Banking

Michigan cooperative credit union broadens its field of subscription | Credit Union Journal

Cornerstone Community Financial Credit Union is broadening its fields of subscription to serve members throughout Michigan and parts of Ohio.

The $365 million-asset cooperative credit union in Auburn Hills, Michigan, revealed Thursday that regulators from the Michigan Department of Insurance and Financial Services authorized CCF’s demand to upgrade its protection location to now consist of the whole of its house state, along with the counties of Fulton, Henry, Ottawa and Sandusky in Ohio.

“This expansion of our field-of-membership is an important and exciting step in CCF’s efforts to bring the convenience, commitment and care of a community-minded credit union to as many consumers as possible,” Heidi Kassab, CCF’s president and president, stated in a news release.

Founded in 1951 by workers of Chrysler Corporation’s parts department, CCF has actually grown to serve more than 25,000 members throughout its 6 branches. The cooperative credit union is preparing to include a place in Toledo at some point next year.

“Expanding our charter allows us to serve more members, including those coming to us for online service,” Kassab stated. “It means we can reach more individuals and serve as a valuable community resource, no matter where they live.”



Gabriel

A news media journalist always on the go, I've been published in major publications including VICE, The Atlantic, and TIME.

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