7 Michigan CUs Named Best to Work For in 2024
American Banker released its annual list of Best Credit Unions to Work For, featuring 70 national credit unions. Of those 70, seven are Michigan credit unions.
According to the publication, the winners were ranked via two surveys with the help of Best Companies Group. The first survey was completed by employees to measure their satisfaction, while the second survey weighed the benefits and policies of each credit union, including leading programs such as cost-free telehealth visits, employee appreciation events, volunteer opportunities and more.
Of the institutions that made the list, 92% of employees said they were satisfied with their current employer and 77% of honorees' employees felt rewarded for good work.
The full 2024 Best Credit Unions to Work For list was featured here.
Listed 22nd is Kalamazoo-based Consumers Credit Union. The piece cited the organization’s health and wellness resources, including its sports center and partnership with a personalized health program, AM Wellness.
“We are continually working together to provide excellent service to our members and our member surveys rank us as top in class,” said CEO Scott Sylvester. “This is due to the servant leadership, training and collaboration of our Consumers Credit Union team. Receiving Best Place to Work recognition is a highlight we don't take for granted and are extremely proud of”
At 36 is United Federal Credit Union (UFCU), headquartered in Saint Joseph. American Banker cited UFCU’s payday alternative loans and routine internal feedback gathering.
Listed at 44 is Ann Arbor-based University of Michigan Credit Union, which garnered attention for expanding its leadership development program to include tailored plans and paths for specific roles, as well as free in-person yoga classes for staff.
"We are honored and humbled to receive this acknowledgment," said CEO Tiffany Ford. "Our purpose is to amaze our members, community and team by working together for our shared success. This recognition is a result of staying true to our purpose and we will continue to do so."
At 46 is Members First Credit Union in Midland. American Banker cited the organization’s “diverse suite of employee programs that range from paid family care leave for employees with parents who require care to a revised hybrid work program that provides an annual allowance for outfitting at-home offices.”
CEO Carrie Iafrate shared her pride in the team’s achievement, "This recognition speaks to the heart of who we are—our culture of purpose, belonging, and joy. We are excited to continue building stronger communities and helping our members thrive."
Listed 58th is Michigan First Credit Union in Lathrup Village, which garnered attention for its bolstered security measures in the face of increased fraud, as well as an in-house bowling alley for staff recreation.
"Being named one of American Banker's Best Credit Unions to Work For is a testament to the extraordinary people who make Michigan First more than just a workplace,” said CEO Jennifer Borowy. “This distinction highlights the dedication and passion of our incredible team members, who have fostered a collaborative and engaging environment. I am grateful for the team that we have, and proud to lead such a wonderful organization.”
At 63 is the Lansing-based Astera Credit Union. The credit union launched a new product, Financial Freedom Loan, to assist with making on-time payments and provide members with financial literacy opportunities. Astera also offers staff a paid day off to volunteer at charities.
"We are deeply honored to be recognized by American Banker as one of the best credit unions to work for,” said CEO Martin Carter. “This achievement is a testament to the incredible culture we've cultivated at Astera Credit Union, where every team member is valued and empowered. Our commitment to fostering a positive, supportive work environment is at the core of our success, and this recognition reinforces our dedication to our employees, who are the heart and soul of our organization."
Listed 70th is LAFCU, also in Lansing. American Banker cited the organization’s $50 certificate of deposit program to entice members of various income levels to "make wealth-building more accessible and inclusive, empowering individuals to take control of their financial futures and lay the foundation for long-term prosperity," according to the credit union. LAFCU also delivers personalized gifts to team members for staff appreciation day.
"Being named a Best Credit Union to Work For once again is an incredible honor that reflects our commitment to fostering a culture that actively engages the staff in every aspect of our organization," said CEO Patrick Spyke. "From product development and DEIJ initiatives to our employee recognition program through HR, we are intentionally building an environment where every team member has a voice. This recognition shows that our success is a direct result of our team's dedication and the collaborative spirit we’ve cultivated together."
« Return to "Community Impact Stories"
