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How Lansing SAVE Works

MSU Federal Credit Union has partnered with the City of Lansing and the Lansing School District to provide Children’s Savings Accounts through the Lansing Student Accounts Valuing Education (SAVE) program. These accounts have been developed to help students save money to pay for future college or training expenses.

Beginning January 2015, any kindergarten student enrolling at Cumberland, Lyons, Reo, Riddle, or Willow Elementary Schools within the Lansing School District will be automatically enrolled in the Lansing SAVE program. Each account will open with a $5 starting deposit in the student’s account. Unlimited private contributions may be made to a student's Lansing SAVE account. Withdrawals, however, are prohibited until the student meets eligibility requirements.

Contributions
Contribution to Lansing SAVE accounts may be made in two ways:

    • Public contributions: The City of Lansing will make yearly contributions to all 
      Lansing SAVE accounts.

    • Private Contributions: Parents, grandparents, friends and the student may make
      contributions to the student’s account at any MSUFCU branch.

Contributions will be made to an MSUFCU 1-Year Add-On Certificate (view current rates) and will renew each year until the student withdraws the funds.

Account Inquiries 
Enjoy 24/7 access to view your student's Lansing SAVE balance via MSUFCU's ComputerLine (online banking) and MoneyLine (automated response phone banking system). 

Withdrawals
Funds deposited into a Lansing SAVE student account will not be eligible for withdrawal until the student graduates from high school. After graduating, students may use their funds for college or career training expenses. 

If you have any questions about ComputerLine, MoneyLine, or other MSUFCU services, please call MSUFCU at 517-333-2424 or 800-678-4968.

If you have any questions about the Lansing SAVE program, please email lansingsave@lansingmi.gov or call 517-483-5155.