FLINT, MI— Dort Federal Credit Union proudly announces the credit union has exceeded $500 million in assets.
Founded in 1951 with $41.75 in assets, Dort Federal Credit Union steadily grew in both assets and members every decade, reaching $100 million in 1989, $300 million in 2005, and $500 million in early 2012. Credit union assets are an aggregation of fixed assets, loans, cash, investments, and other resources. Vicki Hawkins, Dort Federal’s President/CEO said, “Our history of prudent financial practices and member loyalty has all contributed to our achievement. Although significant to our credit union family—our staff and Board of Directors—asset size, along with a 17% capital ratio is what we are celebrating. Given what our members and the Greater Flint community have been through in the past several years, being a sound and secure financial institution in the heart of Flint is really a reflection of our membership, staff, and Board of Directors. Their loyalty has made our credit union the solid institution it is today.”
Dort Federal Credit Union is insured by the National Credit Union Administration (NCUA). Dort Federal membership is open to anyone who lives, works, attends school, worships, or volunteers in Genesee, Lapeer, or Shiawassee County, or Deerfield and Tyrone Townships in Livingston County. Membership is also open to immediate family members of our current or potential members. For more information visit DortOnline.org.