“In 1962, the Credit Union opened a more permanent office in Auburn Hills. Four years later, Oakland University employees became eligible for membership.”— MSUFCU History
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MSUFCU Receives National Recognition

 
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Published: Sep 16, 2015

MSUFCU Receives National Recognition Named one of The Principal 10 Best Companies for Employee Financial Security

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EAST LANSING, MI — April Clobes, President and Chief Executive Officer (CEO) of MSU Federal Credit Union (MSUFCU), is pleased to announce that the Credit Union has been named as one of the 2015 winners of The Principal®10 Best Companies for Employee Financial Security.

 

Judges selected MSUFCU because of its commitment to employee financial security through outstanding employee benefits. The Credit Union will also be featured in the October issue of Inc. Magazine for this achievement.

 

“Companies like MSUFCU are role models and provide inspiration of other growing businesses that want to become an employer of choice,” said Luke Vandermillen, vice president at the Principal Financial Group®. “These companies stand out not only for their commitment to their employees but also for their innovation in creating a workplace culture that fosters total employee financial security.”

 

Clobes commented, “We’re proud to receive this award, as it validates the measures we have taken to provide our employees with the best resources possible to achieve financial security, their goals, and ultimately, their dreams.”

 

The Principal® sponsors the national program, which is now in its 14th year. It honors growing companies (five-1,000 employees) for their commitment to their employees’ financial security. Along with the award recognition, The Principal® awards a donation to charity selected by each winning company. MSUFCU chose the Lansing Symphony Orchestra to receive the $2,500 donation. Learn more about The Principal® 10 Best Companies for Employee Financial Security at www.principal.com/10best.

 

The Principal Financial Group(The Principal®)[1] is a global investment management leader offering retirement services, insurance solutions and asset management. The Principal® offers businesses, individuals and institutional clients a wide range of financial products and services, including retirement, asset management and insurance through its diverse family of financial services companies. Founded in 1879 and a member of the FORTUNE 500®, the Principal Financial Group has $539.9 billion in assets under management[1] and serves some 20.1 million customers worldwide from offices in Asia, Australia, Europe, Latin America, and the United States. Principal Financial Group, Inc. is traded on the New York Stock Exchange under the ticker symbol PFG. For more information, visit www.principal.com.

 

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 has 15 branches, over 205,000 members, more than $2.9 billion in assets, and over 640 employees. MSUFCU was named 2014 Credit Union of the Year by the National Association of Federal Credit Unions (NAFCU) and the #1 employer in the large-employer category in the 2014 Top Workplaces list by the Detroit Free Press.

 

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