Jennifer is proud to be a candidate for the Federal Home Loan Bank of Indianapolis Board of Directors.
Voting for the open Michigan member seat takes place from September 22 through October 23.
If you are eligible, please vote today.
Meet Jennifer Borowy
Jennifer Borowy is the President and CEO of Michigan First Credit Union in Lathrup Village, Michigan, where she drives the organization’s strategic vision and operational excellence. With over 18 years of experience in the financial industry, Jennifer brings a proven track record of innovation and leadership to an organization with over 100 years of history. She joined Michigan First in 2018 as Chief Member Experience Officer and was quickly promoted to Chief Operations Officer the following year.Jennifer began her banking career with National City Bank, which later became part of PNC Bank, balancing multiple roles while earning her Master of Business Administration from Walsh University. She later advanced from Assistant Branch Manager to Vice President of one of the largest branches in the PNC network.
Before joining Michigan First, Jennifer served as President and CEO of Buckeye State Credit Union in Akron, Ohio. Her leadership led to a significant turnaround in profitability and net worth, earning her Credit Union Magazine’s 2018 Rock Stars Award and ensuring that Buckeye State Credit Union was set up for success.
From 2024 to 2025, Jennifer was honored for her impactful work by Crain’s Detroit Business as a member of the 40 Under 40 class, by DBusiness as a 30 in Their Thirties honoree, by Michigan Women Forward as a Women to Watch honoree, and by Walsh University as the recipient of a Professional Achievement Award for outstanding alumni. She is proud to serve on the Supervisory Committee for Alloya Corporate Federal Credit Union, and on the Executive Committee and as co-chair of the Neighborhoods Committee for the Detroit CDFI Coalition.
An Ohio native, Jennifer now resides in Michigan with her husband and two daughters.
Jennifer's Board Candidacy StatementÂ
Representing Credit Union growth, longevity, and community impact.
Michigan First Credit Union’s mission is to improve the financial well-being of the communities we serve. We are committed to expanding access to essential banking services in underserved areas, providing second-chance opportunities for individuals overcoming financial challenges, and offering affordable rates and loan solutions to help our members improve their financial futures.
FHLBI plays a critical role in helping institutions like Michigan First meet the evolving needs of our members. Through its liquidity programs, FHLBI allows us to maintain strong lending capacity, expand homeownership opportunities, and continue serving our members through changing economic conditions. Additionally, FHLBI provides essential funding that supports affordable housing development and homeownership initiatives across Michigan, helping to improve economic outcomes for many families. In my role as CEO of a Community Development Financial Institution (CDFI), I see first-hand the meaningful impact these resources have.
My broad financial services background would bring a valuable and distinct perspective to the FHLBI board. In addition to extensive credit union knowledge, my experience at Michigan First gives me unique insight into the real-world impact of affordable housing and community development initiatives. I understand both the strategic importance of FHLBI's programs and the tangible difference they make in the lives of individuals and families.
As a member of the board, I would well represent the credit union category through a member-focused perspective, a strong commitment to community impact, and a deep appreciation for FHLBI's mission. I would be honored to contribute to the continued success of the organization and help ensure that its programs and resources remain responsive to the needs of member institutions and the communities they serve.
Michigan First Credit Union’s mission is to improve the financial well-being of the communities we serve. We are committed to expanding access to essential banking services in underserved areas, providing second-chance opportunities for individuals overcoming financial challenges, and offering affordable rates and loan solutions to help our members improve their financial futures.
FHLBI plays a critical role in helping institutions like Michigan First meet the evolving needs of our members. Through its liquidity programs, FHLBI allows us to maintain strong lending capacity, expand homeownership opportunities, and continue serving our members through changing economic conditions. Additionally, FHLBI provides essential funding that supports affordable housing development and homeownership initiatives across Michigan, helping to improve economic outcomes for many families. In my role as CEO of a Community Development Financial Institution (CDFI), I see first-hand the meaningful impact these resources have.
My broad financial services background would bring a valuable and distinct perspective to the FHLBI board. In addition to extensive credit union knowledge, my experience at Michigan First gives me unique insight into the real-world impact of affordable housing and community development initiatives. I understand both the strategic importance of FHLBI's programs and the tangible difference they make in the lives of individuals and families.
As a member of the board, I would well represent the credit union category through a member-focused perspective, a strong commitment to community impact, and a deep appreciation for FHLBI's mission. I would be honored to contribute to the continued success of the organization and help ensure that its programs and resources remain responsive to the needs of member institutions and the communities they serve.