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Must OCU be notified of closures?
Yes. Notify the OCU (DIFS-OCU@michigan.gov) if you choose to permanently fully close one or more of your credit union locations (pursuant to Section 221 of the Michigan Credit Union Act). Please include the date(s) of the planned closure and the location being closed. Please include in your notification any significant detrimental impact you anticipate to the credit union's ability to deliver financial services to your membership. (Modifications to operating hours or methods do not require notice, unless you anticipate a material decline in your overall ability to deliver financial services.) Credit unions must ensure they also update their CUOnline profile timely.
(Updated August 2021)