Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
League Asks CUs For Videos About Biz, Community Loans
LANSING, Mich. (8/23/13)--The Michigan Credit Union League and the Michigan Business Connection (MBC), a credit union service organization that offers business services, are asking state credit unions to submit videos showcasing the positive impact they have made on local businesses or causes.

Michigan's credit unions have loaned more than $1 billion to local businesses and donated more than $10.5 million to community causes, as of 2012, said the league.

The league promotes the initiative with a video that offers tips and ideas credit unions can use to make simple videos promoting their business lending projects. To view the video, use the link.

As credit unions work to create their visual story, MBC is also planning its second annual CU Lunch Local event for Oct. 15. Last year, more than 51 credit unions "cash-mobbed" local businesses to demonstrate the greater power of a dollar spent at a small business.

Credit unions maintain they can do more for small businesses if the cap on their member business loans were lifted to 27.5% of total assets from 12.25%. The Credit Union National Association has estimated that lifting the MBL cap would create 140,000 jobs and inject $13 billion in new funds into the economy, at no cost to taxpayers.
RSS print
News Now LiveWire
Coast Central #creditunion donation means new wheels for food pantry #NewsNow http://t.co/VhCwTA8uwp
18 minutes ago
.@12LocalNews taps #ToplineFCU for retirement tips http://t.co/yVYjxzRo8T
18 minutes ago
Happy early silver anniversary, @fileneresearch! Tomorrow is the big day: http://t.co/fMoqn0Y1ST
40 minutes ago
Hunger on the hoof: @midatlanticfcu helps #[MOO]VE donations to @MannaFoodCenter http://t.co/tMK5uXPFVs
1 hours ago
.@GabbyGiffords, Mark Kelly join #Bernanke at @Fiserv Sept. conference http://t.co/rcu45OjSNy
1 hours ago