Archive for August, 2011

MCAN’s Goal to Increase Secondary Education in Michigan

Aug 12
by Lori Anderson

The Michigan College Access Network (MCAN) has one goal: to increase the amount of Michigan residents with high-quality degrees and credentials from 34% to 60% by the year 2025.

MCAN wants to help Michigan become a vibrant economy with strong communities.  Their mission is to increase the college participation and completion rate in Michigan, particularly among low-income and/or first generation college students of all ages.

How do they plan to do this? MCAN serves community-based and campus-based college access organizations through advocacy/leadership, professional development, program development, technical assistance, and sustainability support.

Organizations such as school districts, institutions of higher education, youth-serving nonprofit organizations, government agencies, corporations, and foundations, may join MCAN and receive member benefits. Contact MCAN to find out how you can become a member or get involved!

To learn more about MCAN and their mission, visit their website or check them out on Facebook.

See what MCAN is doing in your community!

Credit Unions Online: Gen Y Guide

Aug 3
by Blake Woods

Credit Unions Online posted a very helpful guide aimed at Gen Y savers and investors on the values of a Credit Union. I think working in this industry, we sometimes are guilty of assuming everyone knows the basic definition and structure of a Credit Union.  The article does a great job of explaining the structure and benefits of being a Credit Union member – and therefore – owner.

I've gathered some of the key points of the article below.  Or you can read the article in its entirety here.

  • A credit union is a member-owned financial co-operative created and operated by its members, and profits are shared amongst the owners. As soon as you deposit funds into a credit union account, you become a partial owner and participate in the union's profitability.
  • Since credit unions are owned by their members, they reap the financial rewards that result from not having to pay shareholders. These rewards come in the form of better rates on loans, higher yields on savings, and lower fees on transactions.
  • A Credit Union not only offers affordable, easily accessible financial products and services for Gen Y, they also offer educational resources for youth as young as 2 or 3 years of age. (Lake Trust Offers Student Checkingand Youth Savings).
  • Many Credit Unions Provide financial education to youth and young adult members through NEFE.
  • To find a credit union near you, use our Credit Union Locator and become a credit union member today!
I hope that helps give a general idea of why Credit Unions offer Gen Y a great alternative to the big banks.
Related article
5 Reasons to Switch to A Credit Union (blogher.com)
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