MSUFCU Welcomed Community to New Building for 80th Anniversary Celebration
EAST LANSING, Mich. — MSU Federal Credit Union (MSUFCU) celebrated its 80th anniversary recently and welcomed members of the community to an event at the newly constructed second building on its headquarters campus.
Over 1,300 guests toured the new building; heard remarks from MSUFCU’s President/CEO April Clobes, MSU President Lou Anna K. Simon, MSUFCU’s Chair of the Board Bill Beekman, the building’s architect, and others; entered to win raffle prizes; enjoyed complimentary food and beverages; and visited Sparty.
The expansion of its Headquarters campus in East Lansing is part of the Credit Union’s long-term growth strategy to meet the demands of its growing membership. Membership at MSUFCU has increased an average of 8.5% annually, leading to increased hiring and adding many jobs to the local economy. The 186,350-square-foot building has three floors with a lower level and will house 564 employees over the next 10-12 years.
“In 80 years, the Credit Union grew from operating out of a single desk drawer in the physical plant on MSU’s campus to serving nearly 250,000 members worldwide,” said Ms. Clobes. “Our growth is the result of the support from members who enable us to build a stronger community, provide superior service, and make dreams into realities.”
MSUFCU has a national reputation for excellence and has received several top industry and workplace awards. This year, the Credit Union was named the #5 Top Workplace in the large employer category by the Detroit Free Press, one of CU Journal’s Best Credit Unions to Work For, a Best Workplace for Women by Fortune Magazine, and Outstanding Credit Union of the Year by the Michigan Credit Union League. MSUFCU has also been nationally recognized for its financial education initiatives, ranking in second place for the National Alphonse Desjardins Adult Financial Education award in 2017 by the Credit Union National Association and fifth in nation for youth financial education in 2016 by the National Youth Involvement Board. Founded in 1937 by MSU faculty and staff, MSUFCU has 18 branches, nearly 250,000 members, more than $3.7 billion in assets, and over 800 employees.
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