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News Now

CU System
CUs Michigan First trademark issue settled
LATHRUP VILLAGE and TROY, Mich. (10/5/10)--A Michigan credit union and a Michigan bank have settled a trademark dispute involving the words "Michigan First" in both their names. Michigan First CU, based in Lathrup Village, and First Michigan Bank of Troy announced Friday they have amicably resolved their trademark dispute, and all pending judicial and administrative proceedings stemming from the dispute have been dismissed. The details of the agreement are confidential, the two organizations said in a join press release (PRNewswire Oct. 1). First Michigan, with assets of more than $565 million, filed the trademark infringement lawsuit against the bank on May 12 in the U.S. District Court for the Eastern District of Michigan in Ann Arbor. It had sought an injunction against First Michigan Bancorp Inc., based in Troy, Mich. over the words "Michigan First" (News Now May 18). According to the complaint filed, the credit union adopted and used several service marks, all incorporating and prominently featuring the words "Michigan First." These include 'Michigan First Credit Union" for its credit union services, "Michigan First Credit Union Moneyworks,' for its internet banking services, "Michigan First Wealth Management Group" for its financial planning and estate planning services, and www.michiganfirst.com, the credit union's website. On April 30, state regulators closed Port Huron-based CF Bancorp, which operated 22 branches under the Citizens First name--19 of them in Michigan and many of them in the same market as the credit union. The regulators sold the bank's deposits and some of its assets to First Michigan Bank, a bank that was established in 2007 (Detroit Free Press via freepress.com May 1).


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