AUBURN HILLS, Mich. – The $365-million Cornerstone Community Financial Credit Union said theState of Michigan’s Department of Insurance and Financial Services has given it the OK to expand its field-of-membership into both Michigan and Ohio.
In Michigan, CCF will now be open for membership to any and every resident of the entire Great Lakes State, regardless of where they live or work. In Ohio, CCF’s field-of-membership has been expanded to include four additional northwestern counties: Fulton, Henry, Ottawa and Sandusky, the credit union said.
CCF has a branch in Perrysburg, which already serves Ohio’s Lucas and Wood Counties, and said it is looking to expand its physical footprint with an additional branch location in the Toledo area in 2022.
“This expansion of our field-of-membership is an important and exciting step in CCF’s efforts to bring the convenience, commitment and care of a community-minded credit union to as many consumers as possible,” said President/CEO Heidi Kassab. “Expanding our charter allows us to serve more members, including those coming to us for online services. It means we can reach more individuals and serve as a valuable community resource, no matter where they live.”
Cornerstone Community, founded in 1951 as Motor Parts Credit Union has approximately 23,700 members.