navigation search michigan state university federal credit union type credit union industry financial services founded 1937 headquarters east lansing michigan usa number of locations 17 2016 1 key people april m. clobes president and chief executive officer 2 products savings ; checking ; consumer loans ; mortgages ; credit cards ; investments ; online banking total assets 3.25 billion usd 3 number of employees 700 3 website msufcu.org michigan state university federal credit union or msufcu headquartered in east lansing michigan is the largest university based credit union in the world in membership and asset size . 4 msufcu is a federal credit union chartered and regulated under the authority of the national credit union administration ncua . a variety of financial products and services are provided by msufcu including deposit accounts personal and business loans investments and insurance . msufcu is owned and operated by members of the michigan state and oakland university communities . as of august 2016 msufcu has seventeen branches a membership of more than 220 000 and over 3.25 billion in assets . 3 msufcu has been awarded the society for human resource management shrm top 25 medium sized companies to work for in 2006 and 2007 and currently staffs over 640 employees . 5 the credit union was also awarded the lansing regional chamber of commerce economic development award in 2008 6 was chosen in 2008 as one of michigan s next great companies by the michigan economic development corporation 7 and was named one of the principal 10 best companies for employee financial security by the principal financial group in 2003 . 8 in 2014 the national association of federal credit unions recognized msufcu as the federal credit union of the year and submitter of the best annual report both for institutions with assets in excess of 250 million . 9 10 contents 1 history 2 membership 3 services 4 references 5 external links history edit on november 15 1937 a petition for state charter was approved for the michigan state college employees credit union mscecu . mscecu was located in the administration building at the michigan state college of agriculture and applied science later michigan state university and was operated out of a single desk drawer . at that time the credit union had 3 000 in assets and 74 members . in 1955 the state of michigan renamed michigan state college as michigan state university and mscecu adjusted its name accordingly to michigan state employees credit union . the credit union moved to the power house plant on msu s campus the following year and continued to move around campus as its membership and assets increased . an additional credit union branch was opened in oakland county michigan in 1967 to better serve members at the nearby msu oakland university . four years later in 1971 the credit union relocated its main office to 600 east crescent road in east lansing michigan . in 1978 the ncua approved the credit union s application for federal charter charter number 23279 and its name was changed to msu federal credit union . by that time msufcu had grown to 40 million in assets and 29 244 members . 11 a branch in okemos michigan was added in 1983 and was later relocated to its current location in 2003 . additional branches were also constructed in east lansing in 1987 and on the west side of lansing in 2003 . a branch in south lansing opened in 2005 and in the msu union building on msu s campus shortly thereafter . 12 msufcu continues to expand having completed construction on a brand new headquarters building in northern east lansing in 2009 . the building was constructed using green building standards and received a gold leadership in energy and environmental design leed certification . the credit union opened an additional branch in downtown lansing in april 2011 . 13 a new branch was built on the south side of the msu campus in march 2012 followed by a branch on marsh road in bath township in september 2012 . 14 in november 2012 the merger of msufcu and eaton county educational credit union was announced effective april 2013 . 15 16 a branch within the sparrow hospital professional building in lansing opened in january 2013 . 17 construction began on msufcu s meridian crossing branch located on the corner of jolly and okemos roads in may 2014 . 18 msufcu s mason branch opened its doors on september 2 2014 . 19 in january 2014 msu federal credit union became the official credit union of oakland university and rebranded as oakland university credit union adding an on campus branch in the student center and several atms throughout campus . 20 in november the credit union announced a 46 million 186 350 square feet 17 310 m2 expansion to their existing headquarters building to house a call center their information technology and e services departments . 21 patrick mcpharlin retired as president and ceo in march 2015 after 41 years with the organization . 22 in april 2016 msu federal credit union merged in clarkston brandon community credit union cbccu headquartered in clarkston michigan . april clobes president and ceo of msufcu said this is an exciting time for msufcu as this merger will allow us to better serve our 34 000 current members who live in the counties formerly served by cbccu ... 