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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.

Published in Finance

Option 1 Credit Union plans to open a downtown Grand Rapids location as part of a new development that’s currently under construction.

Published in In the News

Credit unions would have greater flexibility in how they structure business loans if a proposed change in federal regulations takes effect as written.

Published in Finance

Work on the 80,000-square-foot, three-story office will begin in the late summer and is targeted for completion in 2017 on a 22-acre site at I-94, Ninth Street and Elm Valley Drive in the Groves business park.

Published in In the News

Commercial lending by credit unions could get a boost through an agreement between two federal agencies that would increase access to credit for small businesses.

Published in Finance

Opening a financial services division is the latest step of a broader growth strategy for Honor Credit Union to serve a larger base of members.

Published in Finance

While Lake Michigan Credit Union is making its first foray out of Michigan with a mortgage lending office in Mishawaka, Ind., that doesn’t necessarily mean the organization will open branch locations outside of its home state, executives said.

Published in Finance

The latest proposed credit union merger in Michigan involves two growing institutions that come into the deal from positions of financial strength.

Published in Finance

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