The Credit Union Division, Michigan Financial Institutions Bureau, has received it annual accreditation from the National Association of State Credit Union Supervisors (NASCUS).

Following a rigorous examination of the unit, the NASCUS Performance Standards Committee concluded that the Michigan Credit Union Division meets all criteria necessary to fulfill its statutory responsibility to charter, examine, supervise, and regulate the 323 credit unions chartered under the laws of the State of Michigan.

Accreditation by NASCUS is "tangible evidence of the Financial Institutions Bureau's commitment to a high level of expertise in the field of depository institution regulation." remarked FIB Commissioner Patrick M. McQueen. "Michigan's credit union examiners are some of the most highly trained, seasoned talent in the nation." McQueen said.

The Financial Institutions Bureau is the primary regulator of Michigan's state-chartered banks, credit unions, savings banks, and over 4,000 other licensed lenders.