23 membership edit as is dictated by msufcu s charter membership at the credit union is limited to the following groups of individuals faculty staff and students of michigan state university or oakland university and their immediate relatives . michigan state university or oakland university alumni association members . anyone is able to join either alumni association and then become eligible for msufcu membership . those who regularly work on the michigan state university or oakland university campuses who are under the control of the msu board of trustees or the governing body of oakland university . employees of select groups or associations as determined by msufcu s board of directors . immediate family members of the aforementioned eligible fields spouse sister brother parent or child . any individual living in the household of the above eligible fields making up an economic unit . members were required to pay a 1 one time membership fee and maintain a 5 balance in a spartan saver deposit account . this fee and deposit represent each member s ownership of msufcu . however as of august 2016 the membership fee is no longer . services edit msufcu offers products and services including various savings accounts checking accounts certificates individual retirement accounts iras personal loans mortgages visa lines of credit and business accounts and loans . msufcu teamed up with members home & auto insurance in 2007 to provide home auto and renter s insurance to members . msufcu members can perform transactions free of charge in person at msufcu s 17 branch locations 125 msufcu owned atms in the greater lansing area or at nearly 30 000 co op network atms nationwide . live telephone assistance is available monday saturday and 24 hour account access is available on msufcu s website https www.msufcu.org using computerline the automated moneyline telephone service and the msufcu mobile app . references edit branch hours & locations . retrieved october 28 2015 . msufcu management . retrieved april 17 2015 . a b c about msu federal credit union . retrieved august 10 2016 . ncua statistics . retrieved november 2 2010 . working at msu federal credit union . retrieved july 31 2013 . lansing regional chamber of commerce . retrieved september 17 2008 . michigan economic development corporation michigan s next great companies . retrieved december 23 2008 . hr ingenuity website . retrieved september 17 2008 . nafcu annual awards . retrieved may 30 2014 . nafcu marketing awards . retrieved may 30 2014 . lesnieski frances l. 1987 . our first fifty years michigan state university federal credit union . smith shawn november 17 2004 . credit union to add branch . the state news . retrieved february 22 2013 . michigan state university federal credit union msufcu announces the opening of the downtown lansing branch pdf . retrieved may 8 2011 . vanhulle lindsay december 11 2012 . msufcu marks 75 years in credit union biz . lansing state journal . retrieved december 20 2012 . strozniak peter . michigan state university fcu plans to merge eaton county educational cu . credit union times . retrieved december 20 2012 . vanhulle lindsay february 21 2013 . msufcu eaton county credit union to merge in april . lansing state journal . retrieved february 22 2013 . msufcu opens new branch in sparrow professional building creates six jobs . credit union insight . retrieved january 31 2013 . msufcu celebrates meridian crossing branch ground breaking press release . msu federal credit union . may 2014 . retrieved june 18 2014 . https www.msufcu.org community press center press releases pr 2014 pr 090214 msufcu opens new mason branch oakland university credit union to launch in early 2014 press release . oakland university . june 28 2013 . retrieved june 18 2014 . vanhulle lindsay november 17 2014 . msufcu to expand east lansing headquarters . lansing state journal . retrieved november 17 2014 . after 41 years of service mcpharlin will be retiring from msufcu press release . msufcu . retrieved april 17 2015 . https media.msufcu.org publicsites msufcu pdfs cbcculetter033116.pdf external links edit official website branch locations national credit union administration s cu online tool provides lots of financial and organizational details v t e lansing east lansing michigan municipalities lansing east lansing bath township delhi township delta township dewitt township dimondale edgemont park grand ledge haslett holt lansing township mason meridian township okemos waverly williamston counties clinton county eaton county ingham county districts and neighborhoods colonial village downtown lansing genesee old town reo town tamarisk education colleges and universities davenport university great lakes christian college lansing community college michigan state university michigan state university college of law western michigan university cooley law school school districts east lansing public schools east lansing high school lansing school district lansing everett high school j. w. sexton high school lansing eastern high school waverly community schools waverly senior high school private schools lansing catholic high school museums and libraries capital area district library eli and edythe broad art museum impression 5 science center library of michigan and historical center msu library michigan women s hall of fame r. e. olds transportation museum turner dodge house hospitals mclaren greater lansing hospital sparrow hospital recreation and attractions common ground music festival cooley law school stadium east lansing film festival grand river lake lansing lake lansing park north lansing center lansing jazzfest lansing lugnuts lansing river trail lansing symphony orchestra michigan hall of justice michigan state capitol msu pavilion msu spartans michigan supreme court michigan walk of fame old town bluesfest potter park zoo red cedar river st. mary cathedral summit at the capital centre wharton center transportation capital area transportation authority capital region airport authority capital region international airport michigan flyer multimodal gateway port lansing union depot media city pulse lansing state journal mlive lansing radio revue mid michigan the state news television company headquarters accident fund insurance company auto owners insurance biggby coffee dart container d j vu consulting delta dental of michigan jackson national life lansing board of water & light lake trust credit union liquid web michigan farm bureau michigan high school athletic association msu federal credit union roman catholic diocese of lansing quality dairy company techsmith two men and a truck major retail centers eastwood towne center frandor shopping center lansing city market lansing mall meridian mall michigan central michigan united states retrieved from https en.wikipedia.org w index.php title michigan state university federal credit union & oldid 739077282 categories banks established in 1937credit unions based in michiganmichigan state