The $600 million Michigan First Credit Union has kicked off its search for the next Young & Free Michigan Spokester.
Events for rising professionals kick off at GAC.
I am writing in response to both your article on TDR reporting (Nov. 2, page 1) and Michael Poulos’ response (Nov. 23, page 15). I wanted to offer some opinions on how to improve on a few of the issues imposed by TDR reporting and tracking.
I wanted to compliment Credit Union Times for an excellent article on TDR reporting [Nov. 2, page 1].
Reaction from around the industry has been highly mixed. In general, a great diversity of thinking exists across the industry as to what’s important and relevant. That’s good. In formulating your own opinions, there are several pieces to consider.
Credit unions by and large have been seen as the good guys in the ongoing housing finance crisis. In general, more conservative underwriting prevented most credit unions from making the mortgage loans that were most likely to wind up delinquent.
The Obama administration announced on Oct. 21 the nomination of Carla M. Decker, CEO of District Government Employees FCU, to replace NCUA Board Member Gigi Hyland, whose term has expired.
Wincor Nixdorf says Michigan First Credit Union has grown by 35,000 members since 2004.
A jury has ruled that Michigan First Credit Union was entitled to $5 million in damages from CUMIS Insurance Society Inc. in a case involving a wrongful denial of a fidelity bond claim.
After a seven-year legal battle, Michigan First CU is pleased with a court’s decision to uphold a 2009 verdict in a fidelity bond denial case.