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Michigan Credit Union League

In Brief...

Credit Union Collection Consortium Announces First Meeting of 2018-2019 Season

The Credit Union Collection Consortium, now entering its 26th year of educational and networking opportunities, is pleased to announce the first meeting of its 2018-2019 season.

 

On Oct. 10, from 2:00 p.m.–4:00 p.m., well-known fraud expert Kym Wendell will speak on the topics of synthetic IDs, bust-out fraud, card cracking, check fraud and an update on the Felony Lane Gang. Wendell, who is also Community Choice Credit Union’s fraud investigator, will be joined by Craig Mendon, security specialist, and Ashley Webb, risk management specialist.

 

The meeting will be held at Michigan Schools and Government Credit Union, located at 4555 Investment Drive in Troy. Use the west entrance and go to the lower level. Attendance is free and open to all credit union professionals; no RSVPs required. Contact Julie Hoff at 586-7770 ext. 38 with any questions.

 

Saginaw Medical FCU Receives its 42nd Five Star Rating from BauerFinancial

On Sept. 19, Saginaw Medical Federal Credit Union (SMFCU) received its 42nd five star rating from BauerFinancial. To receive a five star rating, an institution must exhibit excellence in areas such as capital adequacy, asset quality, liquidity and stability.

BauerFinancial has been analyzing and rating the nation’s banks and credit unions since 1983. Data is reviewed and star ratings are assigned based on a complex formula. Upon completion of this analysis, institutions receive a star rating on a scale of zero to five, with five being strongest.

Extra Credit Union Donates School Supplies to Local Foster Youth

More than 1,800 foster children across Michigan started the school year with tools to succeed, thanks in part to the generosity of Extra Credit Union members and staff.

The credit union’s August school supply drive, benefiting Big Family of Michigan, brought in nearly 1,500 including notebooks, folders, loose leaf paper, binders, dividers, crayons, rulers, colored pencils, pencil boxes, markers, highlighters, glue, pens and pencils, scissors, backpacks, lunch boxes and more.

TBACU Prepares for the Student-Run Credit Union Program

TBA Credit Union’s Student-Run Credit Union program is gearing up for its 9th consecutive year. The program is designed to encourage lifelong savings habits and provide first-time job experience for the students who participate.

Student volunteers run the credit union at participating schools, and student members are able to make deposits to their Money Magic or iTeens accounts. Since its launch in 2010, the program has had 1,877 volunteers and has helped students save more than $108,000.

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2018-09-28 00:00:00