“Michigan State University Federal Credit Union was originally called Michigan State College Employees Credit Union, only serving campus employees when founded in 1937.”— MSUFCU History
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Published: Nov 29, 2017

MSUFCU Honored as Second Place National Winner in Adult Financial Education Credit Union Receives Alphonse Desjardins Award

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EAST LANSING, Mich. — MSU Federal Credit Union (MSUFCU) is honored to announce that it has received second place recognition in the nation for the Alphonse Desjardins Financial Education Award in the Adult category, presented by the Credit Union National Association (CUNA). In October, MSUFCU announced it had received first place in both the Desjardins Adult and Youth categories at the state level by the Michigan Credit Union League (MCUL) and would go on to compete against other state league winners for the national award.


MSUFCU believes that financial education and access to resources are two tools necessary for achieving financial security and dreams and relays this into every interaction between employees, members, and the community. All educational initiatives and events are free to the public and include: monthly financial education articles posted on Lansing State Journal’s website, in Capital Area Women’s Lifestyle Magazine and ING magazine, and on MSUFCU’s Financial 4.0 website for students; seminars on specialized topics such as estate planning and college tuition preparation for students; lunch and learn classes at various local employers; educational TV and radio snippets on MomsEveryday on WILX, Morning Blend on Fox 47, and Money Minutes on 96.5; and many more.


“Our financial education program for children and adults has expanded in the last several years, serving a critical need with educational services that are easy to access at any age,” said April Clobes, MSUFCU’s President/CEO. “Seeing the community’s positive response to our educational seminars and events reinforces our mission as a credit union: to help our members succeed and reach their dreams.”


Though individuals may use money management skills every day, they do not always have an understanding of overall financial concepts or how to improve their financial standings. Because of this need, MSUFCU increased its number of seminars and events for youth and adults and engaged in various community partnerships to deliver these resources to all age groups, regardless of financial standing. Through interactive programs like in-school credit unions and our new Financial Reality fair, youth and adults in our community learn financial concepts and apply what they have learned through real life examples.


MSUFCU has a national reputation for excellence and has received several top industry and workplace awards. For the fourth year in a row, MSUFCU was named as a Top Workplace in the large employer category by the Detroit Free Press. This year, it was also recognized as 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 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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