Dort Financial Credit Union announced they have surpassed $1 billion in assets, making the financial institution the first credit union headquartered in Genesee County to reach this mark. The announcement comes in the credit union’s 69th year in business.
Flint A.C. Employees Federal Credit Union opened in 1951 with a charter mission to serve AC Spark Plug employees. The credit union later became Dort Industrial Employees Federal Credit Union and in 1984, the name was changed to Dort Federal Credit Union. By 2012, the credit union surpassed $500 million in assets and had seven branch locations.
After experiencing continuous membership growth, the credit union currently has 10 locations throughout Genesee, Shiawassee and Lapeer counties. On Jan. 1, Dort Federal converted from a federally chartered credit union to a state-chartered credit union and opened its membership to anyone who lives, works, worships, or attends school in the state of Michigan and changed its name to Dort Financial Credit Union.
“Dort Financial Credit Union is committed to remaining focused on building relationships and providing quality financial services to our members, while supporting our employees, and the communities we serve,” said Harry Awdish, chairman of the Board. “Reaching this milestone helps validate our mission to remain financially strong and stable by providing competitive products, rates, and excellent service.”
“We are grateful for our 95,000-plus members, the direction of our volunteers, and the dedication of our staff allowing us to continue our success in the future,” said Vicki Hawkins, president/CEO. “Most of all, we thank the community for continuing to put their trust in us; we couldn’t have achieved this milestone without them.”