Michigan CU Gets Broad MembershipPowers
LANSING, Mich. - (07/15/05) -- State regulators have approved anapplication from State Employees CU to serve more than four millionof the state's 10 million residents in 28 of the state'scounties--one of the largest community charters ever granted acredit union. Membership of the $750 million credit union iscurrently centered around state employees, their families orretirees. "Prior to this expansion, SECU's field of membership wasmore restrictive and confusing to potential members. Now all ofMid-Michigan has another financial solutions option and the valueof membership is open to the general public in our service area,"said Steve Winninger, president of the credit union, of the broadmembership grant.