MSUFCU's Savings Builder Account Helps Build Savings Quickly
MSUFCU’s Savings Buildesm Account Helps Build Savings Quickly
EAST LANSING, Mich. — MSU Federal Credit Union (MSUFCU) has introduced its Savings Buildesm account to help members save for life’s unanticipated events faster. Savings Builder pays more on initial deposits, unlike many traditional savings accounts that earn higher dividends only when more money is saved.
According to bankrate.com, 28% of adults don’t have any funds set aside for unexpected expenses. While starting an emergency savings fund can be difficult, the Savings Builder is designed to help members build their emergency accounts faster so funds are available for unplanned expenses.
“We are pleased to offer this new product to help members start saving and earning more on initial funds saved, especially at this time when having an emergency fund in place could be particularly beneficial to so many,” said Deidre Davis, MSUFCU Chief Marketing Officer. “Savings Builder is a great option to quickly save for unbudgeted expenses — such as car repairs or medical costs — helping prevent new or additional debt.”
MSUFCU has a national reputation for excellence and has received several top industry and workplace awards. The Credit Union was named as a Top Workplace in the large employer category by the Detroit Free Press for eight consecutive years, received a 5 star rating from Bauer Financial in 2020, was named a Top 100 Best Workplace for Women by Fortune for the third year, and is in the top five Michigan credit unions by Forbes Best-in-State Credit Unions. MSUFCU was named a Best Workplace in Financial Services and Insurance by Fortune Magazine two consecutive years, received the ATHENA Award® for Organizational Leadership, and was named West Michigan Best and Brightest to Work For the eighth year in a row. The Credit Union earned the ranking of one of Michigan’s Best and Brightest in Wellness for the eighth consecutive year, and has been certified as a Great Place to Work® for six consecutive years. MSUFCU has also been recognized for its financial education initiatives, ranking first for the Alphonse Desjardins Adult and Youth Financial Education Awards, and the Louise Herring Award as well as an honorable mention for the Dora Maxwell Award by the Michigan Credit Union League. Founded in 1937, MSUFCU is headquartered in East Lansing, MI, has 19 branches, nearly 300,000 members, more than $5 billion in assets, and more than 900 employees. For more information, visit msufcu.org.