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Michigan Credit Union League

Forbes Names Top 5 Credit Unions in Michigan

Forbes has released its list of "America's Best Credit Unions in Each State," wherein it lists its choice of the five best credit unions for each state using the following criteria:

"To shine a light on the best credit unions in each state, Forbes went directly to their customers, partnering with market research firm Statista to conduct in-depth interviews of more than 26,000 U.S. citizens from all 50 states on their banking relationships.

"For every bank at which they had a checking account, customers provided an overall satisfaction score and were asked if they would recommend that bank to friends and family. Respondents also answered a detailed battery of questions focused in six separate facets of the relationship: Trust, terms & conditions (including reasonable and transparent fees), branch services, digital services, customer service, and financial advice. Based on a 1-100 scale, scores ranged from 74.2 to 93.6, and just 3.4% of credit unions across the country made the cut for the best-in-state rankings."

According to Forbes, here are the five best credit unions in Michigan:

  1. Genisys Credit Union
  2. DFCU Financial
  3. Michigan First Credit Union
  4. Lake Michigan Credit Union
  5. Advia Credit Union

"Congratulations to the top five credit unions honored by Forbes in their 'America’s Best' ranking," said MCUL CEO Patty Corkery. "Each of the five credit unions named brings something unique to our credit union system and makes our Michigan credit union industry even stronger. We value our partnership with the honored credit unions in their affiliation and commitment to MCUL and our hats are off to you!"

Read more of the Forbes list here.

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2022-06-22 00:00:00