Michigan State University Credit Union

Michigan State University Credit Union Locations

3777 West Road
East Lansing, MI 48823
800-MSU-4-YOU (800-678-4968)
www.msufcu.org

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Michigan State University Credit Union is headquartered in East Lansing and is the 3^rd largest credit union in the state of Michigan. It is also the 55^th largest credit union in the nation. It was established in 1979 and as of December of 2012, it had grown to 460 employees and 169,020 members. Michigan State University Credit Union's savings rates are 3X the national average, and it boasts a 5-star health rating.

World's Largest University-Based Credit Union To Get Larger 4/1/13 (Forum) - 2/22/2013

From CU Times: ... MSU Federal Credit Union is the world’s largest university-based credit union and is about to get larger. A merger of the $32.8 million Eaton County Educational Credit Union in Charlotte, Mich., into the $2.3 billion MSU Fed

Competitive CD Rates at Michigan State University FCU - Easy Membership - 4/4/2012

When you see a new branch at a bank or credit union, you may want to check to see if they're offering any promotions. Sometimes you can get a good CD deal. That's the case for Michigan State Universit ...

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See Rates for: Savings | Money Market | CD | IRA

Michigan State University Credit Union Savings Account Rates

Apy	Min	Max	Product
1.80%	$100k	-	5 Year Jumbo HSA
1.55%	$500	-	5 Year HSA
1.50%	$100k	-	4 Year Jumbo HSA
1.25%	$100k	-	3 Year Jumbo HSA
1.25%	$500	-	4 Year HSA
1.00%	$500	-	3 Year HSA
0.95%	$100k	-	2 Year Jumbo HSA
0.70%	$500	-	2 Year HSA
0.50%	$50	-	1 Year Add-On HSA
0.50%	$500	-	13-23 Month HSA
0.30%	$500	-	6 Month HSA
0.20%	$100k	-	Business Sweep
0.20%	$500	-	3 Month HSA
0.10%	-	-	Spartan Saver
0.10%	-	-	Holiday Club
0.10%	-	-	Vacation Club
0.10%	-	-	Business Spartan Saver

Michigan State University Credit Union Money Market Rates

Apy	Min	Max	Product
0.30%	$100k	-	Insured Money Management Account
0.30%	$100k	-	Insured Money Management IRA
0.30%	$100k	-	Insured Money Management HSA
0.25%	$100k	-	Business IMMA
0.20%	$50k	-	Money Market Checking
0.15%	$50k	-	Money Market Business Checking

Michigan State University Credit Union CD Rates

Apy	Min	Max	Product
1.80%	$100k	-	5 Year Jumbo CD
1.55%	$500	-	5 Year CD
1.50%	$100k	-	4 Year Jumbo CD
1.25%	$500	-	4 Year CD
1.25%	$100k	-	3 Year Jumbo CD
1.00%	$500	-	3 Year CD
0.95%	$100k	-	2 Year Jumbo CD
0.70%	$500	-	2 Year CD
0.50%	$50	-	1 Year Add-On CD
0.50%	$500	-	13-23 Month CD
0.30%	$500	-	6 Month CD
0.20%	$500	-	3 Month CD

Michigan State University Credit Union IRA Rates

Apy	Min	Max	Product
1.80%	$100k	-	5 Year Jumbo IRA
1.55%	$500	-	5 Year IRA
1.50%	$100k	-	4 Year Jumbo IRA
1.25%	$500	-	4 Year IRA
1.25%	$100k	-	3 Year Jumbo IRA
1.00%	$500	-	3 Year IRA
0.95%	$100k	-	2 Year Jumbo IRA
0.70%	$500	-	2 Year IRA
0.50%	$50	-	1 Year Add-On IRA
0.50%	$500	-	13-23 Month IRA
0.30%	$500	-	6 Month IRA
0.20%	$500	-	3 Month IRA

Rates updated: 5/25/2013

Data for Q4 2012

Institution Statistics

MICHIGAN STATE UNIVERSITY
NCUA #	23279
BankRate Report	View
Year Chartered	1979
Employees	460
Primary Regulator
Assets and Liabilities
Assets	$2.34 billion
Loans	$1.34 billion
Deposits	$2.03 billion
Equity Capital	$249.35 million
Loan Loss Allowance	$19.42 million
Unbacked Noncurrent Loans	$18.31 million
Real Estate Owned	$741,000
Historic Data - December 2011
Assets	$2.14 billion
Equity Capital	$231.03 million
Loan Loss Allowance	$20.40 million
Unbacked Noncurrent Loans	$17.70 million
Real Estate Owned	$586,000
Profit Margin - Quarterly
Net Interest Margin	4.7%
Return on Assets	0.88%
Return on Equity	8.27%
Interest Income	$82.40 million
Non-Interest Income	$26.00 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Michigan State University Credit Union had $19.05 million in non-current loans and owned real-estate with $268.77 million in equity and loan loss allowances on hand to cover it. This gives Michigan State University Credit Union a Texas Ratio of 7.09% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Michigan State University Credit Union held steady from 7.27% as of December 31, 2011 to 7.09% as of December 31, 2012, resulting in a positive change of 2.52%.This indicates that the balance sheet and financial strength for Michigan State University Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Michigan State University Credit Union has increased its total deposits by $184.6 million, resulting in 10.01% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Michigan State University Credit Union has shown is excellent.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Michigan State University Credit Union has $2.34 billion in assets with $268.77 million in equity, resulting in a capitalization level of 11.46%, which is above average.

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Michigan State University Credit Union

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