Our History

FinancialEdge is a not-for-profit financial cooperative owned and operated by its members. Organized in 1950, FinancialEdge was first known as Bay City Municipal Federal Credit Union and later expanded through mergers and acquisition of new employer groups to become Bay Governmental Credit Union. Like many credit unions in Michigan, application was made in 2003 for a community charter allowing the credit union to serve a larger geographical area and became known as we are today: FinancialEdge Community Credit Union. Our purpose remains dedicated to being an integral part of members' lives and our community with innovative financial services designed to fit today's lifestyles and tomorrow's ambitions.

FinancialEdge Community Credit Union is a not-for-profit financial cooperative owned and operated by its members. Our sole purpose is to assist our members in the sound management of their financial affairs. We are committed to providing high return savings and competitive sources of credit.

As a credit union member you share in the earnings through dividends paid on savings and reduced rates on loans. Each member also receives one vote, no matter how much he or she has on deposit. Elections are held each year at the Annual Meeting to fill open positions on the Board and the Credit Committee. The Supervisory Committee members are elected by the Board of Directors at a special organizational meeting.

The Board, Committees, CEO, and Staff of the credit union have responsibilities to be carried out in accordance with the credit union´s by-laws. The Board is responsible for the overall operation of the credit union. It sets policy. Staffing and the day-to-day operation of the credit union are the responsibilities of the CEO. The CEO reports to the Board regularly. The Credit Committee acts on loan requests, and the Supervisory Committee is responsible for the yearly credit union audit.