Dear Valued Member,
I want to thank you for your membership and continued support of Michigan United Credit Union. As you may be aware, there has been recent news of bank closures. I want to assure you that Michigan United Credit Union continues to be a safe and sound financial institution.
I would like to remind you, that all member deposits are insured to at least $250,000 by the National Credit Union Association (NCUA), through the National Credit Union Share Insurance Fund (NCUSIF). No depositor has ever lost a penny of insured deposits in a federally insured credit union.
Michigan United Credit Union is well-capitalized and maintains the highest financial safety and security ratings. We maintain a conservative balance sheet and risk policies to ensure the credit union stays strong through various economic cycles. The credit union’s 2022 Annual Report will be available on our website at the end of March for your review.
If you have any additional questions or concerns, please feel free to contact us. Thank you again for being a member and putting your trust in Michigan United Credit Union, as we move Forward Together.
Michigan United Credit Union