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Items Tagged with 'Michigan Credit Union League'
But banks are fighting in Congress to stop the expanded limits of CU loans.
The Michigan Credit Union League says Grand Rapids credit unions increased outstanding business loan balances by slightly more than 50 percent over a 12-month period, based on 2015 first-quarter data analyzed by the Credit Union National Association. Read More
Approximately 17,500 in Michigan borrowed from the online lender at interest as high as 300 percent.
Michigan’s Department of Insurance and Financial Services is asking the Michigan Credit Union League and other trade associations in the Michigan financial sector to help make sure their members know about refunds that may be due them from Western Sky Financial LLC. Read More
MCUL reports that 2014 was a high-growth year for Michigan.
Michigan credit unions, according to the Michigan Credit Union League, enjoyed double-digit increases in business loans and auto loans through 2014, plus a healthy jump in membership. Read More
But checking account numbers are dropping in West Michigan.
In the year since consumers were urged to move their accounts from big banks to credit unions on Bank Transfer Day (Nov. 5, 2011), credit unions in Michigan have reported an “extraordinary” surge in new members, according to a report from Michigan Credit Union League & Affiliates. Read More