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Michigan Credit Unions Set to Cash Mob Local Businesses

POSTER: Dozens of credit unions have teamed up to show their support for their communities in a day-long cash mob to benefit local businesses. Photo courtesy of United Educational Credit Union.
POSTER: Dozens of credit unions have teamed up to show their support for their communities in a day-long cash mob to benefit local businesses. Photo courtesy of United Educational Credit Union.
October 14, 2013

LANSING, Mich. - Credit unions across Michigan will serve up a heaping helping of local love Tuesday as they once again "cash mob" local businesses. As part of the second annual CU Lunch Local event, participating credit unions have made a commitment to buy local on October 15, with many bringing in food for staff and members from local eateries.

Battle Creek-based United Educational Credit Union will give its members coupons for half-off a meal at a local restaurant, as well as drawings for gift cards at local businesses. According to United Educational CEO Fran Godfrey, CU Lunch Local is simply an extension of the credit union philosophy of giving back to the communities in which they are rooted.

"They're helping people to take another step up, to help them gain more in their businesses so that they can put back into the community," she said.

More than 60 credit unions from every corner of the state have signed up to participate in this year's CU Lunch Local.

Godfrey stated that, because credit unions are local, not-for-profit financial cooperatives which are owned by their members, this one-day event highlights what credit unions do year-round.

"Their money is going out into the communities that they serve; what we want to do is help the communities and the local business owners."

CU Lunch Local was begun in Michigan in 2012 with 51 participating credit unions. This year, credit unions in Louisiana and Ohio will also take part.

More information on CU Lunch Local is at Facebook.com.

Mona Shand, Public News Service - MI