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Displaying items tagged: Lake Michigan Credit Union

Friday, 06 January 2023 13:45

LMCU branch workers near Grand Rapids vote to unionize

WYOMING — Workers at Lake Michigan Credit Union’s South Division Avenue branch near Grand Rapids have voted to unionize.

Published in Finance
Wednesday, 21 December 2022 18:19

Cannabis banking exec expects Michigan prices to continue falling, more M&A in 2023

Prices in Michigan’s cannabis industry plummeted in 2022, leading to some closures and layoffs, and could fall even further in 2023 as more players enter the business.

Published in Finance
Monday, 12 December 2022 14:22

GR branch workers at largest Michigan credit union seek to unionize

GRAND RAPIDS — Staff at Lake Michigan Credit Union’s South Division branch in Grand Rapids are seeking a vote for union representation.

Published in Finance

Sunday, 20 November 2022 18:56

Credit unions evolve to get competitive on commercial lending

When he began leading commercial lending at Lake Michigan Credit Union in 2011, Jim Maskell occasionally found surprise among prospective clients.

Published in Finance
Sunday, 06 November 2022 18:45

WHAT’S IN A NAME? Little known outside of Grand Rapids, Acrisure builds brand awareness with sports naming rights, sponsorship deals

When an unknown fintech firm from Grand Rapids supplanted a hometown company in purchasing the naming rights for the home stadium of the NFL’s Pittsburgh Steelers, it kicked off a wave of miffed reactions from fans and commentators alike.

Published in Finance
Wednesday, 26 October 2022 10:41

Lake Michigan Credit Union to unify brand under ‘LMCU’ amid growth in Michigan, Florida

GRAND RAPIDS — Lake Michigan Credit Union has launched a rebranding to create a common brand identity in Michigan and Florida using just its initials.

Published in Finance

Sunday, 02 January 2022 19:00

MiBiz Growth Report: January 3, 2022

Here's the MiBiz growth report for January 3, 2022.

Published in Economic Development
Sunday, 20 June 2021 14:13

MiBiz Growth Report: June 20, 2021

Here's the MiBiz Growth Report for June 20, 2021.

Published in Economic Development
Wednesday, 16 June 2021 17:09

Lake Michigan Credit Union continues Florida expansion with planned acquisition

Lake Michigan Credit Union will gain a larger presence along Florida’s Gulf Coast with the acquisition of a community bank.

Published in Finance

Sunday, 06 June 2021 11:47

MiBiz Growth Report: June 6, 2021

Here is the MiBiz Growth Report for June 6, 2021.

Published in Economic Development
Wednesday, 14 April 2021 12:21

Whitecaps to start selling limited number of home game tickets

COMSTOCK PARK — The West Michigan Whitecaps announced plans for public ticket sales as the organization prepares for the return of minor league baseball for the first time in more than 620 days.

Published in Economic Development
Tuesday, 02 February 2021 09:59

Whitecaps announce new partnership with Lake Michigan Credit Union; home field renamed LMCU Ballpark

COMSTOCK PARK — West Michigan’s largest outdoor entertainment venue is changing names following a new partnership announced today.

Published in Economic Development

Sunday, 06 December 2020 11:07

MiBiz Growth Report: December 6, 2020

Here's the MiBiz Growth Report for December 6, 2020.

Published in Economic Development
Sunday, 05 July 2020 14:57

West Mich. Sports Commission manages through cancellations, lost visitor spending

GRAND RAPIDS — The West Michigan Sports Commission took measures to create a safer work environment at its office, which was newly opened in November of last year before the springtime COVID-19 pandemic sent staff home to work remotely.

Published in Economic Development
Sunday, 21 June 2020 16:28

Indiana credit union eyes additional Michigan expansion after New Buffalo deal

NEW BUFFALO — The largest credit union in Indiana looks to further expand in the Michigan market after acquiring the parent company of New Buffalo Savings Bank.

Published in Finance

Sunday, 07 June 2020 17:35

Commercial lenders discuss effects of pandemic on West Michigan businesses, banking industry

Bankers across the region have been focused on working with small business clients to secure loans from the federal Paycheck Protection Program, as well providing payment deferrals and adjusting loans for business borrowers hit hard by the COVID-19 pandemic. 

Published in Finance
Sunday, 03 March 2019 21:43

Acrisure considers Cascade Township site for new HQ

A proposed headquarters project in Cascade Charter Township could become the home for Acrisure LLC, a Caledonia-based insurance brokerage that’s been growing rapidly through an ambitious M&A strategy. 

