Page 5 - Contact Magazine: 2nd Quarter, 2016

FROM THE DESK OF…

MCUL & Affiliates President/CEO
David Adams

We’ve talked a lot in the last year about the “Road to Reinvention” community, working with the city and other local partners
and the importance of disruptive innovation. With the Annual to renovate and repair blighted houses, and helping return
Convention and Exposition (AC&E) coming to Detroit June 9–11, General Motors to the forefront of the American auto industry
it’s time for the rubber to meet the road. through credit unions’ widespread participation in the Love My
Credit Union Rewards GM Member Discount Program.
The business model hasn’t changed and we remain focused on
This issue of Contact is filled with stories that highlight the
serving our communities, but it’s vital that credit unions continue important role that our institutions play in Detroit, along with a
look inside this year’s AC&E. Inside, you’ll find interviews with
to rethink the way they do must-see speakers from this year’s annual convention, a brief
history of credit unions in Detroit, a look at how credit unions
Credit unions have been business. Want proof? are re-energizing the Motor City, a profile of a Detroit-based
As one of the AC&E speak- CEO and much more.
serving the financial ers states in this issue of
needs of Detroiters Contact, Millennials now Most of all, this issue of Contact is just a glimpse of the incred-
ible lineup of programming we’ve got planned for this year’s
for generations. make up more than 25 AC&E. I look forward to seeing you in Detroit.

percent of the U.S. popula- Best,

tion, and credit unions hoping to capture that market can’t just rely Dave

on the old ways of doing business.

We’re excited that this year’s AC&E is being held once again in
Detroit—a city that continues to reinvent itself. Obviously, the
Motor City plays a major role as the face of Michigan’s manufac-
turing sector and home to so many major sports franchises, but
it’s also a hub for credit unions in our state. Whether they’re
larger institutions that serve the entire community or one of our
many smaller SEG-based credit unions, our industry has been
serving the financial needs of Detroiters for generations—and
we’re not about to stop now.

Detroit’s comeback has been one of Michigan’s biggest news
stories in recent years, with new developments taking place
throughout the city, the renovation of homes and businesses,
and residents returning to a revitalized city. MCUL is proud of
the role that credit unions have played in that process, such
as providing member business loans that create jobs in the

Second Quarter 2016 I Contact 5