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Press Releases - 2014

  • Credit Union Growth Continues as Loans, Members Rise in Second Quarter

    (Lansing, MI) – Michigan credit unions reported strong growth for the second quarter in both loans and members, continuing a string of robust quarterly reports that date back more than two years.

    “We are pleased but not surprised to see this influx of new members. More and more people are discovering the advantages of being a credit union member, which include having a voice in the non-profit structure, being part of an organization that serves the community, and enjoying lower rates and fees,” MCUL CEO David Adams said.

     

  • Michigan Credit Unions’ Business Loans Soar, Growth in many other key lending areas

    LANSING, MI (July 10, 2014) – Michigan credit unions showed their support for small business growth through a significant increase in total amount of business loan dollars as compared to the same time last year. The latest numbers that include the quarter from January to March of 2014 show Michigan credit unions recorded $1.7 billion in total outstanding business loans according to the National Credit Union Administration (NCUA). This is up more than 20 percent from the same time last year. 

  • Credit Union Coalition Scores Victory Over IRS, Michigan Credit Unions No Longer Subject to UBIT

    LANSING, MI (April 10, 2014) – Working together produces results. That’s what a major victory over the Internal Revenue Service proves about the value of credit unions joining together in a national effort to fight for their best interests.

  • Governor Snyder participates in Michigan Money Smart Week

    DETROIT, MI – April 7, 2014 – To kick off Michigan’s Money Smart Week®, part of a national effort, Gov. Rick Snyder will read the Berenstain Bears’ Trouble With Money story to a group of children Monday afternoon at 3 p.m. The Money Smart Kids Read, implemented this year for the first time in Michigan, focuses library story times and activities around basic money concepts for children.

  • Michigan Consumers Turning to Credit Unions for Savings, Lending Needs

    LANSING, MI (March 26, 2014) – Credit Unions are a popular choice in Michigan, as nearly 80,000 consumers turned to these institutions in 2013 for lower rates on loans, fewer fees and better customer service.

  • Michigan Credit Union League Endorses Snyder for Governor

    LANSING – The Michigan Credit Union League (MCUL) today announced their endorsement of Governor Rick Snyder in his re-election bid, citing his excellent track record of support for credit unions, credit union issues and the credit union philosophy. MCUL praised Gov. Snyder for his understanding of the important role the financial services industry plays in a strong Michigan economy.

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