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Lake Michigan Credit Union
Lake Michigan Credit Union (LMCU), founded in 1933, is a credit union based in Grand Rapids, Michigan. As of 2019, Lake Michigan Credit Union has 53 locations throughout the states of Michigan and Florida. Lake Michigan is currently the largest credit union in the state of Michigan and the largest financial institution based in Western Michigan. As the organization is a federally insured state-chartered credit union, Lake Michigan Credit Union is regulated by the National Credit Union Administration (NCUA). Lake Michigan Credit Union was officially chartered in 1933 and was assigned NCUA charter number 62514. History Lake Michigan Credit Union was founded in 1933 in Grand Rapids, Michigan, by Lloyd F. Hutt as Grand Rapids Teachers Credit Union. On March 1, 2002, the institution changed its name to Lake Michigan Credit Union. In mid-May 2010, the Kalamazoo-based Citizens Credit Union announced that it planned to merge with Lake Michigan Credit Union. This merger took place in June 2 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Union
A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit organization, nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provision of Credit (finance), credit, and other financial services. In several African countries, credit unions are commonly referred to as SACCOs (Savings and Credit Co-Operative Societies). Worldwide, credit union systems vary significantly in their total assets and average institution asset size, ranging from volunteer operations with a handful of members to institutions with hundreds of thousands of members and assets worth billions of US dollars. In 2018, the number of members in credit unions worldwide was 274 million, with nearly 40 million members having been added since 2016. Leading up to the financial crisis of 2007–2008, commercial banks engaged in approximately five times more subprime lending relative t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grand Rapids, Michigan
Grand Rapids is a city and county seat of Kent County, Michigan, Kent County in the U.S. state of Michigan. At the 2020 United States census, 2020 census, the city had a population of 198,917 which ranks it as the List of municipalities in Michigan, second most-populated city in the state after Detroit. Grand Rapids is the central city of the Grand Rapids metropolitan area, which has a population of 1,087,592 and a combined statistical area population of 1,383,918. Situated along the Grand River (Michigan), Grand River approximately east of Lake Michigan, it is the economic and cultural hub of West Michigan, as well as one of the fastest-growing cities in the Midwestern United States, Midwest. A historic furniture manufacturing center, Grand Rapids is home to five of the world's leading office furniture companies and is nicknamed "Furniture City". Other nicknames include "River City" and more recently, "Beer City" (the latter given by ''USA Today'' and adopted by the city a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Dollar
The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kalamazoo Gazette
The ''Kalamazoo Gazette'' is the daily newspaper in Kalamazoo, Michigan, and is part of MLive Media Group, Michigan's largest local media organization. ''The Gazette'' publishes seven days a week. Papers are available for home delivery on Thursday and Sunday. History Originally founded in 1833 by John D. Defrees as the ''Michigan Statesman and St. Joseph Chronicle'', the paper's name was shortened to the ''Michigan Statesman'' after it was purchased by Henry Gilbert. The paper became the ''Kalamazoo Gazette'' in 1837. In April 2010, the ''Gazette'' announced it would pay $1,525,000 to the City of Kalamazoo to avoid lawsuits seeking $4 million in previously awarded tax breaks related to the 2002 expansion of their downtown Kalamazoo printing facility. The 2002 expansion cost the ''Gazette'' $33 million, including $20 million in new equipment. The breaks were awarded on the condition that the ''Gazette'' maintain 175 jobs related to the expansion until 2014. On November 2, 2011 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Union
A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit organization, nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provision of Credit (finance), credit, and other financial services. In several African countries, credit unions are commonly referred to as SACCOs (Savings and Credit Co-Operative Societies). Worldwide, credit union systems vary significantly in their total assets and average institution asset size, ranging from volunteer operations with a handful of members to institutions with hundreds of thousands of members and assets worth billions of US dollars. In 2018, the number of members in credit unions worldwide was 274 million, with nearly 40 million members having been added since 2016. Leading up to the financial crisis of 2007–2008, commercial banks engaged in approximately five times more subprime lending relative t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Western Michigan
