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Michigan Credit Union League Home » Information Services » Publications » Contact » 2005 » 3rd Quarter  

The MCUL's Strategic Focus on Advocacy, Cooperative Advertising and the Credit Union Social Mission are a Bulwark against Future Challenges — and the Foundation of Future Credit Union Sucess.

These may not be the best of times for Michigan credit unions — but they are certainly not the worst of times, either.

In general, credit union financial numbers look healthy. Two long-sought legislative goals —modernization of the Michigan Credit Union Act and
bankruptcy reform — are now written into the law. Support for credit unions and their tax exemption among Michigan’s federal lawmakers appears solid. Granted, the Great Lakes State’s economy is not performing particularly well compared with the rest of the country. But those old enough to remember Michigan’s unemployment rate at the bottom of the 1981-83 recession will look at today’s numbers and count their blessings.

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