Michigan

A Michigan appeals court has reversed an injunction in a fight between Michigan First Credit Union and the Detroit Pistons after a canceled sponsorship agreement.

Alleged ‘unsafe and unsound practices’ land Michigan-based CU under NCUA’s control.

Net income at Lansing Postal Community Credit Union has been on the decline and the CU has struggled due to the consolidation of postal services from Lansing to other parts of the state.

Scholarship programs for high schoolers and college students can also promote banking as a viable career option and serve as a channel for bringing in new business.

Both proposals aim to establish institutions that would be modeled after Bank of North Dakota, the nation's only public bank.

The Michigan company's earnings, excluding one-time items, increased meaningfully after it cut operating costs.

The Battle Creek, Mich.-based credit union has given rebate to members for 10 years, totaling $9.3 million.

The company is gaining heft in Michigan's Upper Peninsula with its $34 million purchase of First Federal of Northern Michigan.

Portland FCU will convert to a state charter as part of the merger, and all employees of both institutions are expected to be retained.

The payments company will pay $321 million for Crestmark Bank, a commercial lender that focuses on asset-based lending, equipment finance and government-guaranteed loans.