CRI
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Annually since 2005, the MCUL has gathered extensive
data using the CRI Survey on credit union efforts and activities in six key areas: financial
education, community involvement, affordable lending (COOL Cities),
shared branching, student loans and affordable financial services.
These are the areas identified by the CRI
Task Force as those which are key to strengthening Michigan communities.
The CRI Survey, which consisted of over 25 questions on topics ranging
from special loan programs and financial education outreach to participation
in shared branching, is the primary data gathering instrument. Survey
results garnered from 40% of credit unions from across the state with an average asset
size of $128.7 million and a median size of $29 million, as of
February 12, 2008.
Other external data sources such as the National
Credit Union Administration (NCUA) 5300 Report
were used to supplement the findings of the CRI Survey. In addition,
Home Mortgage Disclosure
Act (HMDA) data was used as was data from the data from the National Youth Involvement Board.
Key CRI Findings in Five Key Areas
2007 and 2008 CRI Reports, 'Credit Unions Building a Stronger Michigan' are available from this web-site
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- The numbers have been crunched and the results are in. Michigan credit union staff educated more than 40,000 youngsters and young adults about personal finance during the 2006-07 school year, according to the Credit Union Network's National Youth Involvement Board (NYIB).
- When it comes to selecting a financial institution, the characteristics that define a credit union--good customer service, low fees and good loan rates--are significantly more important to consumers than financial sophistication and product array, attributes typically associated with banks. Read more
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