NuUnion Joins Biz Loan Program

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NuUnion CU has joined the Michigan Economic Development Corp.'s Capital Access Program, which provides loans to more risky businesses.

The program was created in 1986 and reinstated in 2002 to provide credit unions and banks with a flexible tool to make business loans that are somewhat riskier than conventional loans.

The $770-million credit union, formerly called State Employees CU, will work with the Michigan Business Connection, a CUSO, on the program.

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