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Displaying items tagged: Michigan Credit Union League

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, 09 May 2021 18:20

Michigan banking groups back federal cannabis bill

Federal legislation advancing through Congress this session could lead to more banks serving marijuana-related businesses in the U.S. and Michigan.

Published in Finance
Sunday, 19 April 2020 17:29

Michigan small businesses access more than $10 billion in SBA relief funding

The U.S. Small Business Administration approved relief loans totaling $10.38 billion for nearly 43,500 small companies in Michigan before running out of money.

Published in Small Business

Sunday, 18 August 2019 17:50

BANKING: Banks and credit unions wait for federal law to become more cannabis-friendly

The legalization of cannabis in Michigan offers an emerging economic sector for banks and credit unions, but only if Congress enacts legislation to change existing federal law and allow them into the market.

Published in Finance
Sunday, 15 April 2018 20:31

Banks, credit unions unite in support of regulatory reform bill

Executives at banks and credit unions across Michigan found common ground in advocating for legislation to ease federal regulations they say hurt smaller financial institutions and their ability to lend.

Published in Finance
Sunday, 18 February 2018 18:58

Credit union consolidation gains steam in West Michigan

The consolidation trend among Michigan credit unions remained strong in 2017, leading to a further reduction in the number of institutions in the state.

Published in Finance

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, 02 October 2016 14:13

Credit unions leverage service model for growth

Chris Mason and his partners wanted to use a local lender when they sought a loan to start their business in Stevensville, just north of the Indiana border in Berrien County. 

Published in Finance
Sunday, 10 July 2016 13:38

Credit union execs see room for growth in commercial lending

Credit unions across Michigan have enjoyed strong growth in recent years.

Published in Finance

Sunday, 26 June 2016 10:43

Credit unions can offer new services under update to state law

Updates to a Michigan law now allow credit unions to branch into new services while streamlining their state regulatory burden.

Published in Finance
Sunday, 06 March 2016 14:40

Southwest Michigan’s Advia Credit Union plans to acquire Wisconsin bank

PARCHMENT — Advia Credit Union’s proposed acquisition of Mid America Bank, a small community bank in southern Wisconsin, is the kind of deal that occurs infrequently in the financial services industry.

Published in Finance