Gift will fund artist in residence program for jazz musicians at Michigan State University.
Smaller credit union cites economic climate, financial legislation; NCUA figures show declining income.
The founders of an information site and aggregating Web application are the $25,000 winners of the credit union’s startUP Challenge.
Winner will receive up to $25,000 to jump start a new business.
Entrepreneurs looking to launch their businesses in several Michigan counties may have the opportunity to do so with the help of MSUFCU.
Members of MSUFCU recently refinanced $9.6 million in loan and credit card balances, surpassing a goal set by the cooperative.
The Federal Reserve's most recent report about cards issued in affinity with colleges and universities has shown how the overall college and university affinity market has contracted slightly over the last year but also provided credit unions with card-issuing opportunities.
The $1.9 billion Michigan State University Federal Credit Union has joined the ranks of CUs that have picked up affinity card issuing relationships that were previously held by banks.