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MEDIA ADVISORY -First Community Federal Credit Union
DLEG, MICH. CREDIT UNIONS, ANNOUNCE MILLIONS IN BELOW MARKET EDUCATION LOANS FOR DISPLACED WORKERS

Agency: Licensing and Regulatory Affairs


Contacts:
Nancy Loftis, First Community Federal Credit Union
(269) 382-9845, ext. 142

Lori Z. Bahnmüller, Michigan Credit Union League
(734) 420-1530, ext. 423

Lori Donlan, Michigan Department of Labor and Economic Growth
(517) 373-9280

WHAT:            
Below market, unsecured education loans, related state assistance, to help displaced manufacturing workers with career transition.

WHO:
Department of Labor and Economic Growth (DLEG) Director Robert W. Swanson, Michigan Credit Union League President & CEO David Adams, First Community Federal Credit Union President & CEO Cheryl DeBoer.

WHEN:
11:30 a.m., Wednesday, Dec. 6, 2006

WHERE:
First Community Federal Credit Union, 550 S. Riverview Dr., Parchment

WHY: 
More than 170,000 manufacturing jobs have left Michigan since the beginning of the century.  Our economy has abruptly shifted, leaving many workers facing unemployment.  Many displaced 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.

RSVP:
Nancy Loftis, First Community Federal Credit Union, 269.382.9845, ext. 142 or by e-mail at nancyl@1stcomm.org.

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