8.97% |
| CHRISTIAN FINANCIAL | 63805 | Patricia Campbell | $849,518,968 | $76,414,560 | $0 | 0% |
| ELECTRICAL WORKERS LOCAL 58 | 64267 | jeanne nye | $20,305,729 | $1,942,281 | $0 | 0% |
| COMMUNITY CHOICE | 64880 | Robert Bava | $1,686,141,964 | $152,887,535 | $13,685,042 | 8.95% |
| LAKE SUPERIOR | 65085 | Renee Niemi | $10,296,137 | $641,450 | $0 | 0% |
| AMERICAN 1 | 65595 | Martha Fuerstenau | $585,604,153 | $83,241,841 | $7,732,000 | 9.29% |
| WEXFORD COMMUNITY | 65639 | Julie Rushing | $84,329,023 | $6,067,395 | $0 | 0% |
| GR CONSUMERS | 68332 | Timothy Kindred | $50,410,146 | $7,706,160 | $0 | 0% |
| GENISYS | 68536 | Jacqueline Buchanan | $4,116,393,228 | $630,696,406 | $7,850,000 | 1.24% |
| WANIGAS | 68578 | Bernard Williams | $418,825,757 | $57,659,976 | $1,392,585 | 2.42% |
| COMMUNITY FINANCIAL | 68631 | WILLIAM LAWTON | $1,277,191,281 | $144,828,034 | $0 | 0% |
| LAFCU | 68632 | Spyke Patrick | $960,341,470 | $107,391,588 | $0 | 0% |
| FIRST UNITED | 68640 | Mark Richter | $59,014,181 | $6,192,307 | $0 | 0% |
| CORNERSTONE COMMUNITY FINANCIAL | 68641 | Heidi Kassab | $380,821,948 | $45,583,525 | $4,687,702 | 10.28% |
| FINANCIAL PLUS | 68646 | Brad Bergmooser | $830,997,715 | $89,886,217 | $2,015,641 | 2.24% |
| KELLOGG COMMUNITY | 68678 | Tracy Miller | $839,140,988 | $113,841,598 | $750,000 | 0.66% |
| ADVANTAGE ONE | 68679 | Christopher Corkery | $222,510,726 | $20,142,508 | $1,571,794 | 7.8% |
| PFCU | 68690 | Harvey Hoskins | $790,930,888 | $74,617,761 | $0 | 0% |
| JOLT | 68703 | Alan Watson | $456,345,374 | $45,616,796 | $0 | 0% |
| DORT FINANCIAL | 68708 | BRIAN WALDRON | $1,431,121,014 | $197,414,172 | $0 | 0% |
| CATHOLIC VANTAGE FINANCIAL | 68709 | PETER BAGAZINSKI | $131,010,415 | $9,574,344 | $0 | 0% |
| TRUE COMMUNITY | 68718 | Chrissy Siders | $715,195,695 | $71,701,751 | $3,150,389 | 4.39% |