The Westacres Credit Union is a state-chartered credit union serving residents of the Westacres Community in West Bloomfield, Mich.
From its early beginnings, Westacres has been dedicated to helping its neighbors. This philosophy has given birth to many good ideas, not the least of which is our credit union.
On October 30, 1936, twelve residents joined together to form the Credit Union as a Michigan Corporation. In November of that year, the State of Michigan approved the charter. The first loan of $25 was used to buy groceries and coal. For the next eight and a half decades, the Credit Union tradition of helping residents live more comfortable lives has continued in much the same vein.
To be a member, one must have some affiliation with Westacres subdivision. For example, a member must be a resident of Westacres, an employee of the Credit Union, members of the immediate families of the above or a unit of the Westacres Community Association. Its membership spans the globe, with members living as far away as Alaska, the Bahamas, Asia and Europe.
When the Credit Union was formed in 1936, its offices were in the Cedarbank Clubhouse. Subsequently, it moved to its long-term home at 7242 Buckthorn and in 1991, the Credit Union moved into its very own offices next to the Clubhouse.
Each year the Credit Union has an annual meeting of the shareholders to report operation, progress and plans. At this meeting, directors and officers are elected as well.
While some things have changed over the years at the Credit Union, some have not. They have been using the same stapler for at least 50 years. It costs only a 50-cent fee and a $5 deposit to open an account. Kids in the neighborhood can still walk or ride their bikes to do their banking.
If you’re not yet a member, please consider joining the Westacres Credit Union!