Dear Valued M1 Member,

Over the past week, the banking industry has come under heightened scrutiny following the closure of Silicon Valley Bank and Signature Bank of New York. I understand that this news likely raised concerns regarding your credit union, so I wanted to take this opportunity to reiterate the safety and soundness of Michigan One Community Credit Union. 

  • Michigan One Community Credit Union’s financial position is very strong!  M1 properly manages its liquidity and diversifies its portfolio.  In addition, M1 is well-capitalized, according to the National Credit Union Administration (NCUA.)
  •  Your deposits at M1 are federally insured up to $250,000 by the NCUA Insurance Fund. 
    • For more information about NCUA Coverage, please click here
    • To calculate your coverage, please click here.
  • As credit unions are heavily regulated and required to remain in compliance with strict soundness standards, you can be sure your accounts at M1 are safe and protected. 

Most importantly, I want to reassure you that M1 remains strong and secure.  M1 has proudly served our members for the last 69 years and we honor the trust you have placed in your credit union.  We are committed to our membership, and we operate with conservative policies to ensure we are here to serve you for another 69+ years.  Thank you for your trust!


Hailie Patterson


Michigan One Community Credit Union

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