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State Performance Report

Michigan Credit Union Performance

How the 170 credit unions based in Michigan are performing — size, membership, earnings, capital, growth and loan quality — measured against every U.S. credit union, straight from the public NCUA Call Report.

NCUA data through Q1 2026.

Michigan's 170 credit unions serve 6,123,798 members and hold $119.87B in combined assets. The median Michigan credit union earned a 0.82% return on average assets over the past year, compared with 0.66% for the median U.S. credit union. Median one-year membership growth among Michigan credit unions was -0.18%, compared with -0.55% nationally. Median one-year asset growth was 4.41%, compared with 2.78% nationally. So far this year, 2 Michigan credit unions have completed a merger. Figures are from the Q1 2026 NCUA Call Report.

Download Excel report All Michigan credit unions →

Michigan at a glance

170Credit unions
6,123,798Members
10,140,459Residents (population)
$119.87BTotal assets
$81.70BTotal loans
$102.25BTotal shares & deposits
$14.06BTotal net worth
2Mergers year-to-date

Michigan vs. the United States

System totals are the sum of every credit union based in Michigan. The share column is Michigan's portion of the national figure.

Measure Michigan United States Michigan share
Credit unions170 4,3353.9%
Members6,123,798 147,031,5294.2%
Residents (population)10,140,459 340,110,9883.0%
Total assets$119.87B $2,507.50B4.8%
Total loans$81.70B $1,744.86B4.7%
Total shares & deposits$102.25B $2,143.21B4.8%
Total net worth$14.06B $282.23B5.0%
Mergers year-to-date2 27—

Membership reach. Michigan credit unions report about 60 memberships for every 100 residents, vs 43 nationally — a rough measure of how deeply credit unions reach the population. (This counts memberships, not unique people: one person can belong to more than one credit union, and large Michigan credit unions serve members in other states, so it overstates true in-state penetration.)

The median Michigan credit union

Ratios and growth describe the typical (median) credit union in each place — a robust, outlier-resistant figure — not a single giant institution. Each is computed with the same disclosed equations used across CUNinjas.

Metric Median Michigan CU Median U.S. CU
Return on assets0.82% 0.66%
Net worth ratio11.69% 12.44%
Loan-to-share ratio66.86% 67.86%
Delinquency ratio0.59% 0.63%
Net charge-off ratio0.41% 0.33%
Cost of funds1.02% 1.05%
Member growth (1 yr)-0.18% -0.55%
Asset growth (1 yr)4.41% 2.78%
Loan growth (1 yr)2.88% 0.63%
Share growth (1 yr)3.73% 2.36%
Net worth growth (1 yr)7.83% 5.57%

Trends over time

The median Michigan credit union (solid) vs. the median U.S. credit union (dashed), by year.

Return on assets 0.91% · 0.72%

0.91%0.39% 20162025

— Michigan   ‑‑ U.S.

Net worth ratio 11.79% · 12.46%

12.46%9.77% 20162025

— Michigan   ‑‑ U.S.

Loan-to-share ratio 69.11% · 69.70%

71.76%56.32% 20162025

— Michigan   ‑‑ U.S.

Delinquency ratio 0.73% · 0.72%

0.83%0.38% 20162025

— Michigan   ‑‑ U.S.

Asset growth (1 yr) 4.62% · 3.26%

18.91%-1.48% 20162025

— Michigan   ‑‑ U.S.

Member growth (1 yr) -0.38% · -0.52%

0.49%-0.60% 20162025

— Michigan   ‑‑ U.S.

Michigan leaderboards

Largest by assets

  1. 1 Lake Michigan Credit Union $16.86B
  2. 2 Michigan State University Credit Union $8.51B
  3. 3 DFCU Financial $8.03B
  4. 4 Genisys Credit Union $6.44B
  5. 5 United Credit Union $4.40B
  6. 6 Michigan Schools and Government Credit Union $4.37B
  7. 7 Advia Credit Union $3.97B
  8. 8 Lake Trust Credit Union $2.87B
  9. 9 Consumers Credit Union $2.86B
  10. 10 Dow Chemical Employees' Credit Union $2.61B

Highest return on assets

  1. 1 Co-Op Services Credit Union 2.98%
  2. 2 Michigan Columbus Credit Union 2.68%
  3. 3 Michigan Tech Employees Credit Union 2.26%
  4. 4 Marquette Community Credit Union 2.19%
  5. 5 Taylor Community Credit Union 2.19%
  6. 6 Marshall Community Credit Union 1.85%
  7. 7 Genisys Credit Union 1.79%
  8. 8 Alliance Catholic Credit Union 1.75%
  9. 9 Omni Family Credit Union 1.71%
  10. 10 Service 1 Credit Union 1.71%

Fastest-growing (organic)

  1. 1 West Michigan Credit Union 72.47%
  2. 2 Co-Op Services Credit Union 20.93%
  3. 3 DFCU Financial 16.01%
  4. 4 Genisys Credit Union 15.99%
  5. 5 Consumers Credit Union 15.25%
  6. 6 Lake Michigan Credit Union 14.26%
  7. 7 TLC Community Credit Union 14.16%
  8. 8 Diversified Members Credit Union 13.20%
  9. 9 Alliance Catholic Credit Union 11.30%
  10. 10 Financial Plus Credit Union 10.87%

Leaderboards rank credit unions above $50M in assets on positive measures only (return on assets and organic asset growth, excluding merger-driven jumps); the largest board has no size floor.

Download Excel report All Michigan credit unions →

Method. Compiled from public NCUA 5300 Call Report data (Q1 2026), covering federally insured credit unions headquartered in Michigan that filed for the quarter. System totals are exact sums; ratios and growth are the median credit union in each place, computed through the same disclosed equations used across CUNinjas (a credit union that branches across state lines is counted only in its home state). Cells for a group of fewer than three credit unions are withheld. Population figures are U.S. Census Bureau Vintage 2024 estimates. Not affiliated with the NCUA.