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Michigan Credit Union League Home » Information Services » Publications » Contact » 2009 » 1st Quarter  

 

Click here to download a full PDF of the 1st quarter Contact magazine.

"Invest in America"
Accelerates Auto Sales, Loans

Credit unions nationwide have partnered with GM and Chrysler to give domestic auto sales a much needed boost, while loans grow by leaps and bounds.

The current economic crisis has had a strong impact on an already struggling Michigan, but credit unions have weathered the storm and remain well-capitalized with money to lend. With this in mind, and with the goal of tying trustworthy credit union lending to economic recovery, the "Invest in America" partnership was born.

"'Invest in America' was in development during the earlier stages of the current economic crisis," said David Adams, MCUL/CUcorp president and CEO. "As the situation worsened for our economy and the Big Three, the rollout of this partnership ended up being about as relevant and vital as it could have been."

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More Stories

Outlook
Getting the Economy on the Right Track

Under The Dome
Looking Ahead to a Challenging Year for Credit Unions

 
   
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