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Michigan State University Credit Union

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Michigan State University Federal Credit Union

MSU Federal Credit Union – 5/17/22
Michigan State University Federal Credit Union

April M. Clobes, President and Chief Executive Officer

Michigan State University Federal Credit Union , headquartered in East Lansing, Michigan, is the largest university-based credit union in the world and is federally chartered and regulated under the National Credit Union Administration . MSUFCU provides a variety of financial products and services including deposit accounts, personal and business loans, investments, and insurance, among others. MSUFCU is owned by its membership and overseen by a board of directors elected by said membership. As of year-end 2020, MSUFCU has 21 branches, over 300,000 members, more than $5.6 billion in assets, and nearly 900 employees.

Oakland University Credit Union

MSUFCU began its partnership with Oakland University in the late 1950s after Alfred and Matilda Wilson donated $2 million and their 1,500-acre estate to Michigan State University to start a new college in Oakland County. MSUFCU provided financial services to the university employees at that time and continued to serve the OU community after Oakland University became its own entity.

In January 2014, MSUFCU strengthened its partnership with OU by becoming the official credit union for the university under the trade-name of Oakland University Credit Union . To enhance the OU communitys experience with the Credit Union, a branch was opened in Oakland Universitys Oakland Center to serve OU students, faculty, staff, and community members on campus and campus ATMs were converted to OU Credit Union ATMs.

Michigan State University Credit Union In Michigan Routing Number Address Swift Codes

Michigan State University Credit Union Branches in MichiganVystar Credit UnionABA Routing Number: Routing numbers are also referred to as Check Routing Numbers, ABA Numbers, or Routing Transit Numbers . The ABA routing number is a 9-digit identification number assigned to financial institutions by The American Bankers Association . This number identifies the financial institution upon which a payment is drawn. Routing numbers may differ depending on where your account was opened and the type of transaction made. Each routing number is unique to a particular bank, large banks may have more than one routing number for different states.ACH Routing Number: ACH Routing Number stands for Automated Clearing House . This routing number is used for electronic financial transactions in the United States. ACH helps to improves payment processing efficiency and accuracy, and reduce expenses. Banks offer ACH services for businesses who want to collect funds and make payments electronically in batches through the national ACH network. ACH routing number is a nine digit number.The first four digits identify the Federal Reserve district where the bank is located. The next four numbers identify the specific bank. The last number is called as a check digit number which is a confirmation number. ACH Routing Numbers are used for direct deposit of payroll, dividends, annuities, monthly payments and collections, federal and state tax payments etc.

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Michigan State Federal Credit Union Savings Accounts

There are two basic savings accounts to choose from at Michigan State University Federal Credit Union.

Spartan Saver accounts pay 0.05% APY on any balance and there is a $5 minimum balance required to maintain the account.

Savings Builder accounts pay 0.95% APY on the first $999.99, 0.52% to 0.95% APY on the next $1,000 and 0.37% to 0.52% on amounts over $2,000.

Neither account has a monthly fee.

Field Of Membership Restrictions

MSU Federal Credit Union

Membership in Michigan State University Federal Credit Union is open to anyone through a $10 donation to the Desk Drawer Fund . Anyone who lives, works, worships, goes to school, or owns a business in Oakland, Genesee, Lapeer, Livingston, or Macomb Counties in Michigan is also eligible to join.Membership is also open to faculty, staff, or students of Michigan State University. Employees/members of more than 250 Select Employee Groups, including all State of Michigan employees, are also eligible to join.

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Msu Federal Credit Union Partners With Nymbus To Launch New Digital Brand Targeting University Alumni

JACKSONVILLE, FL April 12, 2022NYMBUS®, a leading provider of banking technology solutions, today announced Michigan State University Federal Credit Union has selected Nymbus to launch and grow its new standalone digital brand, AlumniFi.

As the 42nd biggest credit union in the United States and the largest University-based credit union in the world, MSUFCU has a national reputation for excellence that has led to its more than $6.7 billion in assets. With the goal of continued growth by engaging new segments of members, MSUFCU chose Nymbus to quickly open up this addressable market by helping deliver cutting-edge products and services tailored to meet the unique banking needs of MSU and other Michigan-based college and university alumni.

MSUFCU established our own Lab two years ago to drive innovation forward internally and explore new opportunities for growth. One of our long-time goals with this has been to stand up a subsidiary digital brand targeting MSU alumni, whose financial needs and habits match our digital offerings said MSUFCU President and CEO April Clobes. We have spoken and collaborated with hundreds of innovative fintechs and startups through our CUSO, the Reseda Group. The Nymbus approach was unlike any other we have seen. Were thrilled to have them bring our concept to life with the combined skilled services and transformational technology only Nymbus provides for launching a new digital brand quickly and effectively.

