About the Credit Unions in Michigan Market Research Report
What’s Included in the Credit Unions in Michigan Market Research Report
Definition of the Credit Unions in Michigan?
This industry comprises financial institutions known as credit unions or cooperatives. Credit unions provide banking services, primarily taking deposits and lending to these same members. Credit unions are not-for-profit, member-only institutions that offer lower borrowing costs and use surplus funds to offer higher deposit rates.
What’s included in the Credit Unions in Michigan?
The Credit Unions in Michigan includes accepting members' share deposits and offering members consumer loans. Related terms covered in the Credit Unions in Michigan industry report includes a type of loan in which the interest rate that is paid on the outstanding balance is fixed, a rate charged on funds borrowed that is repaid over and above the principal amount borrowed and a loan financing the purchase of real estate with specified payment periods and a fixed or variable interest rate.
Industry Performance of the Credit Unions industry in Michigan
Benchmark the Credit Unions in Michigan industry performance with all MI county and national performance.
Credit Unions in Michigan
#6 in Highest Revenue 3.3% of state's GDPRevenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)
Credit Unions in the US
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)
For the full list of industry drivers, see report purchase options.
Key Drivers of the Credit Unions industry in Michigan
See how key industry drivers, such as are impacting Credit Unions in Michigan
Michigan Economic Indicators
Population
Unemployment Rate
View more economic information in MI State Economic profile
US Key External Drivers
Aggregate household debt
House price index
Prime rate
For the full list of industry drivers, see report purchase options.
County Data of the Credit Unions industry in Michigan
Access proprietary data on county in the Credit Unions in Michigan, such as Wayne County, Oakland County and Kent County. Data includes figures on revenue, establishments, employees and wages by counties.
Key Statistics of the Credit Unions industry in Michigan
Download 18 years of historical data and 5 years of projected performance.
