Is there any difference between a state-chartered and a Federally-chartered credit union?
A credit union can be chartered, or licensed, with state regulatory agencies or with the Federal government. This determines what regulations a credit union will operate under and who its primary regulator will be. The difference between a Federal and state charter has very little impact on consumers and most people would probably not notice it. Our credit union locator is a directory of Michigan state-chartered credit unions.
