Search
 

NuUnion First Michigan CU to Join Business Capital Access Program

LANSING, Mich. - It might be new territory for NuUnion Credit Union, but the long-term impact for Michigan's economy, which has been in the doldrums lately, could see a revival thanks to a network of financial institutions and the re-launch of a 20-year old program.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LANSING, Mich. – It might be new territory for NuUnion Credit Union, but the long-term impact for Michigan’s economy, which has been in the doldrums lately, could see a revival thanks to a network of financial institutions and the re-launch of a 20-year old program.

The $771 million credit union is the first and only credit union in the state to join the Michigan Economic Development Corporation’s Capital Access Program. The program was originally created in 1986 and reinstated in 2002 to provide financial institutions with a flexible tool to make business loans that are somewhat riskier than conventional bank loans, allowing the financial institution to expand its market and better serve its customer base.

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?

Recommended Stories

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 © 2021 ALM Media Properties, LLC. All Rights Reserved.