Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Mich. lawmakers tout CUs work on mortgage crisis
NORTHVILLE TOWNSHIP, Mich. (5/7/08)--Michigan lawmakers attending a chapter breakfast were complimentary of credit unions' efforts in finding solutions to a mortgage crisis they didn't cause.
State Rep. Matthew Gillard compliments Michigan's credit unions for their work. He spoke at the Blue Ox Chapter Legislative Breakfast. (Photo provided by the Michigan Credit Union League)
Michigan State Rep. Matthew Gillard (D-Alpena) addressed 50 credit union attendees at the Blue Ox Chapter Legislative Breakfast April 25 in Alpena (Michigan Monitor May 5). He complimented credit unions' efforts to address the foreclosure crisis, saying their efforts to address the foreclosure issue had not gone unnoticed and were appreciated. In addition to Gillard, the event drew State Rep. Joel Sheltrown (D-West Branch) and staffers from the offices of U.S. Rep. Bart Stupak (D-Menominee) and State Sen. Tony Stamas (R-Midland). According to Alpena Alcona Area CU President/CEO Donald Mills, the lawmakers heard that "the credit union industry was not responsible for the present mortgage crisis that is crippling American families and our overall economy, and that credit unions will be a vital part of the solution to this problem." He added, "This crisis was created by lenders who don't operate by the credit union philosophy of trustworthy, personal service."
Other Resources

RSS print
News Now LiveWire
For the last 75 years, even in the most difficult of times, Mill Town #CU has been there for the community it serves. Read #NewsNow Tues.
6 hours ago
The 1st vid shows how consumer can become victim and, advice to those who think they've been targeted. http://t.co/hr9VHpzEze
11 hours ago
.@TheNCUA has released two videos designed to raise awareness of elder financial abuse. http://t.co/iddSxr7H40
11 hours ago
Celebrate #100MM with @MDDCCUA1 at Orioles v Blue Jays tonight at Camden Yards
11 hours ago
The At Home In Lawrence mortgage program from @MetroCU is designed to help revitalize Lawrence, Mass.
12 hours ago