MSUFCU Alert
Due to scheduled maintenance, Bill Payment will be unavailable on Saturday, October 24, from 11:00 p.m. until Sunday, October 25, at 5:00 a.m. We apologize for any inconvenience.
MSUFCU Alert
Due to scheduled maintenance, ComputerLine, and the mobile app may experience intermittent outages on Sunday, October 25, from 6:30 - 9:00 a.m. We apologize for any inconvenience.
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Routing Number: 272479663 Swift Code: MSUCUS44
 
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MSU Summer Pay Program

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MSU Summer Pay Program
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MSU Summer Pay Program
Description
NOTE: This account is designed specifically for Michigan State University employees.

This dividend bearing savings/distribution account is designed to help MSU faculty set aside a portion of his/her salary for distribution during the summer months when MSU payroll will not be disbursed. The account allows for automatic summer month distributions of your savings to an MSUFCU account you designate.

• Earns the same amount of dividends as our IMMA Savings Account Tier 1
• 24/7 account monitoring via ComputerLine, the MSUFCU Mobile app, MoneyLine, and CO-OP Network ATMs

Summer Pay Savings Calculator
Use the Summer Pay Savings Calculator to help you determine how much money to set aside in your Summer Pay account each paycheck to cover the months in which you will receive a partial paycheck or no check at all.

Deposits, Transfers, and Withdrawals
• Deposits can only be made by payroll deduction or automatic transfer with the exception of your initial deposit
• Withdrawal limit of four (4) per calendar year
• Withdrawals can only be made during the months of May, June, July, and August
• Funds will be transferred automatically to the MSUFCU checking or savings account designated by the member

Use the Summer Pay Savings Account form to:
• open an MSUFCU Summer Pay Account
• have net pay sent to MSUFCU

Please include the amount of money you'd like set aside from your monthly paycheck.

How Is My Money Disbursed?
The money in your Summer Pay Savings Account will be disbursed to your MSUFCU checking or savings account during the months of May, June, July, and August when only a partial paycheck or no paycheck is received.

The money you've set aside in your Summer Pay Savings Account will be disbursed during the months of May, June, July, and August. 1/3rd of the money in your Summer Pay Savings Account will be disbursed in both June and July, and 1/6th of the money in your Summer Pay Savings Account will be disbursed in both May and August. As you will receive a partial paycheck from MSU during May and August but no paycheck during June and July, this disbursement formula will provide you with a similar amount of money each month throughout the year.

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