Displaying items by tag: United Federal Credit Union

The sheer volume of small businesses that have sought federal relief loans illustrates the depth and scope of the economic pain brought on by the COVID-19 pandemic.

BENTON HARBOR — A new campaign aims to stanch Berrien County’s population losses and attract thousands of new residents over the next decade. 

Here is the MiBiz Growth Report for Aug. 19, 2019:

BENTON HARBOR — As real estate activity picks up in Southwest Michigan, officials in the Benton Harbor area are hoping a developer will take interest in renovating a historic downtown building. 

United Federal Credit Union plans to buy a former Whirlpool Corp. office building in St. Joseph for its new corporate headquarters.

ST. JOSEPH — United Federal Credit Union’s opening of two offices this summer in South Bend and Mishawaka follow the organization’s plan to build a broader presence in the northern Indiana market.

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

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. 

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.

Many credit unions recorded 2015 loan growth in the double digits, said Kenley Penner, a partner and the head of Plante Moran PLLC’s credit union practice. Penner attributes the results and lending growth to a “relatively strong” housing market that’s driving mortgage originations, coupled with strong sales volumes for both new and used vehicles.