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HISTORICAL TIME LINE OF CREDIT UNION PLUS
Credit Union Plus members have enjoyed 74 years of rich longevity in the Great Lakes Bay Region. Our consolidated membership dates back to 1936 beginning with Wolverine Knitting Mills and will be celebrating its 75th year anniversary in September of 2011. Our charter began in June of 1963 as Bay City Mercy Hospital and our Core Employer Group is still Bay Regional Medical Center. Our credit union has had a myriad of mergers and name changes over the years all of the while maintaining the philosophy of people helping people. We are democratically controlled and operated and have members on our board of directors, all successful businessmen in their own fields. Decisions continue to be based on the safety and soundness in working with your money.
The staff take pride in our local community and support both, financially and through volunteerism, the Bay Medical Foundation, the Helen M Nickless Volunteer Clinic, and the Saginaw Naval Ship Museum to name a few. We have maintained our employer base in Bay City in the Medical and Industrial fields, and community based in Birch Run. Today we are over 150 employer groups in diverse fields including healthcare, industrial, engineering, manufacturing, dealerships, hotels and restaurants, and provide financial services, cooperative lending and financial education training on a variety of topics. Anyone over the age of 55 receiving a pension or social security is eligible to join any credit union.
September 30, 1936 Wolverine Knitting Mills Federal Credit Union
March 21, 1953 Bay City Shovels Federal Credit Union
March, 1953 Industrial Brownhoist Employees Federal Credit Union
July 1954 DeFoe Employees Federal Credit Union
January 2, 1956 Valley Welding – Calcinator Employees Federal Credit Union
August 1961 Bay Osteopathic Hospital Credit Union
June 25, 1963 Bay City Mercy Hospital Credit Union
August 31, 1965 Name Change: Industrial Brownhoist Federal Credit Union to I.B. Credit Union
February 18, 1969 Name Change: Bay City Mercy Hospital Credit Union to Bay Medical Credit Union
March 1, 1969 MERGER: Bay Osteopathic Hospital Credit Union with Bay Medical Credit Union
April 1, 1971 MERGER: Bay City Shovels with Industrial Brownhoist
July 1, 1972 MERGER: Samaritan Hospital, General Hospital with Bay Medical
March 13, 1975 Name Change: I.B. Credit Union to Industrial Business Credit Union
April 1, 1977 MERGER: DeFoe Employees Federal Credit Union with Bay Medical Credit Union
October 1, 1981 MERGER: Wolverine Knitting Mills with Industrial Business Credit Union
June 1, 1983 MERGER: Valley Calcinator Employees Federal Credit Union with Industrial Business Cr Un
September 17, 1985 Name Change: Bay Medical Credit Union to Healthcare Family Credit Union
May 19, 1986 Birch Run Area Credit Union
April1, 1988 MERGER: Industrial Business Credit Union with Healthcare Family Credit Union
April 12, 1994 Name Change: Healthcare Family Credit Union to Credit Union Plus
November 1, 2002 MERGER: Birch Run Area Credit Union with Credit Union Plus
Our Credit Unions were chartered by the employees for the employees as lending cooperatives among themselves. We are a low cost credit union, returning value by lower fees and lower loan rates with favorable terms. We have four convenient physical locations and 24 hours a day, 7 days a week access through home banking, the PLUS LINE audio response, debit card, credit card and direct deposit.
