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News Now

CU System
State official discusses Chrysler thanks CUs
LANSING, Mich. (5/4/09)--Michigan Lt. Gov. John Cherry discussed automaker Chrysler’s declaration of bankruptcy and also thanked credit unions for helping consumers when he spoke at the Michigan Credit Union League’s Governmental Affairs Conference (GAC) last week. Chrysler declared bankruptcy last week to buy time to create a partnership with Italian auto-maker Fiat Group SpALt 9 (Michigan Monitor April 30). “My guess is that when all is said and done, Chrysler will remain an American company,” Cherry told GAC attendees. “It will continue to manufacture cars here in Michigan, but the decision of [hedge funds refusing to help] is going to make it a bit more difficult.” Chrysler joined the Invest in America credit union loan partnership shortly after it was launched in December. The program provides access to affordable financing options and special discounts for credit union members (News Now Dec. 17). Cherry also thanked credit unions for doing their part to help consumers “realize their dreams.”
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