Michigan State University Federal Credit Union

Michigan State University Federal Credit Union
Company typeCredit union
IndustryFinancial services
Founded1937
HeadquartersEast Lansing, Michigan, U.S.
Number of locations
24 (2023)
Key people
April M. Clobes (President and CEO)
ProductsSavings
checking
Consumer loans
Mortgages
Credit cards
Investments
Business accounts
Total assets$7.6+ billion USD (2023)
Number of employees
1,261 (2023)
Websitemsufcu.org

The Michigan State University Federal Credit Union (MSUFCU) is a credit union headquartered in East Lansing, Michigan. Primarily serving students and alumni of Michigan State University and Oakland University, MSUFCU is federally chartered and regulated by the National Credit Union Administration (NCUA). MSUFCU is the largest university-based credit union in the world, and the second-largest credit union in Michigan.[1][2][3]

MSUFCU provides a variety of financial services, including deposit accounts, personal and business loans, investments, and insurance. MSUFCU is owned by its members, which elect a board of directors to oversee its operations. As of November 2023, MSUFCU has 24 branches (all in Michigan), over 350,000 members, more than $7.6 billion in assets,[4] and nearly 1,300 employees.[5] It is a member of the CO-OP ATM network.[6]

  1. ^ Airgood, Bryce (2022-11-22). "How MSU Federal Credit Union started in an East Lansing college desk 85 years ago". Lansing State Journal. Gannett. Retrieved 2023-11-22.
  2. ^ Talley, Scott (2023-11-19). "'Meaningful' work on all levels defines Michigan State University Federal Credit Union". Detroit Free Press. Gannett. Retrieved 2023-11-22.
  3. ^ Dobbs, Jim (2023-11-15). "Michigan State University credit union extends buying spree". American Banker. Retrieved 2023-11-22.
  4. ^ "Credit Union Details: Michigan State University". National Credit Union Administration. Archived from the original on 2023-11-23. Retrieved 2023-11-22.
  5. ^ "Banks: Michigan State University Federal Credit Union". DepositAccounts. LendingTree. Retrieved 2023-11-22.
  6. ^ Tumin, Ken (2022-12-22). "Michigan State University Fed Credit Union 1-Year CD Is A Rate Leader". DepositAccounts. LendingTree. Archived from the original on 2023-01-27.