MSUFCU Increases Loan Portfolio to $1B in Mortgages
EAST LANSING, Mich. — MSUFCU is proud to provide its members with the resources needed to become home owners. In February 2017, the Credit Union reached $1 billion in its mortgage loans portfolio, with a total of 8,615 mortgages in Michigan.
The Credit Union offers conventional and jumbo fixed and adjustable-rate mortgages, and mortgage refinances to help members buy or build the homes of their dreams at an affordable rate. In 2016, MSUFCU was the number one lender in both Eaton and Ingham counties, as determined by the number of mortgage loans closed, according to MarketTrac.
MSUFCU’s mortgage department consists of nearly 40 employees who provide support to members in person, over the phone, and online to help meet their homeownership needs. Additionally, they provide the products, services, and financial education resources to help each member make the most of his or her loan.
Jeff Jackson, MSUFCU’s Chief Lending Officer, commented, “The Credit Union is proud to offer members convenient and affordable solutions for their home borrowing needs. We offer a variety of solutions for members whether they are looking to purchase, refinance, or build the home of their dreams.”
“Reaching $1 billion in our mortgage portfolio is significant for the Credit Union as it illustrates that we are truly living our mission — we are helping our members achieve their financial goals, and fulfill their dream of homeownership,” said April Clobes, MSUFCU’s President and CEO. “When our members place their confidence in us for one of their largest purchases, we know that they will have a better experience, receive a better rate, and ultimately have their mortgage with a financial institution that understands their individual needs.”
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 faculty and staff, MSUFCU has 17 branches, over 232,000 members, more than $3.48 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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