Page 6 - Michigan Credit Union League: CU Impact Report

6 CREDIT UNION IMPACT REPORT FALL 2020

SERVING EVERY CORNER

OF MICHIGAN

Michigan credit
unions are spread

throughout the
state, with more

MICHIGAN DATA: than 1,100 locations

• Population: 10M and nearly 1,700 fee-
• Households: 3.9M free ATMs serving

• Median household income: $54,938 our 5.6 million
• Persons in poverty: 14% members.
• Total businesses: 222,656*

• Total employment
establishment**: 3.9M
213
* 2018
** Single physical location at which business
is conducted or where services or industrial Credit Unions
operations are performed. Credit Union Density Map

MICHIGAN CREDIT UNION MEMBERSHIP CONTINUES TO RISE

Membership in Millions
5.6 5.6
5.5

5.4 5.4

5.2
5.2

5.0 5.0

4.8
4.8
4.7
4.6
4.6
2013 2014 2015 2016 2017 2018 2019 2020
4.4