Our History

Check out the history of the credit union movement by clicking above and watching the video!

CP Federal Credit Union History

On April 28, 1953, an organization committee comprised of: Benjamin Charters, Walter Boris, Earl Devine, Henry Abrahamse, F.C. Voss, C.E. Hayes and William Audas met to form a financial cooperative, better known as the Jackson Consumer's Power Employees Federal Credit Union.

The credit union was organized to provide its members with a safe, convenient place to save and a source of credit, when needed, at or better than competitor's rates.

Throughout its history, CP Federal Credit Union has had many loyal and dedicated volunteers and staff to serve our membership making us one of the strongest and financially healthy credit unions in the nation.

Here are a few interesting facts about CP Federal Credit Union:

There have been only four President/CEOs (managers) since its inception,

Dorothy Dewey was the original manager, Carl Hays was manager for a very short time; Jerry King was President/CEO for over 28 years and upon Jerry's retirement John Crist became our current President/CEO.

CP Federal Credit Union merged with Jackson Postal Credit Union, the only merger in CP Federal history.
The main office at 1100 Clinton Rd was originally built in 1984.
In 1991:

Our Asset size crossed the $100 Million plateau.
Our Spring Arbor Rd branch was built.
With the ability to acquire more community partners and to be more reflective of our total membership, we underwent a name change to CP Federal Credit Union.
We began our very successful Partnership in the Youth Program at the Western School District.

A fire destroyed the main office in June 1997
Our staff moved into a newly built main office on December 15, 1997.
Also in 1997 we opened two internal branches at Consumers Energy, one in the downtown location and one in the Parnall Road location.
In March of 1999, we opened a branch inside Bill's IGA, now known as Pamida, in Brooklyn, Michigan.
In October of 2000, we opened a branch inside Polly's Country Market, on Parnall Road
In July of 2003 we opened a branch in Parma.
In July of 2005, we opened our downtown branch.
In December of 2007, we opened our first branch in Mason, Michigan.

Buck-A-Year

Help support your credit union through the Buck a Year program which allows you to contribute to the MCULLAF. MCULLAF is a political action committee that funds the members of congress that support credit union. Your contribution, working with the contributions of millions of other credit union members throughout Michigan, will help us support members of congress who believe in the credit union philosophy. Contact the Risk Management Department if you are interested in the Buck a Year program.