Residents around this state are on notice: "Anyone Can Join A Michigan Credit Union." That message is the tagline of a new TV and radio campaign being launched next week as part of the Michigan CU Brand Campaign. The eight-week media blitz calls for radio buys in the state's most expensive markets: Detroit, Grand Rapids and Traverse City; and TV spots in the Flint, Lansing and Marquette markets. The three radio spots emphasize credit unions' superior service and lower fees and utilize the theme "Credit Unions: Where People are Worth More than Money." David Adams, president of the Michigan CU League, said the latest awareness campaign is designed less to increase membership, and more to develop awareness of the credit union tax exemption and to strengthen the political lobby. Credit unions are being encouraged to leverage off this media campaign to enhance the effectiveness of their own individual marketing efforts. About half of the state's credit unions have invested in the campaign and have been equipped with collateralized marketing materials to compliment the initiative. Listeners are directed to lovemycreditunion.org.
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Lake Shore Bancorp in Western New York has reached a "standstill agreement" with the Stilwell Group, which has promised not to force a merger or sale in the next three years.
March 20 -
Swiss banking giant UBS Group received federal approval from the Office of the Comptroller of the Currency to convert its $1.6 trillion-asset UBS Bank USA from a Utah-chartered industrial bank to a national charter.
March 20 -
Early industry reaction to the Federal Reserve's Basel III proposals points to potential capital relief for banks, though stakeholders say the complexity of the changes makes their overall impact unclear.
March 20 -
Financial institutions that delay or fail to take this leap risk losing customers and revenue, said speakers at the inaugural On-Chain Executive Summit.
March 20 -
CISA and Microsoft urge organizations to secure endpoint management systems as threat actors increasingly seek to disrupt operations with wiper malware.
March 20 -
Piermont Bank hired Dennis Day for a new executive role focused on payments; the American Bankers Association announced the global expansion of its widely used Fraud Contact Directory; MC Bankshares moved one step closer to finalizing its sale to an investor group; and more in this week's banking news roundup.
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