Map of Michigan. Map of Michigan. (Source: Shutterstock)

Cornerstone Community Financial, a state-chartered credit union located in the far northwestern suburbs of Detroit, was granted permission to increase its field of membership to include the entire state of Michigan, as well as some counties in Ohio.

The Auburn Hills, Mich.-based Cornerstone Community Financial ($347.7 million in assets, 23,678 members) said in a statement Thursday it had received approval from the State of Michigan Department of Insurance and Financial services to open up its field of membership to every resident of the state, regardless of where they live or work. The approval also granted the FOM expansion to include four counties in Ohio including: Fulton, Henry, Ottawa and Sandusky.

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Michael Ogden

Editor-in-Chief for CU Times. To connect, email at [email protected].

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