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MSUFCU | Disclosures | Home Loans

Mortgage & Home Loan Disclosures

Pursuant to Michigan Public Act 660 of 2002
 

1. You have the RIGHT to shop for the best loan for you and compare the charges of different mortgage brokers and lenders.

2. You have the RIGHT to be informed about the total cost of your loan including the interest rate, points and other fees.

3.
You have the RIGHT to obtain a "Good Faith Estimate" of all loan and settlement charges before you agree to the loan or pay any fees.

4.
You have the RIGHT to know what fees are nonrefundable if you decide to withdraw your loan application.

5.
You have the RIGHT to ask your mortgage broker to explain exactly what the mortgage broker will do for you.

6.
You have to RIGHT to know how much the mortgage broker is getting paid by you and the lender for your loan.

7.
You have the RIGHT to ask questions about charges and loan terms that you do not understand.

8.
You have the RIGHT to a credit decision that is not based on your race, color, religion, national origin, sex, marital status, age, or whether any income is derived form public assistance.

9.
You have the RIGHT to know the reason if your loan application is turned down.

10.
You have the right to receive the HUD settlement costs booklet "Buying Your Home."



 

Service Fee Schedule

Totally Green Checking

FREE

Classic Checking

$5.00 / minimum balance fee

Money Marketing Checking

$5.00 / minimum balance fee

Rebuild Checking $10.00 / month

Check Fees

Personal Check Printing Based on style
Temporary Checks $1.00 / page
Cashier's Checks $2.00 (one free per day)
Money Order $2.00 (one free per day)
Wire Transfer Fees  
Domestic Wire Transfer $20.00 for sending
International Wire Transfer $50.00 for sending
Incoming Wire Transfer $5.00 for receiving

International Item Fees

International Currency—Purchasing $14.00

Processing International Checks

 Canadian Checks

$5.00

International Checks requiring short collection

$25.00

International Checks requiring long collection

$75.00
Returned International Checks $40.00
Online Banking with ComputerLine Free
Bill Payment Free
Card Fees 
Replacement Cards
ATM $2.00
Debit or Credit $5.00
Non-CO-OP ATM Network $1.00 / transaction
International Service Assessment (ISA)
ATM & PIN-Based Transactions1 1.0% of the International Transaction Amount
Signature-Based Transactions1 3.0% of the International Transaction Amount
Miscellaneous Fees 
Bond Coupon Processing $10.00
Canceled Check Copy $5.00
Coin Machine Use (non-members) 10% fee
Consumer Loan Late Payment $25.00
Courtesy Pay2 $30.00
Courtesy Pay for Debit2 $30.00

Dormant Account

$5.00 / month
Garnishment/Levy $75.00
Non-Sufficient Funds (NSF) $30.00
Overdraft Notice (Paper) $5.00
Research $25.00 / hour
Returned Deposited Item $15.00 (Domestic)
$40.00 (International)
Escheatment $75.00
Re-Deposit Returned Item $5.00
Skip-A-Pay Application $35.00
Share Collection $30.00
Statement Copy $5.00

Stop Payment

$25.00
Telephone Transfer FREE

1Calculated after the transaction has been converted to US dollars.
2Courtesy Pay and Courtesy Pay for Debit (when opted-in) are protected with 
Balance Shield and will not receive a fee if the account is negative less than $5.00.
 

For inquiries, contact us at:
Michigan State University Federal Credit Union
PO Box 1208
East Lansing, MI 48826-1208


By phone: 517-333-2424 or 800-678-4968

Loans: 517-333-2222 or 800-678-6967
Visa: 517-333-2323 or 800-847-2383

Mortgage: 517-333-2210 or 866-678-3328

REV. 09/16



 

MSUFCU Routing Number: 272479663
MSUFCU SWIFT Code: MSUCUS44

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