MSUFCU Saves Members Nearly $12M in 2016
EAST LANSING, Mich. — MSU Federal Credit Union (MSUFCU) meets its members’ needs by providing affordable (low rate and low or no fee) loans. In 2016, the Credit Union saved members $11.87 million in interest on loans by refinancing high-rate loans its members had at other financial institutions.
Whether individuals are looking to buy their first cars or purchase their dream homes, the Credit Union is there to help make members’ dreams a reality — and offers an affordable way to do so. MSUFCU offers many loan options, including mortgage and home equity loans, Visa Credit Cards, auto loans, personal loans and lines of credit, and also offers financing options for business account holders. Since 2013, the Credit Union has helped save members $39.61 million in interest.
April Clobes, MSUFCU’s President and CEO, commented, “At MSU Federal Credit Union, our mission is to assist members in achieving their goals and dreams. We provide low-cost loans, which allow our members to reinvest money saved by refinancing with us back into our community, whether in the form of a dream vacation, braces for a child, a first car, or in any other manner.”
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, and their families worldwide, in addition to a variety of select employee groups. Founded in 1937 by MSU professors, MSUFCU has 17 branches, over 230,000 members, more than $3.41 billion in assets, and over 730 employees. In 2016, MSUFCU was recognized as the #1 Top Workplace in the large employer category by the Detroit Free Press, as well as one of Fortune’s 50 Best Workplaces for New College Grads. Also in 2016, MSUFCU was selected as one of West Michigan’s 101 Best and Brightest Companies to Work For, receiving the Michigan Business Professional Association’s top honor of Elite Overall – Best of the Best award. MSUFCU has a national reputation for excellence, and was recognized in 2016 as fifth in the nation for its financial education program by the National Youth Involvement Board.
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