In response to a trademark infringement suit filed by Michigan First Credit Union, First Michigan Bank said the claims are without merit and it intends to defend its name.
The $550 million Michigan First Credit Union said today it is moving forward with a suit against First Michigan Bancorp Inc. for trademark infringement.
The economic downturn of the past two years has been tough on banks, but it has presented the best opportunity in decades for credit unions to grow by expanding their base of auto loans.
A redesigned website that features personal finance calculators, planning tools and research articles, among other improvements, has been launched by $550 million Michigan First Credit Union.
The majority of credit unions have seen their credit card programs largely unchanged by the implementation of the Credit Card Accountability, Responsibility and Disclosure Act.
With an eye on making banking easy and convenient for members, Michigan First Credit Union has added a Twitter alert to its personal finance management toolkit.