X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NORTHVILLE TOWNSHIP, Mi – Representatives from the Michigan Credit Union League, NCUA, the National Federation of Community Development Credit Unions (NFCDCU) and Michigan’s state government were on hand recently to see the Michigan League recognize eight credit unions for their work with Individual Development Accounts (IDAs). IDA account holders deposit money in accounts that are designated for a specific purpose such as purchasing a home, getting a college degree or starting a small business. Government or non-profit groups match those deposits. The eight Michigan credit unions recognized for their efforts include Bethel A.M.E. Church FCU based in Chicago; Straits Area FCU in Cheboygan; Lansing Community CU; First Community FCU in Parchment; Forest Area FCU in Fife Lake; Westshore Community FCU in Muskegon Heights; Delta County CU in Escanaba; and Federal Employees of Chippewa County CU in Sault St. Marie. “You really are part of a movement,” said Hubert Price, a former state representative and credit union manager who presented the awards. “This whole notion of IDAs for going back to school, buying a home, starting a business-that is what economic literacy is about, that is how you defeat predatory lending, that’s how you keep people out of the clutches of payday lenders.”

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.