MSU Federal Credit Union

Algonquin State Bank/MSUFCU Membership Opt-In

Algonquin State Bank has entered into an agreement to combine with Michigan State University Federal Credit Union ("MSUFCU"). We strongly believe that this business combination with MSUFCU will significantly benefit you, our employees, and the community. As you transition to becoming a member of MSUFCU, you will have access to innovative new products and services, while continuing to receive exceptional service from the same friendly faces who serve you today at Algonquin State Bank.

To become a member of MSUFCU and gain access to MSUFCU's products and services, please complete the below online membership opt-in action as soon as possible. By opting in, you also agree to MSUFCU making a $10 donation to the Desk Drawer Foundation on your behalf if necessary for you to become a member. The Desk Drawer Foundation supports the communities where MSUFCU operates.

If you have not opted in by September 1, 2024, you will not have access to the following products and services until you have opted in: opening a new account, loan, or safe deposit box; adding a joint party or new signer to an existing account; adding or removing account beneficiaries; making an advance of funds from an open line of credit; receiving a first-time debit card for an open checking account; purchasing a money order, cashier's check, or VISA gift card; receiving signature guarantee or notary public services; and redeeming a U.S. savings bond.

To become a member of MSUFCU you must also have a $5.00 membership share in a savings account. If you do not have a savings account with Algonquin State Bank, or if your savings account has a balance of less than $5.00 on the transaction closing date, MSUFCU will fund a new savings account for you with a $5.00 deposit to comply with MSUFCU's policies and applicable law. If this applies to you, MSUFCU will send an additional document for your review and signature after you submit your membership opt-in.

An opt-in election by any person (including individuals, sole proprietorships, partnerships, trusts and corporations) will apply to all deposit accounts with the same Tax Identification Number.

If you have questions about membership opt-in, please contact us at
1-312-270-0204 ext. 3133 or visit one of the following branch locations:
- 2400 Huntington Drive North, Algonquin, IL 60102
- 800 E. Algonquin Road, Algonquin, IL 60102

MSUFCU Membership Opt-In Consent Form

Required fields are marked with an asterisk (*).

First Name*

Last Name*

Business or Trust Name (if applicable)

Address*

City*

State*

Zip Code*

Control Number

This number is found at top of the opt-in letter mailed to you. If you do not have your Control Number, we may call you to complete the membership opt-in process.

Primary Phone*

By submitting this form, I consent to become a member of Michigan State University Federal Credit Union ("MSUFCU") upon the completion of the transaction between Algonquin State Bank and MSUFCU. I understand that no additional action is required by me to become a member and my accounts will only be converted to accounts with MSUFCU if the transaction between Algonquin State Bank and MSUFCU is completed. If this transaction is not completed, this form will have no effect and will be null and void. I also understand that I am free to move my accounts to another financial institution whenever I choose.

Membership Opt-In*

I opt in to membership with MSUFCU