Michigan State University Federal Credit Union

From Desk Drawer to Billions

by Cliff Duvernois

April Clobes, MSU Federal Credit Union

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MSU Federal Credit Union (MSUFCU) is quickly growing. April Clobes, President and CEO of MSU Federal Credit Union, sat down with me to talk about how she climbed the corporate ladder to become the CEO but also how this credit union, which started in a desk drawer over 50 years ago now has hundreds of thousands of members and manages $7.5 Billion in assets.


MSU Federal Credit Union Website: https://www.msufcu.org

MSU Federal Credit Union (MSUFCU): A Legacy of Financial Excellence in Michigan

Michigan State University Federal Credit Union (MSUFCU) is a financial institution that has been serving the Michigan community for over 80 years. With a rich history and a commitment to providing exceptional financial services, MSUFCU continues to thrive, offering a wide range of innovative programs, and expanding its presence in the region. In this article, we will explore the history of MSUFCU, its current programs, and the exciting news of new branch openings.

History of MSUFCU

Founded in 1937 by a group of Michigan State University faculty and staff members, MSUFCU started as a small, member-owned financial cooperative. Its mission was to provide affordable financial services to its members, primarily employees of Michigan State University. Over the years, the credit union steadily expanded its membership to include students, alumni, and residents in the Greater Lansing area. Today, it stands as one of the largest university-based credit unions in the United States.

MSUFCU’s commitment to its members is reflected in its values of financial education, community involvement, and personalized service. The credit union has consistently received recognition for its exceptional member service and financial products.

MSUFCU offers a wide range of financial products and services designed to meet the diverse needs of its members. These programs include:

  1. Loans: Whether you’re looking for a personal loan, auto loan, mortgage, or credit card, MSUFCU offers competitive rates and flexible terms to make financing your dreams a reality.
  2. Financial Education: The credit union is committed to empowering its members with financial knowledge. MSUFCU offers free financial education resources, including workshops, webinars, and tools to help members make informed financial decisions.
  3. Mobile and Online Banking: MSUFCU has invested in cutting-edge technology, offering a user-friendly mobile app and online banking platform. Members can conveniently manage their accounts, pay bills, and access a range of services from the comfort of their homes.
  4. Investment and Retirement Planning: MSUFCU’s team of financial advisors provides expert guidance on investment strategies and retirement planning, helping members secure their financial future.
  5. Savings and Checking Accounts: various options for savings and checking accounts, each tailored to the individual financial goals of its members. With competitive interest rates and minimal fees, these accounts are designed to help members grow their money.

Michigan State University Federal Credit Union has a storied history of providing outstanding financial services to its members in the Greater Lansing area and beyond. With a commitment to education, community involvement, and personal service, MSUFCU continues to thrive and expand its reach. The recent branch openings and plans for new locations reflect the credit union’s dedication to serving the Michigan community. Whether you’re a student, alumnus, faculty, or a local resident, MSUFCU is a trusted partner for your financial needs.