The offices of MCUL and CUcorp will be closed July 3 for the holiday weekend. Normal business hours will resume July 6.

Steve Rick, CUNA senior economist, has provided the MCUL and its members with analysis of first-quarter Michigan credit union and economic data.

The Michigan State Housing Development Authority (MSHDA) is alerting lenders and homebuyers of two new programs designed to assist low-to-moderate income borrowers purchasing foreclosed homes.

Patrick La Pine, MCUL executive vice president, is taking his skills to a new post in the credit union movement as president/CEO of the League of Southeastern Credit Unions.

Credit unions across the country celebrated the 75th Anniversary of the signing of the Federal Credit Union Act on Friday.

It’s time again for credit unions to provide feedback on the League and affiliates through the MCUL membership survey.

The NCUA has issued a new Letter to Credit Unions (09-CU-14) that explains the benefits and responsibilities associated with recently signed corporate stabilization legislation.

The deadline for reporting credit union school presentations to the National Youth Involvement Board (NYIB) is July 10.

The Obama administration revealed its proposed regulatory reforms on June 17. Initial analysis of the recommendations shows credit unions may be affected by some new, consumer protections, but the NCUA will survive and maintain its authority over credit unions.

U.S. Rep. Gary Peters, D-Mich., is leading a  "Make it in Michigan" grassroots campaign that urges GM to produce their newest model at the Orion plant.

The CUNA Lending Council has raised its scholarship budget from $55,000 to $125,000 for the year. With the higher budget,  a minimum of 50 executives will be able to take advantage of scholarships for lending-related education programs.

The 2009 MCUL Annual Convention and Exposition (AC&E) is less than a month away, and there is good news for credit union staff and volunteers who have yet to sign up for this important event: The early registration discount has been extended to the beginning of the conference on July 9. Registration is available by clicking here.

Robert Fenner, general counsel for the NCUA, has opined that federal credit unions have the authority to modify troubled loans using shared appreciation.

CASE CU (LN) received an arbitration award of $1 million in a case against Prudential Equity Group over two mortgage-related types of investments.

Michigan State University FCU President/CEO Patrick McPharlin has been named recipient of the Distinguished Service Award. American 1 FCU President/CEO David Puckett and Communicating Arts CU will also receive awards.

First quarter, Michigan-specific credit union statistics are now available at the MCUL's Credit Union Statistics, Economic Data and Research page.

Credit union members are showing their support for American-made products by purchasing a record number of vehicles through the credit union discount program “Invest in America.”

Recent turmoil in the financial services industry has regulatory reform on lawmakers’ minds, and credit unions – who have not dealt with large-scale problems – are understandably curious what changes may occur and how they’d be affected.

The NCUA has released its final weekly media advisory concerning its corporate stabilization program. The organization plans to provide future updates on an as-needed basis.

Congressmen John Conyers, Jr., D-Mich., and Bill Shuster, R-Pa., have introduced H.R. 2695, the "Credit Card Fair Fee Act of 2009." The bill brings into play once again the hotly contested issue of interchange fees.

Credit union members have made more than $1.8 million in deposits through "Save to Win," a program that eight Michigan credit unions have offered in conjunction with the MCUL since February.

Credit unions should mark their calendars for a June 24 Webinar held by the NCUA to outline implementation of its corporate credit union stabilization plan.

The first quarter numbers for Michigan credit unions are in, and the data show continued growth and increased lending in a challenging economy.

The Office of Financial and Insurance Regulation (OFIR) has successfully completed the rigorous reaccreditation process of NASCUS.