Credit unions grow in 2010

Things are looking up for us in the credit union world, according to the Detroit News:

For a second straight year, Michigan credit unions added more than 50,000 members in 2010. That’s nearly three times the 17,000 members added in 2008, then the biggest gain in five years.

Whether it was disgust with high fees, jacked-up interest rates, slashed credit lines or the handing out of billion-dollar bonuses after taking government bailouts, more recession-weary people have decided big banks look too much like Mr. Potter, the greedy banker in Frank Capra’s classic film.

This squares with the reporting from our local MLive.com on businesses turning to credit unions, too.

Not to brag, but we’ve always thought credit unions were a pretty sweet deal.

0 Responses to “Credit unions grow in 2010”



  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s




American 1 Federal Credit Union

%d bloggers like this: