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Michigan Credit Union League Home » Information Services » Publications » Contact » 2005 » 2nd Quarter  

Few if any years can truly be described as “routine” or “uneventful,” particularly in the fast-moving and dynamic world of credit unions. At any rate, 2004 certainly featured its share of large-font headlines, memorable moments and major stories.

In the midst of the Michigan credit union movement’s changing scene, there continued to be one constant — the power of unity and cooperation. The critical importance of a strong and effective trade association was clearly evident, both at the state and national levels. Standing together, credit unions achieved notable successes and kept at bay numerous threats to the future of not-for-profit financial services.

Following one of its most significant legislative achievements in nearly two decades — the successful modernization of the Michigan Credit Union Act — the Michigan credit union movement found itself in 2004 engaged in another battle in an age-old war with the banking lobby over the credit union tax exemption. The challenge was met in stunning fashion, as 100 percent of Michigan’s diverse congressional delegation — liberals, conservatives, Republicans and Democrats alike — came down decisively on the side of credit unions...

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Message from the MCUL Chairman and President
Organized in 1934, the Michigan Credit Union League (MCUL) has a long and proud tradition as one of the nation’s most innovative, effective and influential credit union trade associations. The history of the Michigan credit union movement is one of unbroken advance and progress — successes that would not have been possible without a strong statewide trade association...

Building Tomorrow’s Credit Union Leaders
It’s common knowledge that technology has had a profound impact on how today’s credit unions operate and serve their members. Computers and the Internet have improved productivity, expanded product and service menus, slashed loan processing times and made it possible for members to conduct their financial business from the convenience of their living rooms...


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