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CU System
Michigan GAC addresses economy foreclosures
NORTHVILLE TOWNSHIP, Mich. (4/23/08)--Mortgage foreclosures, the struggling economy and national elections were among the topics
State Rep. Darwin Booher (R-Evart), left, chats with Members CU President/CEO Dan Witkowski at the Michigan Governmental Affairs Conference Legislative Luncheon. (Photos provided by the Michigan Credit Union League).
added to credit unions' regulatory and legislative issues discussed at the 2008 Michigan Credit Union League (MCUL) Governmental Affairs Conference. The event, held April 16-17 in Lansing, was attended by more than 100 credit union leaders (Michigan Monitor April 21). MCUL President/CEO David Adams opened the conference by detailing the league's work in several areas including regulatory relief, the mortgage crisis, strengthening the credit union charter, credit union cooperative advertising and the MCUL Community Reinvestment Initiative (CRI). Other speakers discussing political and economics issues were keynote speaker Matthew Cooper, former Time Washington bureau chief and now Washington editor at Conde Nast Portfolio, and Emily Kolinski Morris, Ford Motor Co. senior economist.
At the 2008 Michigan Credit Union League Governmental Affairs Conference last week, the league named State Rep. Andy Coulouris (D-Saginaw), left, as its State Lawmaker of the Year, and Teri Ambs, legislative director to State Sen. Randy Richardville (R-Monroe), as State Staffer of the Year.
Kolinski Morris said that while the state's economy is becoming more diverse, it still relies heavily on the manufacturing and auto industry. Roughly 23% of the nation's auto production occurs in Michigan. Manufacturing contributes 15% of Michigan's non-farm employment and 22% of its total payroll. She predicted manufacturing will continue to exert a strong influence over the state's near-term performance. Other speakers included Michigan Republican Party Chairman Saul Anuzis and Democratic Party Chairman Mark Brewer; State Sen. Randy Richardville (R-Monroe); Jodi Morris of the Michigan State Housing Development Authority Division of Homeownership; and newly appointed Office of Financial and Insurance Regulation Commissioner Ken Ross.


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