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Press Releases - 2008
- Op-ed: Trust the Financial System and Congress during Crisis (10/2/08)
Heads spin listening to dire warnings from the president, treasury secretary and federal reserve chairman of the possible collapse of the U.S. financial system. Despite the warnings of government officials charged with safeguarding our country’s financial security, why do a vast majority of Americans oppose the proposed intervention? It comes down to a lack of trust. - Credit Union Federal Insurance Coverage (10/1/08)
The U.S. Senate is considering a revised financial bailout bill tonight. The legislation also includes some provisions to help “Main Street.” One of those provisions will increase the level of federal insurance for credit union savings to $250,000. This legislation will also do the same for savings in banks insured by the Federal Deposit Insurance Corporation (FDIC). - CU Growth Solutions Honored for Design Achievements (9/29/08)
CU Growth Solutions, the marketing and advertising agency within the Michigan Credit Union League (MCUL) and CUcorp, earned three 2008 American Graphic Design Awards for their work with state and national credit union associations. - Economic Turmoil Can’t Stop Credit Unions’ Growth (9/25/08)
As Wall Street’s giants have crumbled, Michigan’s credit unions have added $1.9 billion in assets and more than 100,000 new members in 2008. According to the Michigan Credit Union League, funds deposited by members are safe and secure. - Michigan’s Credit Unions Weathering the Economic Storm (7/16/08)
The current downturn in the economy has many people worried about the security of their money, but Michigan credit union members can take comfort in knowing that their money is safe and secure. - MCUL Announces New Members of Governmental Affairs Team (6/16/08)
Michigan Credit Union League (MCUL) Executive Vice President Patrick La Pine has announced three key staff additions to the MCUL’s Governmental Affairs team in Lansing — Marcia Hagenbarth, David Mroz and Jami Wolfe. - Michigan, St. Lucia Leagues Sign WOCCU Partnership Agreement
The Michigan Credit Union League (MCUL) and the St. Lucia Credit Union Co-operative League signed an international partnership agreement on May 15 at a special ceremony in Grand Rapids, Mich. The agreement is the latest of 29 such relationships overseen by World Council of Credit Unions (WOCCU) as part of its International Partnerships Program. - Michigan CUs to Provide Mortgage Refinancing Products Courtesy of 'Save the Dream' Program (4/1/08)
Michigan Governor Jennifer Granholm signed into law the “Save the Dream” package of bills recently passed by the state legislature, allowing the Michigan State Housing and Development Authority (MSHDA) to provide mortgage re-financing products to homeowners. - Free Tax Service Offered by Credit Unions Provides More Than $5.7 Million In Returns (3/26/08)
With a few weeks still remaining before the tax filing deadline, credit unions have already helped put more than $5.7 million into the pockets of Michigan families in the form of credits and refunds. - Michigan Credit Union League Announces 2007 Federal, State Lawmaker Award Recipients (3/6/08)
U.S. Rep. Joe Knollenberg, R-Bloomfield Hills, and State Rep. Andy Coulouris, D-Saginaw, have been selected as the Michigan Credit Union League’s (MCUL) 2007 Federal Legislator of the Year and State Legislator of the Year, respectively. - Credit Unions and State Government Aim to Inform Consumers About Avoiding Foreclosure (2/25/08)
With Michigan facing the third-highest foreclosure rate in the country, credit unions and the Michigan Office of Financial and Insurance Services (OFIS) are pushing to educate consumers on ways to avoid losing their home. - Michigan Governor Granholm Names Ross Head Financial Regulator (2/22/08)
A former Michigan Credit Union League (MCUL) staff member is now Michigan’s chief regulator of state-chartered financial institutions.
Press Releases - 2007
- Michigan Credit Union League to Hold 'Mortgage Summit' for Credit Union Leaders (12/20/07)
As the mortgage foreclosure crisis continues to grow both in Michigan and across the country, the Michigan Credit Union League (MCUL) is organizing a credit union industry response to help people at risk of losing their homes. - Michigan Credit Union League CEO Adams Addresses State Lawmakers (12/6/07)
The skyrocketing foreclosure rate has hit Michigan hard. It has been one of the hot-button issues facing state and federal lawmakers this year. On Dec. 4, Michigan Credit Union League (MCUL) President and Chief Executive Officer David Adams addressed members of the Michigan House Banking and Financial Services Committee on how credit unions have avoided contributing to the problem and how they’ve worked to educate consumers. - Michigan Credit Union League Federal PAC Fundraiser Has Banner Year (11/20/07)
By September the excitement was already building. Just three and a half months after the Michigan Credit Union League (MCUL) kicked off its annual Grand Raffle federal PAC fundraiser, all 30,000 tickets had been distributed to a record-high 138 participating credit unions. It was shaping up to be a special year, and as the raffle came to a close the morning of Nov. 19, the final numbers indicated it had been the best ever. - Credit Union Leaders to Meet in Savannah for 2008 Midwest Management Issues Conference (11/15/07)
Credit union leaders will once again come together for the strong line-up of speakers and breakout sessions that compose the Midwest Management Issues Conference, January 13 – 16, at the Hyatt Regency in Savannah, Georgia. - 226 Michigan Credit Unions Can Hold VISA Stock
The Michigan Office of Financial and Insurance Services found that Michigan state-chartered credit unions may receive and hold Visa, Inc. stock, absent any overriding safety and soundness concerns.
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Regulatory Affairs
