MICHIGAN DEPARTMENT OF INSURANCE AND FINANCIAL …

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MICHIGAN DEPARTMENT OF INSURANCE AND FINANCIAL SERVICES

P.O. Box 30220 Lansing, Michigan 48909-7720 CREDIT UNION ACTIVITY REPORT

The following report is a compilation of credit union corporate structure activities processed by the Department of Insurance and Financial Services. This report includes applications processed for state-chartered credit unions pursuant to MCL 490.1 et seq.

FOR THE MONTH ENDING DECEMBER 31, 2016

Date Accepted 04/13/2015

10/02/2015 10/15/2015 10/27/2015 12/01/2015 01/13/2016 01/27/2016 03/04/2016 04/25/2016

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DEPARTMENT OF INSURANCE AND FINANCIAL SERVICES (DIFS) DECEMBER 2016

CREDIT UNION APPLICATIONS

Name of Institution(s) and Transaction Details

Details

Conversion: Kellogg Community Federal Credit Union, Battle Creek

Tentatively approved 10/12/2015. Certificate of Approval, Certificate of Organization, and approved Bylaws issued 05/16/2016. Effective 06/01/2016.

Merger: Redford Municipal Employees Credit Union, Redford, with and into Public Service Credit Union, Romulus

Tentatively approved 10/29/2015. Director's Order issued 11/12/2015. Certificate of Merger issued 01/11/2016. Effective 12/01/2015.

Merger: Village Community Credit Union, Dearborn, with and into Parkside Credit Union, Livonia

Tentatively approved 11/19/2015. Director's Order issued 11/24/2015. Certificate of Merger issued 02/01/2016. Effective 01/01/2016.

Merger: United Federal Credit Union, St. Joseph, with and into Lake Withdrawn 01/08/2016. Michigan Credit Union, Grand Rapids

Conversion: Advantage One Federal Credit Union, Brownstown Township

Tentatively approved 03/30/2016. Effective July 1, 2016.

Merger: Metro Shores Credit Union, Trenton, with and into Public Service Credit Union, Romulus

Tentatively approved 02/04/2016. Director's Order issued 03/23/2016. Certificate of Merger issued 05/05/2016. Effective 04/01/2016.

Merger: FM Financial Credit Union, Flint with and into Team One Credit Union, Saginaw

Tentatively approved 02/03/2016. Director's Order issued 02/17/2016. Certificate of Merger issued 03/31/2016. Effective 03/01/2016.

Merger: My Postal Credit Union, Pontiac with and into Oakland County Credit Union, Waterford

Tentatively approved 03/23/2016. Director's Order issued 04/20/2016. Certificate of Merger issued 05/31/2016. Effective 05/01/2016.

Acquisition: Advia Credit Union, Parchment to acquire Mid America Bank, Janesville, Wisconsin

Tentatively approved 06/29/2016. Director's Order issued 07/26/2016. Certificate of Acquisition issued 10/20/2016. Effective 08/01/2016.

Date Accepted 06/06/2016

08/01/2016

10/11/2016

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DEPARTMENT OF INSURANCE AND FINANCIAL SERVICES (DIFS) DECEMBER 2016

CREDIT UNION APPLICATIONS

Name of Institution(s) and Transaction Details

Details

Merger: Manistee Federal Credit Union, Manistee, Michigan with and into West Michigan Credit Union, Grand Rapids

Tentatively approved 07/07/2016. Director's Order issued 08/17/2016. Merger extended to 11/30/2016. Certificate of Merger issued 12/20/2016. Effective 10/22/2016.

Merger: United VIP Credit Union, Sterling Heights, Michigan with and into BlueOx Credit Union, Battle Creek

Tentatively approved 08/30/2016. Director's Order issued 09/28/2016. Merger extended to 12/27/2016. Certificate of Merger issued 12/20/2016. Effective 10/01/2016.

Merger: Christopher Credit Union, Chesaning, Michigan with and into Tentatively approved 10/19/2016. United Financial Credit Union, Saginaw

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STATISTICAL RECAPITULATION SHEET

Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.

Number of State-Chartered Credit Unions--Beginning .

162 161

160 158 156

154 155

156 156

156 156

156

Plus: Charters Granted .................................................

0

0

0

0

0

0

0

0

0

0

0

0

Conversions .........................................................

0

0

0

0

0

1

1

0

0

0

0

0

Less: Mergers/Consolidations/Purchase & Assumption

1

1

2

1

2

0

0

0

0

0

0

1

Dissolutions .........................................................

0

0

0

1

0

0

0

0

0

0

0

0

Conversions .........................................................

0

0

0

0

0

0

0

0

0

0

0

0

Number of State-Chartered Credit Unions--Month-

End .......................................................................................

161 160 158 156 154

155 156 156 156 156 156 155

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