Vol. 01 Issue 5 | August 10, 2021
Q1 Report Shows Steady Membership and Business Loan Growth Amidst Vaccine Rollout

The National Credit Union Administration’s recently released Q1 2021 call report data shows an uptick in Michigan’s economy as the COVID-19 vaccine became accessible to the broader population. As vaccination rates reached 4 million doses per day by the end of March, the year’s first quarter saw...

Advocacy & Compliance
Key State Issues
  • Work continues behind the scenes on the state’s FY22 budget
  • Payday industry is renewing their push to advance HB 4004
  • Financial Exploitation Prevention Act (FEPA) will become effective on September 26
Key Federal Issues
  • Securing and Enabling Commerce Using Remote and Electronic (SECURE) Notarization Act of 2021 has been introduced
  • Veterans and Consumers Fair Credit Act would extend the Military Lending Act (MLA) 36% all-in rate cap to all consumer loans
  • The U.S. Senate is extremely close to passing a compromise infrastructure bill
Education & Networking
There's Still Time to Attend the 2021 AC&E

It is time to reunite and create some summer-inspired adventures in Traverse City by attending the MCUL/CUSG Annual Convention & Exposition. There's still time to register for the event, taking...

Arkell Returns for Virtual Lending School

MCUL has recently opened registration for a Virtual Lending School, held on Oct. 5-6. Popular speaker Don Arkell will be leading the event. Day one focuses on Specialized Consumer Loan Sales Training...

Think Strategic! Get Boards and Planners to Fall Leadership Development Conference

The MCUL Fall Leadership Development Conference, held Sept. 17-19 in Traverse City, has been reinvented with a new format and expanded to include a Strategic Planning Workshop...

Expert Demographer to Address Executive Summit Attendees

Credit union professionals were wowed by expert Demographer Ken Gronbach when he addressed CEOs and C-suite professionals at past MCUL events and now he will be sharing insights with attendees...

The Credit Union Difference
MCUF Grant Helps TRUE Community Support Business Incubator for Underrepresented Communities

The Michigan Credit Union Foundation, TRUE Community Credit Union and Henry Ford Allegiance Health have joined resources... 

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Making an Impact!
CMN Fun Run/Walk Returns to the 2021 AC&E: A Chat with Bridget Staffileno

What's better than getting together bright and early and going for a walk or a run? Walking or running with credit union peeps at MCUL’s Annual Convention and Exposition (AC&E) to raise money for the Children’s Miracle Network...

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Free Webinar: Women and Investing: Steering Toward Retirement

Next month, MI Solutions and CUNA Mutual Group are putting on a free webinar, "Women and Investing: Steering toward retirement."

There’s no denying the facts: women tend to earn less than men, while also living longer. If you’re a woman who would like to retire one day, you...

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Advantage One Provides Needed Support to Downriver for Veterans

Advantage One Credit Union has historically been committed to supporting local Downriver organizations, so when the...

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MCCU Donates School Supplies for Montgomery Fire Dept Giveaway

Marshall Community Credit Union recently filled and donated 600 pencil boxes to the Montgomery Fire Department’s backpack...

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Genisys Raises $25K for OLHSA's Walk for Warmth Campaign

Throughout 2020 and 2021, members, employees, friends and family of Genisys Credit Union raised funds for Oakland...

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Q1 Report: Memberships, Member Benefits and Business Loans Persist as Vaccines Rollout

The first two months of 2021 marked a continuation of COVID-19 infections in the U.S. before the vaccination rollout increased to the broader population. As vaccination rates reached 4 million doses...

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Eltropy: Top 3 Things Credit Unions Should Know about Texting

Credit unions have found that their members are requesting the ability to communicate via text messaging. In doing so, credit unions have also found it to be very efficient and effective, in turn...

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MCUF provides materials, funding and implementation guidance to assist credit unions and chapters in hosting unique hands-on financial learning experiences, the Financial Reality Fair for high school students, and the MONEY MASTERS Fair for middle school students.

Click here to learn more
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