Consumers Credit Union

Consumers Credit Union is a credit union founded in 1951 and is headquartered in Kalamazoo, Michigan.[1]

Consumers Credit Union
TypeCredit Union
IndustryFinancial services
Founded1951 in Kalamazoo, Michigan
Kalamazoo, Michigan
Number of locations
Total assets$1.4 Billion (2021)
Members108,000 (2021)


Consumers Credit Union was founded in 1951 under the name Kalamazoo Consumers Power Company (KCPC) Employees Federal Credit Union, a credit union for employees of Consumers Energy.[2][3] Consumers became a state-chartered credit union in 1964 and its services grew to include employees of the Palisades nuclear power plant in Covert, Michigan.[4]

Kit Snyder was named the CEO in 1984.[5] The name changed in 1987 to its current Consumers Credit Union.[6] In 1988, they began allowing employees of companies located in the city of Kalamazoo to become members.[4]

In 2017, Consumers Credit Union moved their headquarters into The Groves Engineering Business Technology Park in Kalamazoo.[1]

Awards and recognitionEdit

Year(s) Organization Award
2007-2020 National Association for Business Resources 101 Best & Brightest West Michigan Companies List[7]
2013-2017 National Association for Business Resources National 101 Best & Brightest Companies List[8][9]
2017-2018 MiBiz Top Michigan Credit Union List[10]
2018 S&P Global Market Intelligence Best-Performing Community Banks and Credit Unions List[11]
2020 Credit Union Journal Best Credit Union to Work For in the U.S.[12]


  1. ^ a b Watson, Rachel (5 January 2018). "Credit union moves into new headquarters". Grand Rapids Business Journal. Retrieved 20 August 2018.
  2. ^ Kalamazoo Gazette staff (20 July 2010). "Consumers Credit Union says new Kalamazoo location is a perfect fit". MLive. Retrieved 20 August 2018.
  3. ^ Jones, Al (23 July 2012). "Consumers Credit Union grows; will dedicate two new branches". MLive. Retrieved 20 August 2018.
  4. ^ a b Harger, Jim (14 February 2014). "Kalamazoo credit union moving into Kent County with plans for two new branches". MLive. Retrieved 20 August 2018.
  5. ^ Fredericks, Jake. "How Did I Get Here? - Kit Snyder (C.C.E.)". 269 Magazine. Retrieved 20 August 2018.
  6. ^ "Company Overview of Consumers Credit Union". Bloomberg. Retrieved 20 August 2018.
  7. ^ "West Michigan's Best and Brightest Companies to Work For". March 2018. Retrieved 8 February 2021.
  8. ^ "2016 best and Brightest Companies to Work for in the Nation". Best and Brightest. 8 January 2016. Retrieved 25 September 2018.
  9. ^ "Best and Brightest Companies to Work for in the Nation 2017" (PDF). Best and Brightest. Retrieved 25 September 2018.
  10. ^ "Top Credit Unions" (PDF). MiBiz. 11 November 2013. Retrieved 25 September 2018.
  11. ^ "2018 Credit Union Rankings". SP Global. Retrieved 18 December 2019.
  12. ^ King, W.B. (20 September 2020). "The Best Credit Unions to Work For". American Banker. American Banker. Retrieved 8 February 2021.