Page 9 - Michigan Credit Union League: 2018 CRI Report
P. 9
Creating Jobs, Strengthening Communities 2018 Community Reinvestment Report
Michigan credit unions are determined to lend to small businesses because of the direct impact they have on
the state’s unemployment rate.
Notable Regional Credit Union Loan Growth
7% 91ALPENA %
MARQUETTE
29%
TRAVERSE CITY
33DETROIT %
Michigan’s Declining Unemployment Rate
and Growing Business Rate
40
30
20 26% 23%
10 16% 15% 16% 5% 8%
7% 5% 4.7%
9% 8%
0
2012 2013 2014 2015 2016 2017
Unemployment Rate Growing Business Rate
Source: CUNA Call Report Data, Q4 2017
8