Sunday, 10 June 2018 21:14

MiBiz Growth Report: June 11, 2018

Here is the MiBiz Growth Report for June 11, 2018:

Published in Breaking News

Sunday, 24 December 2017 17:19

2018 Outlook: Sandra Jelinski, Lake Michigan Credit Union

2017 was a busy year for Grand Rapids-based Lake Michigan Credit Union with the opening of new branches and mortgage offices, insurance agency acquisitions, and the pending deal for Encore Bank in Naples, Fla. Michigan’s largest credit union, LMCU has 42 branch locations, three of them in Florida, and total assets of $5.1 billion as of Sept. 30, up more than 9 percent from a year earlier. President and CEO Sandra Jelinski expects more growth in 2018 as the economy remains in good shape.

Published in Economic Development
Sunday, 10 December 2017 12:57

A ‘healthy’ market: Brokers reflect on West Michigan commercial real estate deals in 2017

While inventory remains constrained, the value of commercial real estate transactions continues to gather momentum in West Michigan.

Sunday, 26 November 2017 15:50

Fifth Third seeks opportunities in consolidating insurance market

GRAND RAPIDS — As consolidation among independent insurance brokers accelerates across the country, Fifth Third Bancorp Inc. is pushing deeper into the industry through acquisitions.

Published in Finance

Sunday, 29 October 2017 12:57

MiBiz Growth Report: Oct. 30, 2017

Here is the MiBiz Growth Report for Oct. 30, 2017:

• M&A: Stryker Corp. acquired a majority interest in French medical device company Vexim SA and plans to make a tender offer to buy out its remaining shareholders. The Kalamazoo-based Stryker (NYSE: SYK) acquired 50.7 percent of shares and 50.3 percent of voting rights to Vexim, based in Balma, near Toulouse, France. Stryker paid 20 euros per share to funds managed by Truffle Capital, Bpifrance and Kreaxi, as well as Vexim managers. Vexim said the acquisition of the majority stake by Stryker has an equity value of 183 million euros, which equates to about $216 million. Vexim specializes in devices for minimally invasive procedures to treat traumatic spinal pathologies.

Published in Breaking News
Friday, 13 October 2017 15:35

Lake Michigan Insurance Agency acquires Muskegon Insurance Agency

Lake Michigan Insurance Agency, a division of Grand Rapids-based Lake Michigan Credit Union, has acquired the 110-year-old Muskegon Insurance Agency.

Published in Breaking News
Wednesday, 09 August 2017 12:44

Lake Michigan Credit Union to acquire Florida-based community bank

Lake Michigan Credit Union plans to grow its Florida presence with a deal to buy a community bank.

Published in Breaking News

Sunday, 06 August 2017 15:53

Commercial lending volumes rise as borrowers reach capacity

Among the commercial and industrial borrowers at Lake Michigan Credit Union, about one-third are expanding or buying new equipment that’s needed to grow their businesses.

Published in Finance
Sunday, 23 July 2017 13:53

Credit union acquisitions of community banks expected to accelerate

Two pending deals where West Michigan-based credit unions are buying small community banks follow an emerging trend nationally.

Published in Breaking News
Sunday, 16 April 2017 12:50

Credit unions continue growth streak in Michigan

GRAND RAPIDS — Michigan State University Federal Credit Union’s plan for a downtown office brings another player into the market as Michigan credit unions enjoy a period of strong growth.

Published in Finance

Sunday, 19 February 2017 18:06

Lake Michigan Insurance Agency seeks acquisitions to grow statewide presence

GRAND RAPIDS — Two acquisitions to start 2017 give Lake Michigan Insurance Agency a wider presence across the state to drive growth and pursue further deals in an era of industry consolidation.

Published in Finance
Sunday, 22 January 2017 17:09

MiBiz Growth Report: Jan. 23, 2017

Here is the MiBiz Growth Report for Jan. 23, 2017.

• M&A: Bryan Betten and Chris Baker, two veteran West Michigan dealership executives, have acquired Grand Chrysler Dodge Jeep Ram in Lowell from former owner Harvey Koning. Betten-Baker is in the process of acquiring the remaining Grand Auto Family Services Inc. dealerships owned by Koning, which include facilities in Grandville, Allegan and Lowell, said Pete Ricards, division director at Betten-Baker. The company also is acquiring a Big Rapids-based GMC dealership from Gary Trimarco Automotive group, but is waiting on manufacturer approval from General Motors to complete both deals. 

Published in Breaking News
Friday, 06 January 2017 11:28

LMCU division acquires Katt Insurance Agency

Lake Michigan Insurance Agency, a division of Lake Michigan Credit Union, has acquired Katt Insurance Agency in Belmont.

Published in Breaking News

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