Vol. 02 Issue 19 | September 20, 2022

Collaboration Rules!

Happy fall, y’all!  What a summer! I hope you were able to get out and enjoy some sunshine this season on a Michigan lake! Those who attended our MCUL Executive Summit last week were rewarded with some amazing Michigan weather up in Petosky. In hearing the feedback from attendees at our event, far and...

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Advocacy & Compliance
Key State Issues
  • Our Q3 “Cheers! to Compliance” session will be held on Sept. 30.
  • The state legislature will reconvene for votes toward the end of this month.
  • We’re working with MEDC on implementation of state-level funding for CDFIs.
Key Federal Issues
  • Our focus along with CUNA and the state leagues remains on the battle against interchange reforms.
  • It is important to make your voice hear using CUNA’s grassroots action alert and prepared communication.
  • NCUA announced a long-awaited CECL Tool intended to help small credit unions comply with FASB’s expected credit loss standard.
Education & Networking
Act Now: Attorney David Reed Leads MCUL Collections and Bankruptcy School in Farmington Hills

A lot has happened over the last few years that directly impacts credit union collection departments. From understanding the virtual workflow, to new ways to assess default risk and improve collections calls...

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Register IRA Handlers for Virtual Training; Ideal for New or Seasoned Staffers

MCUL is featuring Deb Shipman, CIS, CIP, CISP from Ascensus, next week to provide IRA: Essentials and Advanced training. Participants may register for one or both days of the virtual workshop taking...

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The Credit Union Difference

Honor and Financial Plus Partner with Zogo’s Financial Literacy App

Honor Credit Union and Financial Plus Credit Union have recently partnered with Zogo, a leading financial technology company, to bring Zogo's app to account holders and families. The app...

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Making an Impact!
Community Delivers for LAFCU's Back-to-School Extravaganza

On Aug. 30, more than 100 excited kids in south Lansing each took home a backpack filled with school supplies and high expectations for the new school year at the Back-to-School Extravaganza coordinated by LAFCU, Two Men and a Truck and The Village Lansing.

“It was a beautiful day to celebrate our young people,” said Erica Lynn, co-founder of The Village Lansing. “We couldn’t have done it without LAFCU, our other generous sponsors and all those who donated supplies and their...

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NCUA Grants Allow Low-Income CUs to Expand Service, Build Capacity

NCUA has awarded more than $1.5 million in Community Development Revolving Loan Fund...

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Calcite Credit Union Members Overwhelmingly Approve Merger with Alpena Alcona Area Credit Union

Calcite Credit Union has announced that members overwhelmingly approved a merger...

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Michigan’s Student-Run Credit Unions Bring Communities Financial Education & Job Experience

It’s back-to-school season, and for credit unions, that means it’s time to open back up student-run credit union branches. Student-run credit union branches are exactly what they sound like: credit union...

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CU Champion: Gerber’s Katrina Luchies is Looking for Ways to Make a Difference

This summer, Newaygo-based Gerber Federal Credit Union added a fourth in-house certified financial counselor when Member Solutions Manager Katrina Luchies completed Credit Union National ...

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KCCU Gives Back to Local Teachers with Grant Program

Kellogg Community Credit Union (KCCU) recently announced that, for the second year in a row, it awarded teachers throughout West Michigan with classroom grants. "KCCU understands that great...

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Did you know there are 9 total categories for the 2023 MCUL/MCUF Awards?

Apply Here!

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