We are excited to announce that Michigan First Credit Union has been named the 2021 Credit Union of the Year by the National Association of Federally-Insured Credit Unions (NAFCU).
“Being named the 2021 NAFCU Credit Union of the Year is an immense accomplishment that we are incredibly proud of,” said Michigan First Credit Union President/CEO Michael Poulos. “We know how hard our team members work every day to provide exceptional service and the best possible experience for all our members and this award really recognizes their accomplishments.”
The NAFCU Credit Union of the Year award recognizes the overall excellence and achievements of a NAFCU-member credit union based on its outstanding operation and adherence to traditional credit union philosophy. Additionally, each nominee was judged based on how well they meet the selection criteria listed below:
- Unusual growth, success, innovative member service, or a credit union that has successfully handled an adverse situation.
- Impact of the action(s) cited in the nomination on the credit union, its members, or the credit union community
- Adherence to principles of sound financial management.
- Commitment to consumer education, the community, and/or service to low- and moderate-income individuals. (Some examples of services to low- and moderate-income individuals include risk-based lending to those with poor credit scores, credit union branches in high schools, service in low-income areas or to junior enlisted service members and their families on military bases.)
This year’s NAFCU Annual Awards Competition honored eight winners in total and Michigan First was selected by a committee of credit union leaders. Nominees for CEO of the Year, Credit Union of the Year, Professional of the Year and Volunteer of the Year were judged in two categories: credit unions with assets of more than $250 million and those with assets of $250 million or less.
"This year's award winners have truly exemplified the credit union mission. Over the past year, they provided pivotal services to their communities as the nation faced financial hardships associated with the coronavirus pandemic," says NAFCU Awards Committee Chair Melanie Kennedy, president and CEO of Southwest Financial Federal Credit Union. "NAFCU is honored to recognize these winners for representing the credit union industry and providing immeasurable support to both their communities and credit union members."
To learn more about The 2021 Credit Union of the Year, visit MichiganFirst.com.