As reports of skyrocketing bank fees once again flood the airwaves, a Michigan credit union has been named one of the top values in the country for online banking.
The “Family Finance” section of the Sept. 27 edition of the Chicago Tribune looks at “Fee-Friendly” options for online banking, and Lake Michigan CU is one of the top five picks in the nation. The article notes that anyone in the country can join the credit union by simply making a $5 donation to the West Michigan chapter of the ALS society and opening $5 checking account. It then goes on to spotlight the credit union’s Max Checking account which has no minimum balance and no monthly fees, and notes that the account pays members 3% per month.
MCUL & Affiliates CEO David Adams said the credit union’s innovative programs merit national recognition.
“This is a well-deserved honor for Lake Michigan CU’s products and services, particularly at a time when reports of soaring big bank fees are once again dominating news coverage of the industry,” Adams said. “We know that our Michigan credit unions offer the best value, rates and lowest fees around, and it is tremendously satisfying to see the national media taking note of that as well.”
LMCU is the only credit union named in the article, which also appears on the finance and money website Kiplingers.com.
This is not the first time Lake Michigan CU has been lauded on the national front for its product lineup. Earlier this year, CNNMoney.com included the credit union on its list of “checking accounts with the biggest payoffs,” and the personal finance website NerdWallet.com put the credit union on its Fall 2012 list of “best checking accounts and debit cards.”