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News Now

CU System
Michigan governor thanks CUs for fostering entrepreneurship
LANSING, Mich. (10/19/10)--Gov. Jennifer Granholm thanked Michigan
Greg Main, left, president/CEO of the Michigan Economic Development Corp., and Andy Levin, right, acting director of the Department of Energy, Labor and Economic Growth, listen as Michigan Gov. Jennifer Granholm discusses the state's and credit unions' efforts to improve entrepreneurship in the state. (Photo provided by the Michigan Credit Union League)
credit unions for their role in fostering small businesses and offering small business loans during a press conference that highlighted the state’s efforts to promote entrepreneurship (Michigan Monitor Oct. 18). Earlier this year, the Michigan Credit Union League worked with the Michigan Economic Development Corp. and the state’s Small Business Technology and Development Center to launch the Credit Union Business Financing Alliance. The alliance offers information on training and lenders to entrepreneurs. Press conference participants included Benjamin Cummings, who relied on credit union alliance services to get a business loan from ELGA CU in Flint, where he was already a member. The loan helped Cummings co-found Cummings Chiropractic in Lapeer, Mich., with his wife, Teresa. Cummings reported that business has been so good that the firm plans to repay its loan early.


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