In brief



Nationally recognized speaker Eric Rowles to lead ‘Disruptive Innovation’ workshop

GENESEE COUNTY – The Flint & Genesee Chamber of Commerce invites area professionals and employers to a high-energy workshop covering disruptive innovation. The session led by Eric Rowles, a nationally recognized speaker, will focus on what it takes to achieve radical transformation in the workplace. Rowles has conducted similar presentations for major companies and organizations including Starbucks, Habitat for Humanity and Wells Fargo. Formerly, a professional DJ. Rowles implements music into each of his sessions. He has worked with artists including Gwen Stefani, The Notorious B.I.G. and Billy Joel. The training session will be held from 9 a.m. to noon on October 10 at Durant-Dort Factory One, at 303 W. Water St., in Flint. Admission is $25 for the general public and $15 for Chamber members. A light breakfast will be provided. To register, visit www.flintandgenesee.org or call (810) 600-1404. – R.S.

Michigan credit unions continue historic growth in Q2 2017

LANSING — Second-quarter 2017 data from the National Credit Union Administration (NCUA) shows that Michigan credit union growth rates in assets, loans, surplus funds and savings were above the national average, while delinquencies fell below the national average. This has led to strong earnings that are also well above national averages.

Fueled by high consumer confidence and spending, business investments, low unemployment and stable inflation, the U.S. economy expanded 3.0 percent in the second quarter of 2017, and is now on track for annual GDP growth of 2.1 percent for 2017. These strong economic fundamentals benefit credit unions and their member-owners, both in Michigan and nationwide, which are experiencing some of the fastest membership and loan growth in decades.

Michigan credit unions recorded a 3.1 percent 12-month increase in total members through June 2017 — slightly lower than last year’s rate of 3.6 percent, but faster than any other year in the past three decades. Michigan credit unions now report 5.1 million memberships, or just over half (51.5 percent) of the state’s population. Total loans at Michigan credit unions grew 11.0 percent in the year ending June 2017, slightly higher than the national average of 10.8 percent. This continues the fastest loan growth since 1994, when it was 15.9 percent. – R.S.


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