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3777 West Rd
East Lansing, MI 48823-8029

Michigan State University Credit Union is headquartered in East Lansing and is the 3rd largest credit union in the state of Michigan. It is also the 53rd largest credit union in the nation. It was established in 1979 and as of March of 2014, it had grown to 526 employees and 183,428 members. Michigan State University Credit Union has a A+ health rating.

Field of Membership Restrictions

Must be a faculty, staff or student of MSU or Oakland University or be an employee or member of select groups and associations. - See Details

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5-Year and 4-Year Promotional Certificates at MSUFCU - Easy Membership - 11/19/2013

Michigan State University Federal Credit Union has promotional rates on its 5-year and 4-year CDs and IRA CDs. The Jumbo 5-year CD is an especially good deal with a 2.11% APY. The Jumbo 4-year CD has ...

Reviews (3)


I have had an account with MSUFCU for 9 years, including a credit card account with very reasonable interest rates. At one point a fraudulent charge showed up on the credit card and I contacted MSUFCU. They immediately removed the charge and I had a new card with new number in 3 days. I was also recently trying to obtain quotes for personal lines of credit, and MSUFCU's website was one of the few websites among many that made this easy. Also well-designed and understandable is the web-site, with ability to essentially never have to physically visit the bank. Would absolutely recommend.

Changed My Mind!

Walked into the Credit Union during my first week of my freshman year to only be treated with no respect like I was a 6 year old boy. That was the beginning to my problems then later turned into random charges that have taken months at a time to get back, to having NO ATM within my 1 mile radius of my apartment which is less than 1.5 miles away from campus. Every time I walk into the store there is only 1-2 people working and it has a bad, puke like, smell to it.

MSU Federal Credit Union

I have both a checking account and visa account, and have had my mortgage and auto loan through the MSU FCU, and for each of these accounts, have had superlative customer service. The fees and interest are very reasonable and competitive compared to other local banks. The credit union has several branch locations around the Lansing MI area, and the hours are great - it is one of the few banks I've ever heard of open on Saturdays! Completely recommend to new folks arriving in the area, or to people looking to switch banks.


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Michigan State University Credit Union had $11.41 million in non-current loans and owned real-estate with $287.42 million in equity and loan loss allowances on hand to cover it. This gives Michigan State University Credit Union a Texas Ratio of 3.97% 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 decreased slightly from 4.70% as of March 31, 2013 to 3.97% as of March 31, 2014, resulting in a positive change of 15.46%.This indicates that the balance sheet and financial strength for Michigan State University Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, Michigan State University Credit Union has increased its total deposits by $173.38 million, resulting in 8.17% 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.



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 $2.62 billion in assets with $287.42 million in equity, resulting in a capitalization level of 10.96%, which is above average.

Institution Statistics

NCUA #23279
Year Chartered1979
Primary Regulator
Assets and Liabilities
Assets$2.62 billion
Loans$1.59 billion
Deposits$2.30 billion
Equity Capital$271.91 million
Loan Loss Allowance$15.51 million
Unbacked Noncurrent Loans$9.85 million
Real Estate Owned$1.57 million
Historic Data - March 2013
Assets$2.44 billion
Equity Capital$252.65 million
Loan Loss Allowance$17.77 million
Unbacked Noncurrent Loans$9.85 million
Real Estate Owned$389,000
Profit Margin - Quarterly
Net Interest Margin1.17%
Return on Assets1.07%
Return on Equity10.28%
Interest Income$23.40 million
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Michigan State University Credit Union Savings Account Rates

0.25%$50k-Insured Money Management HSA
0.20%$100k-Business Sweep
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

0.25%$50k-Insured Money Management Account
0.25%$50k-Insured Money Management IRA
0.20%$50k-Money Market Checking
0.20%$50k-Business IMMA
0.15%$50k-Money Market Business Checking

Michigan State University Credit Union CD Rates

2.10%$100k-5 Year Jumbo CD Promo
2.10%$100k-5 Year Jumbo HSA Promo
1.85%$100k-5 Year Jumbo CD
1.85%$100k-5 Year Jumbo HSA
1.85%$500-5 Year CD Promo
1.85%$500-5 Year HSA Promo
1.75%$100k-4 Year Jumbo CD Promo
1.75%$100k-48-59 Month Jumbo HSA Promo
1.60%$500-5 Year CD
1.60%$500-5 Year HSA
1.50%$100k-4 Year Jumbo CD
1.50%$100k-48-59 Month Jumbo HSA
1.50%$500-4 Year CD Promo
1.50%$500-48-59 Month HSA Promo
1.50%$100k-3 Year Jumbo CD Promo
1.50%$100k-36-47 Month Jumbo HSA Promo
1.25%$500-4 Year CD
1.25%$100k-3 Year Jumbo CD
1.25%$100k-36-47 Month Jumbo HSA
1.25%$500-48-59 Month HSA
1.25%$500-3 Year CD Promo
1.25%$500-36-47 Month HSA Promo
1.10%$100k-2 Year Jumbo CD Promo
1.10%$100k-24-35 Month Jumbo HSA Promo
1.00%$500-3 Year CD
1.00%$500-36-47 Month HSA
0.85%$100k-2 Year Jumbo CD
0.85%$100k-24-35 Month Jumbo HSA
0.85%$500-2 Year CD Promo
0.85%$500-24-35 Month HSA Promo
0.60%$500-2 Year CD
0.60%$500-24-35 Month HSA
0.50%$50-1 Year Add-On CD
0.50%$500-13-23 Month CD
0.50%$50-1 Year Add-On HSA
0.50%$500-13-23 Month HSA
0.30%$500-6 Month CD
0.30%$500-6-11 Month HSA
0.20%$500-3 Month CD
0.20%$500-3-5 Month HSA

Michigan State University Credit Union IRA Rates

2.10%$100k-5 Year Jumbo IRA Promo
1.85%$100k-5 Year Jumbo IRA
1.85%$500-5 Year IRA Promo
1.75%$100k-48-59 Month Jumbo IRA Promo
1.60%$500-5 Year IRA
1.50%$100k-48-59 Month Jumbo IRA
1.50%$500-48-59 Month IRA Promo
1.50%$100k-3 Year Jumbo IRA Promo
1.25%$500-48-59 Month IRA
1.25%$100k-36-47 Month Jumbo IRA
1.25%$500-3 Year IRA Promo
1.10%$100k-2 Year Jumbo IRA Promo
1.00%$500-36-47 Month IRA
0.85%$100k-24-35 Month Jumbo IRA
0.85%$500-2 Year IRA Promo
0.60%$500-24-35 Month IRA
0.50%$50-1 Year Add-On IRA
0.50%$500-13-23 Month IRA
0.30%$500-6-11 Month IRA
0.20%$500-3-5 Month IRA

Michigan State University Credit Union has 11 locations. Click to view all Michigan State University Credit Union locations.