Michigan Credit Unions Continue Strong Momentum in Q1 2026
The National Credit Union Administration's (NCUA) Q1 2026 Call Report data shows Michigan credit unions carried their year-end momentum into 2026, continuing to record strong loan growth, steady membership gains and meaningful value for members.
Credit union memberships in Michigan reached 6.12 million in Q1 2026, reflecting a 1.0% increase year-over-year, compared with 1.7% nationally. That means membership increased by nearly 18,000 members during the quarter.
In lending, Michigan credit unions continued to outperform the national average, with loan portfolios growing 7.8% over the past 12 months, up from 7.3% at year-end and well ahead of the national growth rate of 4.6%.
According to America's Credit Unions, Michigan credit unions have returned an estimated $1.3 billion in direct financial benefits to their members in 2026. These benefits come from higher savings yields, lower loan rates and fewer fees than traditional banks.
"Michigan credit unions began 2026 with an encouraging first quarter," said MCUL President/CEO Patty Corkery. "It's easy to think about membership growth as a percentage, but this quarter's data represents nearly 18,000 people who chose to join a Michigan credit union. Behind every one of those new memberships is a person or family looking for a trusted financial partner, and that's exactly the role credit unions were created to fill. "
Find the complete NCUA Q1 2026 Call Report here.
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