Other Factors To Consider

As with any credit union, you must be a member of MSUFCU in order to open an account. To be eligible to become a member, you must be a member of the Michigan State University community or one of the select employee or community groups that are eligible. Membership is also open to anyone who lives, works, worships, attends school, or owns a business in Oakland, Genesee, Lapeer, Livingston, or Macomb counties in Michigan. You are also eligible if you are a household or immediate family member of a current member.

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Michigan State University Federal Credit Union Locations

  • 4825 E Mount Hope Rd East Lansing
    1200 E Michigan Ave Ste 300 Lansing

Please Note: The National Credit Union Administration requires all Credit Unions Insured by the National Credit Union Share Insurance Fund to file quarterly data reports. The information above comes from those reports. The deposit and loan rates shown are not the current rates for the Credit Unions shown. Some of these rates change on a daily basis and you must visit each Credit Unions website to get their current rates. The sole purpose of showing this data is to show the relative relationship of each Credit Unions rates versus the average rates of all Credit Unions at both the state and national levels at a specific point in time, quarter end. The data above is from quarter end 6/30/2017.

Michigan State University Federal Credit Union Branch Locations

MSU Federal Credit Union – 3/25/22


A federal credit union is a cooperative financial institution chartered and regulated by the National Credit Union Association . Its deposits are insured by the NCUA rather than the FDIC.Federal credit unions generally have the word federal in its name. Additionally, credit unions with headquarters in Arkansas, Delaware, South Dakota, Wyoming or the District of Columbia, are federal credit unions.

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Michigan State University Federal Credit Union Checking Accounts

Michigan State University Federal Credit Union offers four checking accounts to choose from.

Totally Green Checking has no minimum balance or monthly fee. It includes e-statements paper statements are not available, free access to 30,000 ATMs nationwide, free bill payment, mobile and online banking, direct deposit and a Visa debit card.

Classic Checking offers many of the same features, like ATM access, mobile and online banking, free bill payment, direct deposit and a Visa debit card. Paper statements are available, and you can save the $5 monthly fee when you maintain a minimum balance of $500.

Money Market Checking pays interest on balances of $2,000 or more. Balances between $2,000 and $49,999.99 earn 0.05% APY, and balances of $50,000 or more earn 0.10% APY.

Rebuild Checking is for credit union members who need help to rebuild their financial position. Account holders get free check deposits and bill payment, and an ATM card for withdrawal access only. The monthly fee is $10.

Michigan State University Federal Credit Union offers free access to your credit score if you have a loan or checking account.

Michigan State University Federal Credit Union Certificates

Michigan State University Federal Credit Union offers certificates which are similar to bank certificates of deposit or CDs that pay varying rates of interest, depending on the term and the balance. A regular certificate has a minimum balance of $500, and a jumbo certificate has a minimum balance of $100,000. Current rates are:

Term Length
5-Year Jumbo 1.40%

The 1-Year Add-On Certificate lets you open the account with a minimum of $50 and add funds during the term. You can add up to $10,000 per year to add-on certificates.

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Michigan State University Federal Credit Union Faq

  • Is Michigan State University Federal Credit Union FDIC insured?
  • Like most credit unions, MSUFCU is insured by NCUA, the National Credit Union Administration. Deposits are federally insured up to at least $250,000 per depositor.
  • When was Michigan State University Federal Credit Union founded?
  • Michigan State University Federal Credit Union was founded in 1937.
  • How big is Michigan State University Federal Credit Union?
  • Michigan State University Federal Credit Union has $6.6 billion in assets and 320,000 members.
  • Rates are subject to change unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Jan. 14, 2022.

    Editorial Note: This content is not provided by Michigan State University Federal Credit Union. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by Michigan State University Federal Credit Union .

    Providing Seamless Experiences For Exceptional Service And Convenience

    Visa Developer

    We have incorporated multiple APIs to help our programs communicate with our vendors programs, which has proven crucial to providing a seamless and enhanced experience for our members. Leveraging the Visa API helped us position exceptional member service and convenience amidst leading-edge technology.Samantha Amburgey, Chief Information Officer

    Remarkable interest in new services for members

    1,072 cards* enrolled in Mobile Location Confirmation

    1,145 cards* set up with card controls through Card Lock

    *As of January 2018

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    What Your Peers Are Saying: Michigan State University Federal Credit Union

    Ronda McCoy, Vice President of Lending Michigan State University Federal Credit Union

    Describe Your Role and Responsibilities.

    I oversee all of the lending areas, so I am in charge of our business lending portfolio, indirect lending, mortgage lending, and then a quality assurance group which helps set the standards and makes sure were following the underwriting guidelines that are set for us. Im also responsible for policies, establishing underwriting guidelines and things like that.

