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Stadium Drive Main Office
7040 Stadium Drive Kalamazoo, Michigan
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Phillip GreenApril 13, 2017
Overall, Consumers Credit Union is doing what banks have been and are today. Increasing their presence on every street corner in the community. This is a financial model that works for the BIG banks. However, I received a letter recently in the mail about an interest bearing checking account offered at Consumers CU. The percentage rate was around 0.25% on my checking account. At first glance I said, that can't be right. It appears that Consumers CU has reached the top of their business model in terms of their growth trajectory. The CU has become so focused on growth, they can't see the gravity (loss of accounts) of their growth. There ARE other Credit Unions within the community that are offering 3% interest bearing checking +1% interest bearing savings. Loyalty (trust) was severed by the BIG banks of the last decade. Don't let this happen to the credit unions.