BATTLE CREEK, Mich. – Founders of the newly chartered Inspire Community Development CU held a grand opening Monday to celebrate the state’s latest CDCU, Michigan’s first new credit union in 25 years.
The CDCU start-up will offer savings accounts as well as instructions on paying down debt, applying for loans, saving for emergencies and developing other financial skills.
The new credit union has signed 37 members and made $18,000 in loans since its informal opening May 17.