Displaying items tagged: Lake Michigan Credit Union
LMCU unionization effort spreads to Florida branch
The union that successfully organized staff at a Lake Michigan Credit Union branch near Grand Rapids has filed for another election to represent staff at an office in Florida.
LMCU branch workers near Grand Rapids vote to unionize
WYOMING — Workers at Lake Michigan Credit Union’s South Division Avenue branch near Grand Rapids have voted to unionize.
Cannabis banking exec expects Michigan prices to continue falling, more M&A in 2023
Prices in Michigan’s cannabis industry plummeted in 2022, leading to some closures and layoffs, and could fall even further in 2023 as more players enter the business.
GR branch workers at largest Michigan credit union seek to unionize
GRAND RAPIDS — Staff at Lake Michigan Credit Union’s South Division branch in Grand Rapids are seeking a vote for union representation.
Credit unions evolve to get competitive on commercial lending
When he began leading commercial lending at Lake Michigan Credit Union in 2011, Jim Maskell occasionally found surprise among prospective clients.
WHAT’S IN A NAME? Little known outside of Grand Rapids, Acrisure builds brand awareness with sports naming rights, sponsorship deals
When an unknown fintech firm from Grand Rapids supplanted a hometown company in purchasing the naming rights for the home stadium of the NFL’s Pittsburgh Steelers, it kicked off a wave of miffed reactions from fans and commentators alike.
Lake Michigan Credit Union to unify brand under ‘LMCU’ amid growth in Michigan, Florida
GRAND RAPIDS — Lake Michigan Credit Union has launched a rebranding to create a common brand identity in Michigan and Florida using just its initials.
MiBiz Growth Report: January 3, 2022
Here's the MiBiz growth report for January 3, 2022.
MiBiz Growth Report: June 20, 2021
Here's the MiBiz Growth Report for June 20, 2021.
Lake Michigan Credit Union continues Florida expansion with planned acquisition
Lake Michigan Credit Union will gain a larger presence along Florida’s Gulf Coast with the acquisition of a community bank.
MiBiz Growth Report: June 6, 2021
Here is the MiBiz Growth Report for June 6, 2021.
Whitecaps to start selling limited number of home game tickets
COMSTOCK PARK — The West Michigan Whitecaps announced plans for public ticket sales as the organization prepares for the return of minor league baseball for the first time in more than 620 days.
Whitecaps announce new partnership with Lake Michigan Credit Union; home field renamed LMCU Ballpark
COMSTOCK PARK — West Michigan’s largest outdoor entertainment venue is changing names following a new partnership announced today.
MiBiz Growth Report: December 6, 2020
Here's the MiBiz Growth Report for December 6, 2020.
West Mich. Sports Commission manages through cancellations, lost visitor spending
GRAND RAPIDS — The West Michigan Sports Commission took measures to create a safer work environment at its office, which was newly opened in November of last year before the springtime COVID-19 pandemic sent staff home to work remotely.
Indiana credit union eyes additional Michigan expansion after New Buffalo deal
NEW BUFFALO — The largest credit union in Indiana looks to further expand in the Michigan market after acquiring the parent company of New Buffalo Savings Bank.
Commercial lenders discuss effects of pandemic on West Michigan businesses, banking industry
Bankers across the region have been focused on working with small business clients to secure loans from the federal Paycheck Protection Program, as well providing payment deferrals and adjusting loans for business borrowers hit hard by the COVID-19 pandemic.
Acrisure considers Cascade Township site for new HQ
A proposed headquarters project in Cascade Charter Township could become the home for Acrisure LLC, a Caledonia-based insurance brokerage that’s been growing rapidly through an ambitious M&A strategy.
MiBiz Growth Report: June 11, 2018
Here is the MiBiz Growth Report for June 11, 2018:
2018 Outlook: Sandra Jelinski, Lake Michigan Credit Union
2017 was a busy year for Grand Rapids-based Lake Michigan Credit Union with the opening of new branches and mortgage offices, insurance agency acquisitions, and the pending deal for Encore Bank in Naples, Fla. Michigan’s largest credit union, LMCU has 42 branch locations, three of them in Florida, and total assets of $5.1 billion as of Sept. 30, up more than 9 percent from a year earlier. President and CEO Sandra Jelinski expects more growth in 2018 as the economy remains in good shape.
A ‘healthy’ market: Brokers reflect on West Michigan commercial real estate deals in 2017
While inventory remains constrained, the value of commercial real estate transactions continues to gather momentum in West Michigan.
Fifth Third seeks opportunities in consolidating insurance market
GRAND RAPIDS — As consolidation among independent insurance brokers accelerates across the country, Fifth Third Bancorp Inc. is pushing deeper into the industry through acquisitions.
MiBiz Growth Report: Oct. 30, 2017
Here is the MiBiz Growth Report for Oct. 30, 2017:
• M&A: Stryker Corp. acquired a majority interest in French medical device company Vexim SA and plans to make a tender offer to buy out its remaining shareholders. The Kalamazoo-based Stryker (NYSE: SYK) acquired 50.7 percent of shares and 50.3 percent of voting rights to Vexim, based in Balma, near Toulouse, France. Stryker paid 20 euros per share to funds managed by Truffle Capital, Bpifrance and Kreaxi, as well as Vexim managers. Vexim said the acquisition of the majority stake by Stryker has an equity value of 183 million euros, which equates to about $216 million. Vexim specializes in devices for minimally invasive procedures to treat traumatic spinal pathologies.
Lake Michigan Insurance Agency acquires Muskegon Insurance Agency
Lake Michigan Insurance Agency, a division of Grand Rapids-based Lake Michigan Credit Union, has acquired the 110-year-old Muskegon Insurance Agency.
Lake Michigan Credit Union to acquire Florida-based community bank
Lake Michigan Credit Union plans to grow its Florida presence with a deal to buy a community bank.
Commercial lending volumes rise as borrowers reach capacity
Among the commercial and industrial borrowers at Lake Michigan Credit Union, about one-third are expanding or buying new equipment that’s needed to grow their businesses.
Credit union acquisitions of community banks expected to accelerate
Two pending deals where West Michigan-based credit unions are buying small community banks follow an emerging trend nationally.
Credit unions continue growth streak in Michigan
GRAND RAPIDS — Michigan State University Federal Credit Union’s plan for a downtown office brings another player into the market as Michigan credit unions enjoy a period of strong growth.
Lake Michigan Insurance Agency seeks acquisitions to grow statewide presence
GRAND RAPIDS — Two acquisitions to start 2017 give Lake Michigan Insurance Agency a wider presence across the state to drive growth and pursue further deals in an era of industry consolidation.
MiBiz Growth Report: Jan. 23, 2017
Here is the MiBiz Growth Report for Jan. 23, 2017.
• M&A: Bryan Betten and Chris Baker, two veteran West Michigan dealership executives, have acquired Grand Chrysler Dodge Jeep Ram in Lowell from former owner Harvey Koning. Betten-Baker is in the process of acquiring the remaining Grand Auto Family Services Inc. dealerships owned by Koning, which include facilities in Grandville, Allegan and Lowell, said Pete Ricards, division director at Betten-Baker. The company also is acquiring a Big Rapids-based GMC dealership from Gary Trimarco Automotive group, but is waiting on manufacturer approval from General Motors to complete both deals.