Michigan First was chartered as Detroit Teachers Credit Union in 1926. The credit union grew quickly, and by 1956 became the largest Credit Union in the world. The Credit Union continued to prosper and meet the demand for innovative financial services. In 2001, Detroit Teachers Credit Union became Michigan First Credit Union, reflecting its diverse field of membership. Today, Michigan First is a full-service financial institution, whose mission remains constant: "to provide programs and services that will enhance our members' ability to meet their present and future financial needs successfully."