CMU renews contract with Independent Bank for campus banking

May 28, 2013

Independent Bank and Central Michigan University (CMU) today announce a five-year renewal of their campus-banking contract. Independent Bank and CMU began their partnership in June 2001.

Through Independent Bank and Money Network, CMU students can deposit financial aid refunds and payroll wages with their debit card.

Students, faculty and staff can access five on-campus ATMs or 50,000 Allpoint Network ATMs worldwide. They also can write checks against their debit cards.

“We are honored to continue our relationship with CMU by providing banking service to students, faculty and staff,” said Independent Bank’s Senior Vice President Michael J. Stodolak.

“Independent Bank is a trusted, student-focused partner,” said David Burdette, CMU’s Vice President of Finance and Administrative Services. “We’re serious at CMU about giving our students banking services that meet their needs, and Independent Bank shares that customer-focused philosophy.”

About 6,900 students — nearly one-third of the undergraduate population — have debit cards through Independent Bank’s partner. About 5,500 students have accounts through Independent Bank.

Independent Bank delivers personalized service through an on-campus branch at 103 E. Preston, on the second floor of the Bovee University Center. It also offers online and mobile banking.

Independent Bank, based in Ionia, has received numerous awards for its service, including Campus Life’s No. 1 Bank in Mount Pleasant award. It has more than 70 branches throughout the state.