West Michigan and Western Michigan are terms for an arbitrary region in the U.S. state of Michigan's Lower Peninsula. Most narrowly it refers to the Grand Rapids-Muskegon-Holland, Michigan, Holland area, and more broadly to most of the region along the Lower Peninsula's Lake Michigan shoreline, but there is no official definition. Definition In general, "West Michigan" often refers to the area bounded by the cities of Muskegon (in the north), Grand Rapids (in the northeast), Kalamazoo-Battle Creek (in the southeast) and St.Joseph-Benton Harbor (in the southwest). However, definitions of the boundaries of the region vary widely; in some contexts, the term "West Michigan" is applied only to the counties of Allegan, Kent County, Michigan, Kent, Muskegon, and Ottawa, which together compose the Grand Rapids-Wyoming-Muskegon SMSA. Other definitions include the Kalamazoo, Michigan, Kalamazoo-Battle Creek, Michigan, Battle Creek and Benton Harbor, Michigan, Benton Harbor-St. Joseph, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Grand Rapids Press
''The Grand Rapids Press'' is a daily newspaper published in Grand Rapids, Michigan. It is the largest of the eight Booth newspapers. It is sold for $1.50 daily and $7.99 on Sunday. AccuWeather provides weather content to the ''Grand Rapids Press''. History ''The Morning Press'' was founded by William J. Sproat and appeared on Monday, September 1, 1890. Mr. Sproat was its proprietor until November 5, 1891, when control passed to the Press Publishing company. Soon after, the controlling interest in the company was purchased by George G. Booth, who in 1892 bought the rival ''Grand Rapids Eagle'' and merged it with the ''Press''. January 1, 1893, the ''Press'' went into the evening daily field, which it has since occupied. This newspaper at first was published at 63 Pearl Street. Then for a number of years it occupied a building on the Grand River at the southeast end of the Pearl Street bridge. In 1906 it moved to a new home at Fulton Street and Sheldon Avenue. The paper ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Credit Union Administration
The National Credit Union Administration (NCUA) is a government-backed insurer of credit unions in the United States, one of two agencies that provide deposit insurance to depositors in U.S. depository institutions, the other being the Federal Deposit Insurance Corporation, which insures commercial banks and savings institutions. The NCUA is an independent federal agency created by the United States Congress to regulate, charter, and supervise federal credit unions. With the backing of the full faith and credit of the U.S. government, the NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 124 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. Besides the Share Insurance Fund, the NCUA operates three other funds: the NCUA Operating Fund, the Central Liquidity Facility (CLF), and the Community Development Revolving Loan Fund (CDRLF). The NCUA Operating Fun ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Federal Credit Union
United Federal Credit Union (UFCU) is an American federally chartered credit union based in St. Joseph, Michigan. Originally chartered in 1949, UFCU has more than 186,000 Members in all 50 states and the District of Columbia. The credit union assets in excess of $3.8 billion as of December 2022. United has 35 branches in six states: Michigan, Ohio, Indiana, Nevada, North Carolina, and Arkansas. United Federal Credit Union offers a diverse array of products and services for businesses and individuals, include checking and savings accounts; auto loans, RV and boat loans, credit cards; mortgage, construction, and lot loans; home equity loans, and lines of credit; business accounts, loans, and credit cards. History United Federal Credit Union’s origins date to the 1930s and 1940s, when the Nineteen Hundred Employee Credit Union (NHECU), and the Buchanan Clark Employee Credit Union (BCECU), were originally formed to serve the employees of the companies that would ultimately become t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Detroit Free Press
The ''Detroit Free Press'' is the largest daily newspaper in Detroit, Michigan, US. The Sunday edition is titled the ''Sunday Free Press''. It is sometimes referred to as the Freep (reflected in the paper's web address, www.freep.com). It primarily serves Wayne, Oakland, Macomb, Livingston, Washtenaw, and Monroe counties. The ''Free Press'' is also the largest city newspaper owned by Gannett, which also publishes ''USA Today''. The ''Free Press'' has received ten Pulitzer Prizes and four Emmy Awards. Its motto is "On Guard for Years". In 2018, the ''Detroit Free Press'' received two Salute to Excellence awards from the National Association of Black Journalists. History 1831–1989: Competitive newspaper The newspaper was launched by John R. Williams and his uncle, Joseph Campau, and was first published as the ''Democratic Free Press and Michigan Intelligencer'' on May 5, 1831. It was renamed to ''Detroit Daily Free Press'' in 1835, becoming the region's first daily newsp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1933
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Unions Based In Michigan
Credit (from Latin verb ''credit'', meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), but promises either to repay or return those resources (or other materials of equal value) at a later date. In other words, credit is a method of making reciprocity formal, legally enforceable, and extensible to a large group of unrelated people. The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment. Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower. Etymology The term "credit" was first used in English in the 1520s. The term came "from Middle French crédit (15c.) "belief, trust," from Italian credito, from Latin creditum "a loan, thing entrusted to another," fro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
