Yes … microfilm is still out there and we do convert it to PDF and TIFF files! We just completed a 400 reel project this week for an area school district.
Did you know that, according to WikiPedia, “in the 1920s microfilm began to be used in a commercial setting. New York City banker George McCarthy was issued a patent in 1925 for his ‘Checkograph’ machine, designed to make micrographic copies of cancelled checks for permanent storage by financial institutions. In 1928, the Eastman Kodak Company bought McCarthy’s invention and began marketing check microfilming devices under its ‘Recordak’ division.” (https://en.wikipedia.org/wiki/Microform)