On July 21, DIFS issued Bulletin No. 2014-14-CU, which replaced Bulletin 2005-09-CU from June 2005. The bulletin clarifies various reserves covered in Section 386 of the Michigan CU Act and sets forth reserve requirements for state chartered credit unions. Click here to read more.
CU Link Michigan is a sponsor at the upcoming Buy Michigan Now event Aug. 1-3, in downtown Northville. As locally owned, neighborhood-based financial institutions, credit unions are part of the ‘buy local’ movement. This event provides metro Detroit credit unions the opportunity to interact with like-minded consumers, businesses and families. Click here to read the full story.