“When Michigan State College became Michigan State University in 1955, it was recommended that the Credit Union’s name be changed to MSU Employees Credit Union.”— MSUFCU History

MSUFCU Announces Retirement of President/CEO, Patrick McPharlin

 
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Published: May 22, 2014

MSUFCU Announces Retirement of President/CEO, Patrick McPharlin

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.