NORTHVILLE TOWNSHIP, Mich. -
Michigan CU League CEO David Adams pointed to Comerica's statement that it needs to diversify its customer base and extend into high-growth areas, as well as a limited local talent pool, as the reasons for relocating. "This creates a stark contrast between big banks and not-for-profit credit unions," Adams said. "Michigan credit unions are headquartered here in Michigan and don't relocate outside the state to grow their profits. What's more, Michigan credit unions are locally-owned and locally-staffed. They put people-our state's consumers-before their bottom line. That's the credit union difference."
