The early success of a credit union small business financing program is one example of how cooperatives are helping out, said David Adams, president/CEO of the Michigan Credit Union League.

Adams referred to a partnership between Michigan CUs and Gov. Jennifer Granholm to jumpstart small business growth in Michigan through the Credit Union Small Business Financing Alliance. With the help of the Michigan Economic Development Corporation and the Michigan Small Business and Technology Development Centers, 30 CUs have volunteered $43 million to be made available in small business loans. Adams said the first loans in this new program have already helped keep jobs at Pinnacle Electronics in Clinton Township and create jobs at a new chiropractic office in Lapeer.

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

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

  • Critical 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 and

Already have an account?

Dig Deeper


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 and

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

Copyright © 2023 ALM Global, LLC. All Rights Reserved.