Consumers Credit Union

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

Consumers Credit Union
TypeCredit Union
IndustryFinancial Services
Founded1951 in Kalamazoo, Michigan
Headquarters
Kalamazoo, Michigan
,
United States
Number of locations
22
Total assets$1.4 Billion (2021)
Members108,000 (2021)
Websiteconsumerscu.org

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]

Kit Snyder was named the CEO in 1984.[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.[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[7]
2013-2017National Association for Business ResourcesNational 101 Best & Brightest Companies List[8][9]
2017-2018MiBizTop Michigan Credit Union List[10]
2018S&P Global Market IntelligenceBest-Performing Community Banks and Credit Unions List[11]
2020Credit Union JournalBest Credit Union to Work For in the U.S.[12]

References
  1. 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. Harger, Jim (14 February 2014). "Kalamazoo credit union moving into Kent County with plans for two new branches". MLive. Retrieved 20 August 2018.
  5. Fredericks, Jake. "How Did I Get Here? - Kit Snyder (C.C.E.)". 269 Magazine. Retrieved 20 August 2018.
  6. "Company Overview of Consumers Credit Union". Bloomberg. Retrieved 20 August 2018.
  7. "West Michigan's Best and Brightest Companies to Work For". Retrieved 8 February 2021.
  8. "2016 best and Brightest Companies to Work for in the Nation". Best and Brightest. Retrieved 25 September 2018.
  9. "Best and Brightest Companies to Work for in the Nation 2017" (PDF). Best and Brightest. Retrieved 25 September 2018.
  10. "Top Credit Unions" (PDF). MiBiz. 11 November 2013. Retrieved 25 September 2018.
  11. "2018 Credit Union Rankings". SP Global. Retrieved 18 December 2019.
  12. King, W.B. (20 September 2020). "The Best Credit Unions to Work For". American Banker. American Banker. Retrieved 8 February 2021.
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