FOR IMMEDIATE RELEASE                

Genisys Credit Union increases Genius High Yield Checking rate to 6.75%

     Auburn Hills, MI. - June 04, 2024 - Members of Genisys Credit Union are receiving a rate increase on their Genius High Yield Checking Account. In an effort to give back even more to their members, the credit union is increasing the account’s annual percentage yield (APY) from 5.25% to 6.75% as of June 01, 2024.                  

“With inflation impacting everyone’s budget, Genisys is fortunate to be in a position where we can give back to our members. This rate increase is our way of saying thank you to our members for your continued trust and loyalty,” said Jackie Buchanan, President and CEO of Genisys Credit Union.                  

Genius Checking is a high-yield, personal checking account that pays cash dividends on account balances up to $7,500 and debit reward points on purchases. The account requirements are simple: no initial deposit or minimum balance requirement, enroll in e-statements, and use your Genisys Debit Mastercard® 10 times a month for purchases of $5 or more, excluding ATM transactions.                  

Since launching their Genius High Yield Checking account, the credit union has helped members earn more on their money. In

2023, they paid out millions in annual dividends and members redeemed 296 million debit reward points. Their Rewards Debit Mastercard®, allows members to enjoy items such as travel, merchandise, gift cards, and more using points. Genisys believes that financial health should be attainable for everyone; Genius Checking is a way for members to maximize their earnings while using their money on everyday needs. “We welcome everyone to join us and enjoy the benefits of Genius Checking,” said Buchanan.                

For additional information, visit: genisyscu.org/genius  

Contact: Theresa Doan 

Director, Social Responsibility

Phone: 248.835.8674

E-mail: tdoan@genisyscu.org

About Genisys Credit Union:         Genisys Credit Union is a not-for-profit, member-owned financial institution that has been committed to helping its members financially since 1936. Based out of Auburn Hills, MI, the credit union is the fourth largest in Michigan with over 271,000 members and 32 branch locations. With a highly competitive suite of products such as High Yield Genius Checking and Youth Savings Account as well as loans for small to mid-sized businesses, Genisys specializes in providing consumer and business financial solutions through its branches, a multi-channel contact center, and a variety of mobile and online banking services. Genisys has consistently received the highest 5-star Bauer Financial Rating for safety and soundness along with receiving recognition from S&P Global Market Intelligence as a nationwide Top 10 Performing Credit Union. They are also proud to be committed to their communities by annually volunteering over 5,000 hours and partnering on over 1,000 community events. Connect with Genisys on Facebook, Twitter, Instagram, and TikTok by following @genisyscu. For more information visit www.genisyscu.org