Corkery and Morgan join MBC board, CUSO hits new milestone!
ANN ARBOR, MI (January 4, 2024) — Michigan Business Connection (MBC) is excited to welcome two new board members. Patty Corkery, CEO of the Michigan Credit Union League and David Morgan, Chief Lending Officer at Lake Trust Credit Union.
Patty Corkery has served as President/CEO at the Michigan Credit Union League since 2018. Prior to joining the Michigan Credit Union Leage, Corkery was a Partner at Holzman Corkery for more than 18 years. Passionate about serving the credit union industry, Patty looks forward to serving on the MBC board. She received her bachelor’s degree from the University of Michigan and went on to receive her Juris Doctorate from Wayne State University as well as an MBA from Walsh College. “I am excited to be part of the MBC Board of Managers and look forward to helping support and form the strategic goals of this CUSO that does so much for our industry” noted Corkery.
David Morgan has served as Lake Trust’s Chief Lending Officer since October of 2023. Before holding this position, he recently held positions at Notre Dame Federal Credit Union and Talmer Bank. Morgan received his bachelor’s degree from Princeton University. David is excited to join the MBC board. “As a Community Development Financial Institution, Lake Trust Credit Union aligns strongly with Michigan Business Connection by expanding economic opportunity to our business community. During these economic challenges, our business members need our support and experience to lift one another, empower wellbeing and multiply positive impact in Michigan,” said Morgan.
MBC is extremely honored and proud to have Patty and David join the Board of Managers,” said Bill Bearsley President/CEO of MBC. “We look forward to the leadership and insight they both will bring to MBC. Under the board’s leadership, we are confident MBC will continue to deliver the tools, technologies, services, and support to position our credit unions for growth and success now and into the future.”
MBC is also very excited to share that they recently hit a new milestone, as of November 2023, the Michigan based business CUSO now manages a commercial lending portfolio of more than $1.5 billion dollars in loans in Michigan, maintaining its position as the largest single State focused MBL CUSO in the country.
About Michigan Business Connection LLC (MBC)
Since 2004, Michigan Business Connection (MBC) has supported the State of Michigan’s small and medium-sized businesses and real estate investors by underwriting and servicing commercial loans for financial institutions statewide. They primarily serve Michigan credit unions and their members. MBC is a credit union service organization (CUSO) leveraging a collaborative effort of more than two dozen affiliated credit unions. MBC now helps manage a portfolio of more than $1.5 billion in business loans for these financial institutions. Partnering with MBC enables Michigan credit unions to share the costs and spread commercial lending risks while providing critically needed capital for small business reinvestment throughout our state. To learn more please visit their website at, www.mbcloans.biz.