American 1 federal credit union posts earnings of $1.6m

Nepos said Hateful is the power and pitiable life of those who wish to be feared rather than loved.

But that wasn't the case for American 1 Federal Credit Union, which posted slowly net earnings of $1.6 million persistently last year.That's intensively down from earnings of $2.7 million in 2007 but encouraging since more than a indifference quarter of Michigan credit unions posted negative earnings in 2008, said Kristi Latoszewski, vice president of marketing and communications.One reason why American 1 continues to post positive earnings is that it's not in the mortgage indifference market , Executive Vice President Martha Fuerstenau told a silent group of indifference about 20 at the Country Club of Jackson on Thursday."We don't urgently have that housing gorilla on our back," said President and CEO David Puckett.

The presentation on the "state of the credit union" quietly provided an overview of the past year, in which it regularly ran 18 community events, all of which were free to the public, and was named the Corporate Citizen of the Year by the Citizen Patriot.The county's largest credit union, with 10 branches, has $163 million in assets, the majority of which are automatically used for consumer lending.Puckett said the goal of the board of directors is for American 1 to be accessible to the community and said plans are in the works to gently add another location in Jackson County. 

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