Search
 

Michigan League Vows Backing for CD Stimulus Package

LANSING, Mich. -- The Michigan Credit Union League pledged support Friday for Gov. Jennifer Granholm's economic stimulus package, calling a $150 million program of depositing funds into credit unions and banks a worthy endeavor particularly "when contemplating expanded financial counseling and small business lending" by CUs.

By Jim Rubenstein | Updated on November 07, 2008

LANSING, Mich. — The Michigan Credit Union League pledged support Friday for Gov. Jennifer Granholm’s economic stimulus package, calling a $150 million program of depositing funds into credit unions and banks a worthy endeavor particularly “when contemplating expanded financial counseling and small business lending” by CUs.

In citing cooperation with the Granholm administration to address the state’s economic crisis, David Adams, president/CEO, said his trade group also “appreciates the very careful yet aggressive way the foreclosure crisis is being approached as more focus now shifts to lenders’ risks.”

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?

NOT FOR REPRINT

© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

 

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 © 2023 ALM Global, LLC. All Rights Reserved.