No Flood of New Money: Deposits flat at TC banks

Rising interest rates have been a boon to savers, who have seen little return on their savings accounts and certificates of deposits at banks and other financial institutions in recent years. “Rates were so low, you almost expected some banks to charge people to keep their...

Local Utilities Shun Coal, Promote Renewable Energy

Coal has become a dirty word to the four electric utilities that serve the pristine Grand Traverse region. Traverse City Light & Power, Cherryland Electric Cooperative, Great Lakes Energy Cooperative and Consumers Energy all are touting plans to reduce or eliminate their dependence on fossil fuel...

Boyne Goes Big: Revised debt structure enables reacquisitions, upgrades

[caption id="attachment_15883" align="alignleft" width="300"] Big Sky Resort, Big Sky, Montana[/caption] It started with a one dollar bill and a young man's dream to own a ski hill. Boyne Resorts, North America's third-largest mountain resort company, was founded when 30-year-old Everett Kircher bought 40 acres of barren property...

Credit Unions Look to Serve Marijuana Businesses

This isn't your father's credit union. Credit unions, long known for loans to everyday Joes, are looking into a controversial new market: the cannabis industry. Since the state began licensing dispensaries, interest in marijuana-related businesses in Michigan is rising. This could allow credit unions and other financial institutions...

Boating Registrations Swell in Region

Boat registrations in Michigan have fallen 10 percent since peaking in 2003, but the five-county Grand Traverse region is bucking the trend. That’s not a surprise to Rick Venner, general manager of Harbor Springs-based Walstrom Marine’s Traverse City showroom, which sells new and used boats ranging...