MSUFCU Helps Members Achieve Financial Security with Education and Low Interest Rates Credit Union Helped Members Save $50 Million in Interest Payments Since 2013
EAST LANSING, Mich. — MSU Federal Credit Union (MSUFCU) has a singular reason: provide members with superior service, helping them achieve financial success and their dreams. With this as a guiding principle, we are pleased to announce that our members have saved over $50 million in interest by refinancing high-rate debt from other financial institutions to MSUFCU since 2013.
“Our mission at MSUFCU is to help members achieve financial security and, ultimately, their dreams,” said Deidre Davis, MSUFCU’s Chief Marketing Officer. “Helping members save over $50 million in loan interest creates opportunities for financial freedom, allowing our members to realize their goals, financial or otherwise.”
MSUFCU consistently educates members about interest rates and how they can save money by refinancing high interest rate loans held at other financial institutions. These conversations between Credit Union employees and members serve to teach members about the total costs of loans: the total amount they pay for loans, including the interest associated with them. With high interest rate loans, members may have been burdened by high monthly payments. After refinancing with MSUFCU, members can use that extra money to pay off other debt, build up their savings, or make purchases they may not have been able to make otherwise.
Members of MSUFCU benefit from both our low interest rates and superior service. The Credit Union’s success is a testament to the support of our members, and helping them build dreams is one way we serve members and create financially secure lives.
MSUFCU has a national reputation for excellence and has received several top industry and workplace awards. In 2016, the Credit Union was named the #1 Top Workplace in the large employer category by the Detroit Free Press and one of Fortune magazine’s 50 Best Workplaces for New College Grads as well as ranked fifth in the nation for its financial education program by the National Youth Involvement Board. MSUFCU also was named one of West Michigan’s 101 Best and Brightest companies to Work For, receiving the Michigan Business Professional Association’s top Elite Overall – Best of the Best award. This year, MSUFCU was named Outstanding Credit Union of the Year by the Michigan Credit Union League. Founded in 1937 by MSU faculty and staff, MSUFCU has 18 branches, over 240,000 members, more than $3.65 billion in assets, and nearly 800 employees.
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