The $808 million Credit Union ONE and the Consulate of Mexico in Detroit said they have signed an agreement to provide financial literacy education to the Hispanic community centered in the Motor City’s southwest side.
Based in suburban Ferndale, the 106,000-member Credit Union ONE said it is one of the few credit unions that accept the Matricula Counsular de Mexico card for account opening and that the partnership formalizes an ongoing collaboration between the credit union and the local Hispanic community.
“Mexican citizens who have strong family ties to the community regularly move between the U.S. and Mexico to follow work,” said Gary Moody, president/CEO of Credit Union ONE.
“It is critical they understand how to establish account relationships to make deposits, save, budget, and in many cases move funds to relatives in Mexico,” Moody said. “This is about providing resources to this community so that they can make safe, secure, and low cost financial choices that will best serve their needs,”
Credit Union ONE said it now has 18 offices in Michigan – in metro Detroit, Grand Rapids and Traverse City.