Michigan One Community Credit Union recently held a ground-breaking ceremony to commemorate the building of their newest office. This will be their fifth location and is expected to open for members in September of 2019.
“This is a very exciting day,” said M1 CEO Tim Hemenway. “Our members have been extremely loyal and supportive, which is the main reason we have seen so much success over the years. Our success means we can continue to grow and serve more communities. With our State-wide field of membership, anyone can join M1 and we welcome the entire Alma community to discover the M1 Difference. It’s a great time to be a credit union member; it’s an especially awesome time to be a Michigan One Community Credit Union member.”
To celebrate the occasion, M1 presented checks of $1,000 each to the Gratiot County Community Foundation and the Greater Gratiot Development, Inc. “Giving back to our community is at the foundation of who Michigan One is and we are excited to be bringing that philosophy to the Alma area. We support numerous community organizations in Ionia and Montcalm counties and with the addition of the Alma Office, it will be no different in Gratiot County,” said M1 Relationship Development Manager Ryan Wilson.
Michigan One Community Credit Union recently held a check presentation ceremony to provide funds raised during the 2019 Drive for Your School Event to two local school organizations. The recipients this year were Rather Elementary and the Ionia Affiliated Athletic Boosters. The Event provided a total of $1,290 this year, with Rather receiving $350 and the IAAB receiving $940. Congratulations to this year's recipients.
Michigan One Community Credit Union (M1) announced that the Department of Insurance and Financial Services of the State of Michigan approved M1 for state-wide field of membership effective May 23, 2017. State-wide field of membership means that any person who lives, works, worships or attends school in the state of Michigan can join M1.
“After years of achieving excellent financial strength and security, our volunteer board of directors decided to apply for state-wide field of membership,” said M1 CEO Tim Hemenway. “As many financial institutions in our state continue to merge or close in our communities, Michigan One Community Credit Union remains dedicated to sustaining membership and community value. Expanding our membership from specific counties in Michigan to the entire state, allows us to serve more members, and makes joining easier for members throughout our communities.”
Approval for changes in field of membership require the Department of Insurance and Financial Services to review a variety of credit union information, including historical financial performance and strength, as well as financial projections.