The University of Michigan and TCF Financial Corporation announced that TCF National Bank has been designated as the official financial service provider to the Mcard campus card program at the University of Michigan.
“This is a tremendous honor for us and a great business opportunity with over 64,000 prospective customers. TCF was chosen because of our deep experience in campus card programs across the country, our unique product line that features Totally Free Checking, and convenient distribution in the Ann Arbor area,” commented Thomas Wagner, President of TCF National Bank, Michigan, which has 13 offices in the Ann Arbor area. TCF National Bank sponsors similar campus card programs at the University of Minnesota, Northern Illinois University, St. Cloud State University in Minnesota, and Saginaw Valley State University in Michigan.
“TCF Bank was an ideal fit for the University,” said Tim Slottow, Associate Vice President, Business and Finance for the University of Michigan. “The TCF team aggressively pursued our relationship, demonstrated a high degree of expertise in campus programs and developed a customized product and service mix that should benefit all members of the University community.”
The Mcard is the University of Michigan’s single campus card program that combines many features including identification, library privileges, building access, meal plans, and banking services. Each student, faculty member, staff member, and other members of the University community are eligible to receive an Mcard. Additionally, staff and faculty members will qualify for discounts on loans, bonus rates on Certificates of Deposit and other free services. Upon their first account deposit, students will receive a free Michigan(R) sweatshirt.
TCF is a Minnesota-based national financial holding company with $11.8 billion in assets. TCF has more than 350 banking offices in Minnesota, Illinois, Michigan, Wisconsin, Colorado and Indiana. Other TCF affiliates provide leasing, mortgage banking, and investments and insurance sales.Details