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 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.
- The main office at 1100 Clinton Rd was originally built in 1984.
- A fire destroyed the main office in June 1997
- Also in 1997 we opened two internal remote branches at Consumers Energy.
- Our staff moved back in on December 15, 1997.
In 1991:
- Our Asset size crossed the $100 Million plateau.
- Our Spring Arbor Rd branch was built.
- With the ability to acquire more select employment groups 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 Youth program at the Western School District.
- In March of 1999, we opened a remote branch in Bill's IGA in Brooklyn, Michigan.
