FERNDALE, Mich. – Credit Union ONE has begun to accept the Matricula Consular de Mexico card as a form of identification for Mexican nationals to establish membership at its southwest Detroit branch.
The Matricula card is primarily issued to Mexican citizens residing outside of Mexico.
Credit Union ONE has operated a branch in southwest Detroit for decades, and recently determined access to financial services for Mexican citizens living and working in the community was not being met due to challenges with obtaining appropriate identification.
“Changes to state laws and federal laws to combat terrorism and money laundering made opening an account impossible,” said Yvette Gonzalez, manager of the southwest Detroit branch. “Matricula offers us the ability to assure access to services while also being compliant with various laws.”
Credit Union ONE is among a small group of credit unions that accept the Matricula Consular de Mexico card as a form of acceptable identification to open an account and establish membership. The credit union said it has gained in popularity as an acceptable form of identification at other institutions around the country since the introduction of many enhanced security features.
The credit union said it hopes acceptance of Matricula and its partnership with the Federal Reserve funds transfer program known as Directo a Mexico will open up more opportunities for membership in the southwest Detroit area.