NuUnion CU Joins Business LoanProgram

Published June 26, 2006, 1:00 a.m. EDT

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Updated August 27, 2020, 2:11 a.m. EDT

1 Min Read

LANSING, Mich. - (06/26/06) NuUnion CU said Friday it hasjoined the Michigan Economic Development Corp.s CapitalAccess Program, which provides loans to more risky businesses. Theprogram was created in 1986 and reinstated in 2002 to providecredit unions and banks with a flexible tool to make business loansthat are somewhat riskier than conventional loans. The $770 millioncredit union, formerly called State Employees CU, will work withthe Michigan Business Connection, a CUSO, on theprogram.

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