The $1.1 billion Michigan Schools and Government Credit Unionsaid it is opening up its nine locations on Bank Transfer Day toaccommodate bank customers who want to make the switch.
|The branches in Macomb and Oakland counties in suburban Detroitwill be open from 9 a.m. to 1 p.m. on Saturday, Nov. 5, and new checking accounts will receivematching deposits of up to $25, the credit union said.
|“Members will also proudly display their name on a wallalongside of others that have walked away from their bank,” the66,000-member institution said.
|“BankTransfer Day is an opportunity for people to start setting itright by taking back control of their own money,” said MichiganSchools and Government Credit Union President and CEO Peter Gates.“We're hoping that this day allows people to discover that creditunions are a better alternative to profit-driven banks.”
|Gates added, “People are tired of fees. Times are tough enoughand people should not have to pay unfair banking fees that can costan upwards of $25 a month at some big banks just to access theirmoney.”
|Clinton Township-based Michigan Schools and Government CU said it also offers a“convenient switch kit for download that can help individualstransition their accounts from a bank to the credit union.”
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