As of December 31, 2016, there are 246 credit unions in Michigan. Of which, 91 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 $56.35B total assets and $6.53B net worth. The credit unions in Michigan service 5,050,641 members with a workforc of 13,283 full-time and 2,113 part-time employees. By December 31, 2016, credit union members in Michigan have $47.82B deposited to and $35.52B borrowed from their credit unions.