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Michigan Credit Union League

In Brief...

LAFCU 2017 Fundraising Efforts Net Nearly $20,400 for United Way

In advancement of the credit union vision of “people helping people,” LAFCU presented a check for nearly $20,400 to the Capital Area United Way at year-end 2017. The funds included proceeds from multiple employee fundraising activities throughout the year, employee pledges and a corporate contribution.

Fundraising activities coordinated by an employee committee included dress down days, online and live auctions, raffles, 50/50 drawings and a trip to FireKeepers Casino.

“What better way to honor our vision of ‘people helping people’ than by our people generously donating their time, energy and funds to organizations that provide critical services to others in our community,” said Patrick Spyke, LAFCU CEO.


TBACU’s Student-Run Credit Union Saves over $100,000

TBA Credit Union’s (TBACU) Student-Run Credit Union (SRCU) has helped student members save $101,363.00 since its launch in 2010. The program is designed to encourage lifelong saving habits and provide first-time job experience to students. Student volunteers apply and interview for their desired credit union position, then run a SRCU branch at their school. Student members can then deposit money into their TBACU youth account or apply for membership without having to come into a branch.

“This is a huge milestone for our Student-Run Credit Union program,” said Rachel Priest, a TBACU Marketing Assistant who helps run SRCU. “Deposits made by student members primarily consist of spare change, so the idea that they have been so faithful to save their money and reach $100k altogether is astounding.”

The SRCU is open throughout the school year at various local schools. Visit TBACU’s event calendar to see the deposit day schedule for the 2017-18 school year.


Alpena Alcona Area Credit Union Donates to St. Bernard’s Friendship Room

Through the hard work and dedication of its employees and the generosity of its membership, Alpena Alcona Area Credit Union raised $1,680.29 in monetary donations to St. Bernard’s Friendship Room.

St. Bernard’s Friendship Room serves free hot meals prepared by community volunteers to anyone in need of a meal, Monday through Saturday. Along with daily meals, personal hygiene products and clothing are available for those needing assistance.

In addition to member donations, Alpena Main and Alpena North Branch team members sold candy bars, held various raffles and donated $2.00 per employee who dressed down on Fridays to raise funds for St. Bernard’s Friendship Room.


PFCU Announced as the 4th Quarter “Biggest Gainer” by CUNA Mutual Group

Portland Federal Credit Union (PFCU) competed with four other credit unions with similar participation percentages to determine who could have the best percentage increase in credit insurance protection for their membership. The credit union with the largest increase in percentage of dollars protected (CL & CD or Debt Protection) from October to December in each group was announced as the winner. Participating credit unions spanned the United States including Ohio, Maryland, Michigan and New Jersey.

“While we are incredibly proud of our PFCU team that made this happen, ultimately our members are the real winners!” said Joe Krieger, vice president of Lending at PFCU. “This was the result of everyone having good conversations with our members and educating them on the credit protections that are available to them”.

PFCU was declared the winner, with a 2.1 percent increase of dollar protected over the span of the contest.


MCUL Adds Three Listservs to Its Lineup

MCUL listservs provide a virtual networking tool to connect peers in the credit union industry. Participants share resources such as job descriptions, salary ranges and training presentations. Listservs act like a watercooler for finding solutions to commonly shared situations that need to be addressed, and peers share experiences such as how they approached awkward HR matters. To some extent, they serve as a support group. Listservs often save credit unions money; rather than turning to outside consultants, it’s quick and easy to have conversations and explore what other credit unions have been successfully in doing.

MCUL recently added Large-Asset Size (LAS), Mid-Asset Size (MAS) and IT/Cybersecurity to its listserv lineup to better address the issues credit unions face. You can sign up to be on one of MCUL’s listservs here.

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2018-01-12 00:00:00