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A week later, MSUFCU announced the acquisition of a second Chicago-area bank, Algonquin State Bank. [24] In November 2023, MSUFCU announced its acquisition of Lansing-based Gabriels Community Credit Union, [3] [25] as well as plans for two new Detroit-area branches, to be built in Novi and Brighton. [26]
LANSING, Mich. — LAFCU is now accepting submissions for its annual Write to Educate Essay Contest, which will award $5,000 college scholarships to each of four Michigan high school seniors.
March 2013: Lake Trust Credit Union announced they would be building a new $30 million headquarters in Brighton, Michigan. The site includes a new 100,000 square foot building designed to more efficiently and effectively join their employees who were split between corporate offices located in Lansing, Michigan, Plymouth, and Brighton. [6] [7]
As of October 2021, DFCU Financial had approximately $6 billion in assets, 232,000 members, and 27 branches in Metro Detroit, Ann Arbor, Grand Rapids and Lansing. [ 2 ] [ 3 ] Eligibility for membership is extended to anyone who lives, works or worships in the 68 counties of the Lower Peninsula of Michigan .
Federal home loan bank Atlanta. The FHLBank System was chartered by Congress in 1932, during the Great Depression. [1] It has a primary mission of providing member financial institutions with financial products/services which assist and enhance the financing of housing and community lending.
The lawsuit also claims that the credit union pressured clients to sign 'Draw Distribution Authorization' documents to release funds to Great Lakes Home and that the plaintiffs' homes construction were either not started, not completed, or deficient. [12] [13] The lawsuit asked for damages of more than US$25,000 for each of the eight counts. [12]
Michigan National Bank was a bank founded in Lansing, Michigan, which was established on 31 December 1940 when Howard J Stoddard consolidated six Michigan banks: First National Bank and Trust Company of Grand Rapids, First National Trust and Savings Bank of Port Huron, Lansing National Bank, City National Bank of Battle Creek, National Bank of Saginaw and First National Bank of Marshall.
Standard Federal Bank was a Troy, Michigan-based bank serving Michigan and Northern Indiana in the United States which was acquired by Bank of America on 5 May 2008. [1]In 2005, Standard Federal was the largest bank in Michigan based on number of retail branches (265), ATMs (more than 1,000) and deposits (US 23.3B, 15.06% market share); it ranked second in assets.