Commercial Loans: The battle between credit unions and banks heats up

A new front has opened in the long-standing war between banks and credit unions: commercial lending. An improving economy and booming demand for financing by businesses has attracted credit unions nationwide into commercial lending, a sector where banks have long dominated. Traverse City credit unions led the...

Development Minervini-Style

Ray Minervini Sr. heads the Minervini Group, a family-run development company that has spent the past 14 years turning the former Traverse City State Hospital property into a mixed-use community that features shops, restaurants, offices, residences and more than 400 acres of preserved parkland. Minervini, 74,...

Nurse To NW Michigan, STAT

Nursing shortages have been a national concern for years. But the problem is becoming acute for hospitals and other health care facilities in northwest Michigan. “They’re just drowning in openings,” said Mary Robinson, the regional nursing programs coordinator at Grand Valley State University’s Kirkhof College of...

From $18 In The Back Of A Dealership

Dr. Rick Nielsen used to be a big-city guy. The Midland native graduated with a bachelor’s degree in biochemistry from Michigan State University, worked for the Food and Drug Administration and the National Institutes of Health in Washington, D.C., earned his medical degree from Northwestern University...

Who’s Afraid of the Driverless Car?

  Local insurance agency executives say it’s a matter of when, not if, driverless cars will begin appearing on the nation’s highways. And when they do, the $200 billion-a-year auto insurance premium market will be turned upside down. “If you’re getting rid of the driver, it could...

Creating the ‘Ferrari of Grills’

After returning from living overseas in early 1970s, Charles Eisendrath went looking for a serious outdoor grill he could cook on at his vacation home near East Jordan, a farmhouse estate that had been in his family since the 1880s. He quickly became disappointed with what...

Credit Union Mergers on the Rise

Members Credit Union in Traverse City and Bay Winds Federal Credit Union in Charlevoix were itching to expand. Members Credit Union was eyeing new business in the Petoskey area while Bay Winds wanted a presence in the booming Grand Traverse region. Each was allowed to march...