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Routing Number: 272479663
Swift Code: MSUCUS44
Account Disclosures
MSUFCU | Disclosures | Savings & Checking

Savings, Checking & General Account Disclosures

This is your Bill Payment agreement with Michigan State University Federal Credit Union and Oakland University Credit Union.


Oakland University Credit Union, OUCU, is a licensed trade name of Michigan State University Federal Credit Union. While some of your account materials may reflect the OUCU logo, MSU Federal Credit Union remains the legal entity behind both brands, MSUFCU and OUCU. Your legal documents and Federal Reserve transactions will be listed in your account as MSU Federal Credit Union (“Credit Union”).


You may use the Credit Union Bill Payment service to direct the Credit Union to make payments from your designated checking account to the "Payees" you choose in accordance with this agreement. The terms and conditions of this agreement are in addition to the account agreements, disclosures and other documents in effect from time to time governing your account (The Account Rules).


"You" or "Your" means each person who is authorized to use the service. "Payee" means anyone, including the Credit Union, you designate and the Credit Union accepts as a "Payee."


Service Fees

  • See the Credit Union’s Fee Schedule for fees that may apply.


Limitations of "Electronic Fund Transfers"
Certain limitations exist for electronic fund transfers to protect against possible losses. ACH transactions and transfers are limited to $25,000 per day and email payments are limited to $10,000 per day. These limits are dependent on your account status with the Credit Union and are subject to change.


The Bill Paying Process
Single Payments - a single payment will be processed on the business day (generally Monday through Friday, except certain holidays) that you designate as the payment process date, provided the payment is submitted prior to the daily cut-off time on that date.


The daily cut-off time, which is controlled by the Credit Union, is currently 4:30 p.m. EST.

A single payment submitted after the cut-off time on the designated process date will be processed on the next business day. If you designate a non-business date (generally weekends and certain holidays) as the payment’s process date, the payment will be processed on the first business day following the designated process date.


Recurring Payments - When a recurring payment is processed, it is automatically rescheduled by the system. Based upon your selected frequency settings for the payment, a process date is calculated for the next occurrence of the payment. If the calculated process date is a non-business date (generally weekends and certain holidays), it is adjusted based upon the following rules:

  • If the recurring payment's "Pay Before" option is selected, the process date for the new occurrence of the payment is adjusted to the first business date prior to the calculated process date.
  • If the recurring payment's "Pay After" option is selected, the process date for the new occurrence of the payment is adjusted to the first business date after the calculated process date.


Note: If your frequency settings for the recurring payment specify the 29th, 30th, or 31st as a particular day of the month for processing and that day does not exist in the month of the calculated process date, then the last calendar day of that month is used as the calculated process date.


Single and Recurring Payments
The system will calculate the Estimated Arrival Date of your payment. This is only an estimate. Please allow ample time for your payments to reach your "Payees."


Cancelling a Payment
A bill payment can be changed or cancelled anytime prior to the cutoff time on the scheduled process date.


Available Funds
You agree to have available and collected funds on deposit in the account you designate in amounts sufficient to pay for all bill payments requested, as well as, any other payment obligations you have to the Credit Union.

  • The Credit Union reserves the right, without liability, to reject or reverse a bill payment if you fail to comply with the above requirement or any other term of this agreement.
  • If you do not have sufficient funds in the account and the Credit Union has not exercised its right to reverse or reject a bill payment, you agree to pay for such payment obligations on demand.
  • You further agree the Credit Union, at its option, may charge any of your accounts with the Credit Union to cover such payment obligations.

The Credit Union reserves the right to change the cut-off time. You will receive notice if it changes.


You are liable for all transactions you make or that you authorize another person to make even if that person exceeds his or her authority.

  • You will be responsible for any bill payment request you make that contains an error or is a duplicate of another bill payment.
  • The Credit Union is not responsible for a bill payment that is not made if you did not properly follow the instructions for making a bill payment.
  • The Credit Union is not liable for any failure to make a bill payment if you fail to promptly notify the Credit Union after you learn that you have not received credit from a "Payee" for a bill payment.
  • The Credit Union is not responsible for your acts or omissions or those of any other person, including, without limitation, any transmission or communications facility, and no such party shall be deemed to be the Credit Union's agent.
  • In any event, the Credit Union will not be liable for any special, consequential, incidental, punitive losses, damages, or expenses in connection with this agreement or the service, even if the Credit Union has knowledge of the possibility of them.
  • The Credit Union is not liable for any act, failure to act or delay in acting if it is caused, in whole or in part, by any cause beyond the Credit Union's reasonable control.


Amendment Termination
The Credit Union has the right to change this agreement at any time by notice mailed to you at the last address shown for the account on the Credit Union's records, by posting notice in branches of the Credit Union, or as otherwise permitted by law.


  • The Credit Union has the right to terminate this agreement at any time.
  • The Credit Union is not responsible for any fixed payment made before the Credit Union has a reasonable opportunity to act on your termination notice.
  • You remain obligated for any payments made by the Credit Union on your behalf.


Miscellaneous Product Fees
Fees will be assessed when extra services are requested: Overnight Fee, 2nd Day Fee, Second Day Economy (Electronic Payments Only), Charitable Donations and Gift Pay.


The Credit Union reserves the right to charge you for research time involving payments no longer available in your screen history.


You will be informed of any such charges before they are incurred. Bill payments are processed by Electronic Fund Transfers (EFT). Please see the Electronic Fund Transfers Disclosure Statement included, or, received when you opened your account, which discloses important information concerning your rights and obligations.