As of June 30, 2016, there are 248 credit unions in Michigan. Of which, 93 are federally chartered and federally insured, 155 are state chartered and federally insured, and none is state chartered but not federally insured. The credit unions have a collective $54.68B total assets and $6.30B net worth. The credit unions in Michigan service 4,961,407 members with a workforc of 13,008 full-time and 2,085 part-time employees. By June 30, 2016, credit union members in Michigan have $46.37B deposited to and $33.60B borrowed from their credit unions.