MSUFCU is an active member in the MSU, Greater Lansing, and Oakland University communities. Select the links below to read about MSUFCU's recent community involvement and news stories.
All media requests should be directed to April Clobes, MSUFCU's Chief Operating Officer, via email or by calling 800-678-4968, ext. 2254.
EAST LANSING, MI — MSU Federal Credit Union is pleased to announce that it was named 2014 Federal Credit Union of the Year by the National Association of Federal Credit Unions (NAFCU) among credit unions with more than $250 million in assets. MSUFCU and other winners in NAFCU’s 2014 Annual Awards Competition will be honored in conjunction with NAFCU’s 47th Annual Conference and Solutions Expo in Las Vegas, July 22-26.
In the past year, MSUFCU has reached many milestones. From reaching $2.5 billion in assets, to saving members more than $7.7 million in interest, the year has been full of successes. MSUFCU also expanded a longtime partnership with Oakland University to establish Oakland University Credit Union, a registered trade name of MSUFCU, and merged with Eaton County Educational Credit Union (ECECU), gaining the MSUFCU Charlotte Branch this year.
On top of providing superior service to members throughout the year, MSUFCU employees also worked to make a difference in the community through financial education, charitable giving, and volunteering. MSUFCU hosted financial education seminars for more than 3,000 individuals, including members, students, and local youth, promoting financial wellness in the community. In the past year, Credit Union employees also supported local charities, including the Help A Willing Kid Foundation (H.A.W.K.), Capital Area United Way, and Relay for Life. Employees raised more than $110,000 in total through raffles, cookie sales, supply drives, and payroll deductions. In addition to fundraising activities, Credit Union employees also donated countless hours of their time, volunteering in a number of different ways throughout the year.
“In my 41 years with the Credit Union, the past year has been one of the best,” said Patrick McPharlin, MSUFCU’s President and Chief Executive Officer. “We have seen great changes and great accomplishments that led us to receiving this award, all of which would not have been possible without the support and loyalty of our employees and members.”
"This tremendous honor for MSUFCU comes as the MSUFCU board announces Pat McPharlin's retirement and the transfer of leadership to April Clobes. This well-deserved recognition for the credit union is a fitting tribute to Pat, April and the whole MSUFCU team,” Michigan Credit Union League & Affiliates CEO David Adams said.
MSU Federal Credit Union, the world’s largest university-based credit union, offers a full range of personal - and business-related financial services to Michigan State University and Oakland University faculty, staff, students, alumni association members, and their families worldwide in addition to a variety of select employee groups. Founded in 1937 by a few MSU professors and employees, MSUFCU now has thirteen branches, over 184,000 members, more than $2.6 billion in assets, and over 600 employees.
EAST LANSING, MI—Patrick McPharlin, President and Chief Executive Officer (CEO) of MSU Federal Credit Union (MSUFCU), announces his retirement from the Credit Union after 41 years of dedicated service and leadership. The board of directors have worked with Mr. McPharlin on a multi-year succession plan resulting in the selection of April Clobes, MSUFCU’s Executive Vice President/Chief Operating Officer, as his successor beginning in March 2015.
Mr. McPharlin joined the Credit Union in 1973 and has served as President/CEO for the past 14 years. During his leadership, MSUFCU has grown from $546 million to over $2.6 billion in assets, and from close to 97,000 members to over 183,000 members nationwide. The Credit Union has also been recognized as one of West Michigan’s 101 Best and Brightest Companies to Work For by the Michigan Business and Professional Association, and recently named the 2014 Federal Credit Union of the Year by the National Association of Federal Credit Unions (NAFCU). As a well respected leader within the community and industry, Mr. McPharlin serves on many boards and committees for various organizations in the Greater Lansing area and was honored as NAFCU’s CEO of the Year in 2010.
“Through his dedication to serving the members and our community, Pat has led the Credit Union to a stellar record of growth and success,” commented Dr. John R. Brick, MSUFCU’s Chairman of the Board. “We appreciate his leadership and development of an outstanding culture of service focused on making a difference in people’s lives. This is evidenced by the many regional and national awards the Credit Union has received.”
April Clobes has been with the Credit Union for 18 years and has led many areas within the Credit Union through various executive positions. Her vision and commitment to the Credit Union has allowed her to excel within the organization and achieve her current position of Executive Vice President/Chief Operating Officer. She is actively involved with many organizations focused on Michigan State University and the Greater Lansing community, and has been recognized as a leader within the credit union industry, being named a Top Woman to Watch in 2013 by the Credit Union Times—awarded to women who are reshaping the credit union industry throughout the country.
“April is an exemplary leader with a great passion for helping our members, employees, and community to be financially successful and achieve their goals and dreams. She has been integrally involved in virtually all aspects of Credit Union operations and has the full support of the board of directors,” stated Brick. “We are confident she will take the Credit Union to the next level.”
MSU Federal Credit Union, the world’s largest university-based credit union, offers a full range of personal- and business-related financial services to Michigan State University and Oakland University faculty, staff, students, alumni association members, and their families worldwide in addition to a variety of select employee groups. Founded in 1937 by a few MSU professors and employees, MSUFCU now has thirteen branches, over 183,000 members, more than $2.6 billion in assets, and over 600 employees.