The Saginaw Chippewa Tribe of Michigan is set to open a credit union this fall.

The Chippewa Eagle Federal Credit Union won approval from the National Credit Union Administration, a federal agency. "The membership is very excited about this," tribal spokesperson Frank Cloutier told The Mt. Pleasant Morning Sun.

The credit union will serve about 7,800 people -- tribal members and tribal employees. It will offer share accounts, personal loans and, eventually, credit lines and business accounts.

Get the Story:
Tribal credit union likely to open in late summer (The Mt. Pleasant Morning Sun 5/27)
Press Release: NCUA Charters Chippewa Eagle FCU in Mount Pleasant, Michigan (NUCA 5/25)