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Saginaw, Bay City Credit Unions, and State of Michigan to Announce Below-Market Education Loans for Displaced Workers

Contact:  Lori Donlan 517-373-9280
Agency: Licensing and Regulatory Affairs


WHAT: More than $40 million statewide in below-market, unsecured education loans and $1.7 million in related state assistance to help displaced manufacturing workers with career transition.

WHO: Robert W. Swanson, Director, Department of Labor & Economic Growth (DLEG) Patrick LaPine, Vice President, Michigan Credit Union League Jim Dahl, President and Chief Executive Officer, Communications Family Credit Union Dave Cibulka, President and Chief Executive Officer, United Financial Credit Union Sue Montesi, Dean, and Interim Vice President, Student Educational Services, Delta College Patricia Graves, Director, Sponsored Programs, Delta College Ed Oberski, Director, Saginaw-Midland-Bay Michigan Works! Mike Hansen, President, Michigan Community College Association

WHEN: 1 p.m. Thursday, October 26, 2006 WHERE: Delta College, Boardroom B-151, B Wing (Administration Wing; southwest corner of campus)

WHY: Many displaced manufacturing workers will need new skills to qualify for emerging job opportunities. Credit unions, with the State of Michigan, are ideally situated to respond to this demand with affordable financing and assistance.

QUESTIONS: Contact DLEG Media Office at 517-373-9280


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