History


 

1952   Charter is granted to Selfreliance (Detroit) Credit Union to begin operating
1953   Main office moved to 11305 Jos. Campau, Hamtramck
1955   Membership surpassed 1,000
1956   $1,000,000 in assets reached
1957   Building at 11838 Jos. Campau in Hamtramck purchased
1962   Branch office opened in Warren
1965   Credit union begins issuing travelers checks
1966   Purchased a building on Michigan Avenue and Tarnow in Detroit, for use as the Detroit branch office
1967   Credit union enters the age of computers by converting to an on-line system. First student loan issued
1969   $5,000,000 in assets reached
1971   Acquired five acres of land in Warren for future expansion
1973   Name is changed from Selfreliance (Detroit) to Ukrainian Selfreliance (Detroit) Federal Credit Union
1975   Credit union introduces checking accounts (Share Drafts)
1976   $10,000,000 in assets reached
1978   Credit union moves its main office to its own facility in Warren
1981   $20,000,000 in assets reached
1983   IRA and self-employed pension plan accounts introduced for members
1985   Ukrainian Selfreliance FCU is the first Ukrainian credit union to introduce VISA and MASTERCARD credit cards for its members
1986   $40,000,000 in assets reached
1988   $50,000,000 in assets reached
1989   In-house computer acquired to modernize operations and improve efficiency
1990    Ukrainian Selfreliance enters into a partnership with the Service Center Corporation to make available additional 22 service centers for members´ convenience
1992   Name is changed to Ukrainian Selfreliance Michigan Federal Credit Union. Credit union hosts Acting Head of the Monetary Policy Department in the National Bank of Ukraine to observe the Western banking system in operation. $70,000,000 in assets reached
1993   Purchased the assets of the Ukrainian-American Credit Union in Florida, thereby adding two branches to service our members. Initiated a cost-effective method of transferring money to Ukraine
1994   $80,000,000 in assets reached
1995   Introduced ATM cards
1996   Signed contract to expand main office in Warren, Michigan. Introduced Auto Leasing Program. $90,000,000 in assets reached
1997   Expanded and modernized main office in Warren, Michigan at a cost of over $1,000,000. Surpassed 100,000,000 in assets. Celebrated 45th Anniversary of CU Opening
1998   Introduced safe deposit boxes for members. Converted to technologically advanced and year 2000 compliant computer system. $110,000,000 in assets reached. Surpassed $7,000,000 in Wire Transfers to Ukraine.
1999   Florida branch reached $9,000,000 in deposits. Surpassed $15,000,000 in Wire Transfers to Ukraine. Introduced Market-Index Certificates program. Roth and Educational IRAs introduced.
2000   Exceeded $50,000,000 in loans issued to members
2002   Celebrated 50th Anniversary of the credit union
2002   Opened the Kent, WA branch
2004   $150,000,000 in assets reached
2005   Hosted the UNCUA annual meeting
2006   Launched Internet Banking for our members
2010   Launched Mobile and Facebook (My Money) Banking

 

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NCUA - Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government agency. Equal Housing Lender - We do business in accordance with the Fair Housing Law and Equal Opportunity Credit Act