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Although it may be hard to believe now, the $29 million Communicating Arts Credit Union, winner of Credit Union Times 2010 Trailblazer Award for Outstanding Service to the Underserved, was not founded to be a community development or low-income credit union.

The 75-year old state-chartered credit union, headquartered in Detroit, began life in 1935 as the credit union serving primarily reporters and staff from Detroit’s two biggest newspapers, The Detroit News and The Detroit Free Press. Communicating Arts kept pretty closely to that field of membership for 60 years until it became very clear that the credit union’s members and hence the credit union was going to have to change.

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