Expressing concern over a call for a foreclosure moratorium and a state-run bank, the Michigan Credit Union League is jumping into the race for governor with an endorsement for the GOP candidate, Rick Snyder.
In a statement, the league said that after meeting with Snyder and his Democratic challenger, Lansing Mayor Virgil Bernero, it supports Snyder. The league expressed alarm over Bernero's proposals for a statewide halt to foreclosures which would have "a chilling effect on credit unions" and their ability to lend.
Bernero's call to pull Michigan's investments out of Wall Street banks and open a new state-run Main Street Bank would also be harmful, the MCUL said.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