    What are Some of Your Biggest Challenges?

    Right now our biggest challenges are loan growth, due to the lower interest rates. Weve seen quite a runoff on our mortgage lending and then some heavy competition with the auto makers in terms of auto financing and things like that. And plus with other banks, the things that theyre doing on the indirect lending side we just cant compete with by paying the astronomical dealer reserves that theyre paying and the low interest rates. We cant compete with that. So loan growth is a big challenge for us as well as the compliance issues that were facing with all the new regulations that are coming out.

    Which Experian Solutions Have You Implemented?

    How is Partnering With Experian? How do we Work With You, Your Teams?

    What do you Value Most About the Relationship?

    Michigan State University Federal Credit Union Reviews

    This Institution is a Joke! I used their atm to deposit money in and it literally takes the click of a button after getting the count back from Brinks for them to say they found the extra money! Instead they take their time and do it when they please. The atm ate $1000 of my money. I have bills to pay and this pandemic is making everything harder. The least they could have done was expediting the process. 5 business days later and Still no money! I actually have a membership with them as well. But either way I really dont like MSUFCU they really have given me bad experiences but I already let them run my credit so I only keep the account open for that!

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    Overview Of Michigan State University Federal Credit Union

    Michigan State University Federal Credit Union serves the Michigan State University community and surrounding counties. Members can access MSUFCU branches and TMS, or use shared branches and ATMs. The credit union offers checking, savings, and certificate accounts as well as home, vehicle, and personal loans credit cards and insurance. Michigan State University Federal Credit Union has been named one of GOBankingRates Top 100 Banks of 2022.

    Th And 21st Centuries

    MSU Federal Credit Union – 7/15/21

    Michigans economy underwent a transformation at the turn of the 20th century. Many individuals, including Ransom E. Olds, John and Horace Dodge, Henry Leland, David Dunbar Buick, Henry Joy, Charles King, and Henry Ford, provided the concentration of engineering know-how and technological enthusiasm to develop the automotive industry. Fords development of the moving assembly line in Highland Park marked a new era in transportation. Like the steamship and railroad, mass production of automobiles was a far-reaching development. More than the forms of public transportation, the affordable automobile transformed private life. Automobile production became the major industry of Detroit and Michigan, and permanently altered the socioeconomic life of the United States and much of the world.

    Grand Rapids, the second-largest city in Michigan, is also an important center of manufacturing. Since 1838, the city has been noted for its furniture industry. In the 21st century, it is home to five of the worlds leading office furniture companies. Grand Rapids is home to a number of major companies including Steelcase, Amway, and Meijer. Grand Rapids is also an important center for GE Aviation Systems.

    Michigan held its first United States presidential primary election in 1910. With its rapid growth in industry, it was an important center of industry-wide union organizing, such as the rise of the United Auto Workers.

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    Msu Federal Credit Union

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    Also Known as:, Michigan State University Federal Credit Union

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    State Symbols And Nicknames

    Michigan is traditionally known as The Wolverine State, and the University of Michigan takes the wolverine as its mascot. The association is well and long established: for example, many Detroiters volunteered to fight during the American Civil War and George Armstrong Custer, who led the Michigan Brigade, called them the Wolverines. The origins of this association are obscure it may derive from a busy trade in wolverine furs in Sault Ste. Marie in the 18th century or may recall a disparagement intended to compare early settlers in Michigan with the vicious mammal. Wolverines are, however, extremely rare in Michigan. A sighting in February 2004 near Ubly was the first confirmed sighting in Michigan in 200 years. The animal was found dead in 2010.

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    Michigan State University Federal Credit Union Opens New Branch In Sparrow Professional Building Creates Six Jobs

    MSUFCUs Sparrow Branch, located at 1200 E. Michigan Avenue in Lansing, opened January 16, 2013.

    EAST LANSING, MIMSU Federal Credit Unions new Sparrow Branch, located within the Sparrow Professional Building in Lansing, opened for business on Wednesday, January 16, 2013. The branch offers a full suite of financial services including ATM access, teller services, loans, mortgages, and checking and savings accounts.

    In September 2012, MSUFCU and six other financial institutions submitted proposals at the request of Sparrow Health System to be considered as the financial services provider within the Sparrow Professional Building. A committee of Sparrows management, union representatives, and Caregiver representatives selected MSUFCU and offered the credit union the opportunity to open a branch at the Sparrow Professional Building.

    Patrick McPharlin, MSUFCUs President and Chief Executive Officer, stated, MSUFCU was honored to be selected as the financial services provider at the Sparrow Professional Building because of our longstanding financial education and community programs and our proven commitment to providing exceptional member service and high-quality products.

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