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CU System
Mich. congressman CUs play major role in recovery
FERNDALE, Mich. (1/19/10)--Credit unions are playing a major role in the U.S. economic recovery, U.S. Rep. Gary Peters (D-Mich.) said at Credit Union ONE’s grand opening Tuesday of its 19th branch, in West Bloomfield Township, Mich.
Click to view larger imageAttending Credit Union ONE’s grand opening Tuesday of its 19th branch, West Bloomfield Township, Mich., were, from left: Teri Weingarden, West Bloomfield Township treasurer; Geoff Daniels, Credit Union ONE West Bloomfield branch manager; Allan Sefton, Greater West Bloomfield Chamber of Commerce president; Gary Moody, Credit Union ONE president/CEO; U.S. Rep. Gary Peters (D-Mich.); Michele Economou Ureste, West Bloomfield Township supervisor; and Jan Gillespie, Credit Union ONE director. (Photo provided by Credit Union ONE)
“Not only will this new Credit Union ONE create jobs, but all credit unions must play a critical role in Michigan’s economic recovery,” said Peters. “Even while big banks return to health, I continue to hear from small business owners across Michigan who want to grow and add jobs but cannot because they still do not have access to credit at reasonable terms. “I believe this is now the biggest obstacle to creating jobs in Michigan,” he added. “Smaller institutions like credit unions must play a major role in restoring liquidity to credit markets and getting our economy moving. That’s why I’m a supporter of credit unions and other lenders that are based here in our communities.” The $760.4 million asset, Ferndale, Mich.-based credit union’s new branch will offer products and services, with the help of three member service consultants, and a ONE’s Financial Services financial planner. The new 3,100 square-foot branch was designed to provide members with access to banking services in an open and inviting environment. Members also can go to a drive-through ATM available 24 hours a day and drive-through services during normal operating hours. Attending the grand opening ceremony were Peters, Oakland County Supervisor Shelly Goodman Taub, and West Bloomfield Township Supervisor Michelle Economou Ureste. “Opening a branch in these uncertain economic times is a testament to our commitment and to our mission of serving our members as well as the trust, confidence and faith our members have in Credit Union ONE,” President/CEO Gary Moody said.
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