MSUFCU Achieves Milestone: Reaches $4 Billion in Assets
EAST LANSING, Mich. — MSU Federal Credit Union (MSUFCU) is excited to announce that it has reached $4 billion in assets, as of March 31, 2018. This milestone is accompanied by year over year loan growth of over 19%, member growth of nearly 9%, and asset growth of 13%.
In 2017, the Credit Union celebrated its 80th anniversary, grand opening of a second building on its headquarters campus, hiring of an 800th employee, renovations at three branch locations, and grand opening of a new branch location in Grand Rapids, Michigan.
“Our tremendous growth is due to the support of our members, dedication of our employees, and strength of our community,” said April Clobes, MSUFCU’s President/CEO. “Our success is made possible because of those who support us, and we will continue to serve them with superior service, secure and convenient account access, innovative products and services, and philanthropic support for organizations that help make our communities places we are proud to live and work.”
Looking forward, MSUFCU plans to open two branches in the metro-Detroit area, rebrand its youth accounts, and continue to offer products and services that best suit the needs of its members.
MSUFCU has a national reputation for excellence and has received several top industry and workplace awards. For the sixth year in a row, MSUFCU was named as a Top Workplace in the large employer category by the Detroit Free Press. Last 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 first in Michigan and second in the nation for the 2017 Alphonse Desjardins Adult Financial Education award by the Credit Union National Association. Founded in 1937, MSUFCU has 18 branches, over 255,000 members, more than $4 billion in assets, and 850 employees.
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