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HEADQUARTERED IN MICHIGAN

Michigan banks and credit unions

243 institutions headquartered in Michigan. Totals describe institutions by headquarters, not deposits held at branches in the state.

BANKS ·

Michigan banks

  • 74 banks headquartered in Michigan reported $72.6 billion in combined total assets for the quarter ended June 30, 2026.
  • Their combined deposits were $58.0 billion, up 5.9% from a year earlier among institutions that reported both quarters.
  • The median net interest margin was 4.12%, and the median cost of all deposits was 1.49%.
Institutions
74
Combined total assets
$72.6 billion
Combined deposits
$58.0 billion
Deposit growth, 12 months
+5.9%
Loan growth, 12 months
+9.1%
Median net interest margin
4.12%
Median return on assets
1.26%
Median cost of deposits
1.49%

What stands out

Largest banks

InstitutionCityTotal assetsDeposit growthROA
Northpointe BankGrand Rapids$7.5 billion+16.8%1.29%
First National Bank of AmericaEast Lansing$6.8 billion+3.7%2.87%
Mercantile BankGrand Rapids$6.2 billion+4.2%1.70%
Independent BankGrand Rapids$5.7 billion+4.2%1.42%
Choiceone BankSparta$4.5 billion+0.4%1.18%
Macatawa Bank N.A.Holland$3.7 billion+4.9%1.59%
Bank of Ann ArborAnn Arbor$3.5 billion+6.9%2.07%
Isabella BankMount Pleasant$2.2 billion-1.7%1.14%
Southern Michigan Bank & TrustColdwater$1.7 billion+7.1%0.85%
The Dart BankMason$1.5 billion+10.2%0.91%
County National BankHillsdale$1.4 billion+0.2%1.03%
First State BankEastpointe$1.3 billion+3.9%1.27%
University BankAnn Arbor$1.2 billion+20.8%1.47%
West Michigan Community BankHudsonville$1.2 billion+15.5%1.54%
Northstar BankBad Axe$1.2 billion+13.1%1.33%

Rankings

All 74 banks headquartered in Michigan
CREDIT UNIONS ·

Michigan credit unions

  • 169 credit unions headquartered in Michigan reported $121 billion in combined total assets for the quarter ended June 30, 2026.
  • Their combined shares and deposits were $103 billion, up 9.4% from a year earlier among institutions that reported both quarters.
  • The median net interest margin was 3.84%, and the median cost of all shares and deposits was 1.13%.
Institutions
169
Combined total assets
$121 billion
Combined shares and deposits
$103 billion
Share and deposit growth, 12 months
+9.4%
Loan growth, 12 months
+8.8%
Median net interest margin
3.84%
Median return on assets
1.05%
Median cost of shares and deposits
1.13%

What stands out

Largest credit unions

InstitutionCityTotal assetsShare growthROA
Lake Michigan Credit UnionGrand Rapids$17.3 billion+17.5%1.12%
Michigan State University Federal Credit UnionEast Lansing$8.9 billion+7.5%0.35%
Dfcu Financial Credit UnionDearborn$8.0 billion+15.5%1.59%
Genisys Credit UnionAuburn Hills$6.6 billion+16.3%1.79%
United Federal Credit UnionSt Joseph$4.4 billion+6.6%1.49%
Michigan Schools and Government Credit UnionClinton Townshi$4.4 billion+7.2%2.21%
Advia Credit UnionKalamazoo$4.1 billion+8.3%1.19%
Consumers Credit UnionOshtemo$2.9 billion+15.4%1.49%
Lake Trust Credit UnionBrighton$2.9 billion+6.0%0.86%
Dow Credit UnionMidland$2.6 billion+5.7%1.30%
Elga Credit UnionGrand Blanc$2.5 billion+72.7%1.06%
Dort Financial Credit UnionGrand Blanc$2.4 billion+7.4%0.47%
Community Choice Credit UnionFarmington Hill$2.1 billion+12.0%1.36%
Honor Credit UnionBerrien Springs$1.9 billion+5.4%1.02%
Credit Union OneFerndale$1.8 billion+2.3%1.19%

Rankings

All 169 credit unions headquartered in Michigan

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