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Hub AI
Michigan State University Federal Credit Union AI simulator
(@Michigan State University Federal Credit Union_simulator)
Hub AI
Michigan State University Federal Credit Union AI simulator
(@Michigan State University Federal Credit Union_simulator)
Michigan State University Federal Credit Union
The Michigan State University Federal Credit Union (MSUFCU) is a credit union headquartered in East Lansing, Michigan. Primarily serving students and alumni of Michigan State University and Oakland University, MSUFCU is federally chartered and regulated by the National Credit Union Administration (NCUA). MSUFCU is the largest university-based credit union in the world, and the second-largest credit union in Michigan.
MSUFCU provides a variety of financial services, including deposit accounts, personal and business loans, investments, and insurance. MSUFCU is owned by its members, which elect a board of directors to oversee its operations. As of November 2023, MSUFCU has 24 branches (all in Michigan), over 350,000 members, more than $7.6 billion in assets, and nearly 1,300 employees. It is a member of the CO-OP ATM network.
In 1937, eight faculty and staff members at the Michigan State College of Agriculture and Applied Science founded the state-chartered Michigan State College Employees Credit Union (MSCECU). Its assets and ledgers were kept in a desk drawer at the College's administration building.
In 1955, Michigan State University adopted its current name, and MSCECU was renamed Michigan State College Federal Credit Union (MSCFCU). MSCFCU established its office in the Power House Plant on MSU's campus the following year. The Credit Union relocated its main office across MSU’s campus to 600 E Crescent Road in 1971, as its membership and assets continued to increase.[citation needed]
MSUFCU was state-chartered until 1979, when it obtained a federal charter and adopted its current name. By that time, MSUFCU had grown to $40 million in assets and 29,244 members; by 1985, it held $100 million in assets and had 40,000 members.
MSUFCU continued to grow in the early 2000s with the West Side Lansing branch opening in 2003, the South Lansing branch in 2005, and the MSU Union branch on MSU's campus in 2006.[citation needed]
MSUFCU opened a new headquarters building in East Lansing in 2008. The building was constructed using green building standards and received a gold Leadership in Energy and Environmental Design (LEED) certification. A 186,350 square-foot expansion to the headquarters campus was announced in November 2014 houses a call center, information technology department, and other member service departments. The second building on MSUFCU’s headquarters campus celebrated its grand opening in October 2017, coinciding with MSUFCU’S 80th anniversary.[citation needed]
In April 2011, MSUFCU expanded into downtown Lansing, with a new branch located on Washington Avenue. The next year, a third MSU campus branch was opened, as well as a location in Haslett. A branch at Sparrow Hospital opened in 2013, and two additional locations, in Okemos and Mason, opened in 2014.
Michigan State University Federal Credit Union
The Michigan State University Federal Credit Union (MSUFCU) is a credit union headquartered in East Lansing, Michigan. Primarily serving students and alumni of Michigan State University and Oakland University, MSUFCU is federally chartered and regulated by the National Credit Union Administration (NCUA). MSUFCU is the largest university-based credit union in the world, and the second-largest credit union in Michigan.
MSUFCU provides a variety of financial services, including deposit accounts, personal and business loans, investments, and insurance. MSUFCU is owned by its members, which elect a board of directors to oversee its operations. As of November 2023, MSUFCU has 24 branches (all in Michigan), over 350,000 members, more than $7.6 billion in assets, and nearly 1,300 employees. It is a member of the CO-OP ATM network.
In 1937, eight faculty and staff members at the Michigan State College of Agriculture and Applied Science founded the state-chartered Michigan State College Employees Credit Union (MSCECU). Its assets and ledgers were kept in a desk drawer at the College's administration building.
In 1955, Michigan State University adopted its current name, and MSCECU was renamed Michigan State College Federal Credit Union (MSCFCU). MSCFCU established its office in the Power House Plant on MSU's campus the following year. The Credit Union relocated its main office across MSU’s campus to 600 E Crescent Road in 1971, as its membership and assets continued to increase.[citation needed]
MSUFCU was state-chartered until 1979, when it obtained a federal charter and adopted its current name. By that time, MSUFCU had grown to $40 million in assets and 29,244 members; by 1985, it held $100 million in assets and had 40,000 members.
MSUFCU continued to grow in the early 2000s with the West Side Lansing branch opening in 2003, the South Lansing branch in 2005, and the MSU Union branch on MSU's campus in 2006.[citation needed]
MSUFCU opened a new headquarters building in East Lansing in 2008. The building was constructed using green building standards and received a gold Leadership in Energy and Environmental Design (LEED) certification. A 186,350 square-foot expansion to the headquarters campus was announced in November 2014 houses a call center, information technology department, and other member service departments. The second building on MSUFCU’s headquarters campus celebrated its grand opening in October 2017, coinciding with MSUFCU’S 80th anniversary.[citation needed]
In April 2011, MSUFCU expanded into downtown Lansing, with a new branch located on Washington Avenue. The next year, a third MSU campus branch was opened, as well as a location in Haslett. A branch at Sparrow Hospital opened in 2013, and two additional locations, in Okemos and Mason, opened in 2014.