Forbes Names Top 5 Credit Unions in Michigan in 2023
Forbes has released the 2023 version of 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 create the list … Forbes partnered with market research firm Statista and surveyed approximately 31,000 U.S. residents. Participants were asked to name all the banks and credit unions where they have a checking or savings account and evaluate these institutions based on criteria such as customer service, the quality of the financial advice representatives offer and whether fees are transparent and reasonable. They were also asked about the ease of navigating the company website, on-location branch services and the overall level of trust the companies inspired. Additionally, reviews and ratings posted on Google Reviews between March 2020 and April 2023 were evaluated for each bank and credit union.”
According to Forbes, here are the five best credit unions in Michigan:
1. ELGA Credit Union
2. Michigan Schools & Government Credit Union
3. United Federal Credit Union
4. Genisys Credit Union
5. American 1 Credit Union
The article touts many benefits of being a credit union member, including low rates and fees, high savings, cooperative ownership and paid dividends.
Read more of the Forbes list here.