Michigan State University Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 3.00% | 5-year CD | 2.27% - National Average |
| 3.00% | 5-year IRA | 2.28% - National Average |
| 2.25% | 1-year CD | 1.37% - National Average |
Michigan State University Federal Credit Union is headquartered in East Lansing and is the 3rd largest credit union in the state of Michigan. It is also the 46th largest credit union in the nation. It was established in 1979 and as of December of 2018, it had grown to 789 employees and 269,344 members at 18 locations. Michigan State University Federal Credit Union's money market rates are 5X the national average, and it has an A health rating.
Field of Membership Restrictions
Membership in MSU Federal Credit Union is open to anyone through membership in the Michigan United Conservation Clubs ($30 yearly membership fee). Anyone may join the MUCC as a member and then join the credit union. Membership is also open to faculty, staff or students of Michigan State University or Oakland University or be an employee or member of select groups and associations, or an employee of the state of Michigan. (A comprehensive list of SEGs is posted on the credit union's website)
See current membership details
Related Posts
Amazing member service!
Many years ago I traveled to Key West with a few friends. As I was leaving an establishment, I was handed the debit card from someone else -- and it appeared that the establishment gave my card to the wrong person. I immediately called MSUFCU and explained the situation. They cancelled the charge from the establishment and had a new card on it's way to me, no questions asked. The card arrived the next day by noon, hand delivered by FedEx. I was taken aback at how quickly the credit union took action and solved the situation. What could have turned out horrible was handled perfectly! Even though I have moved from Michigan to Chicago, I stay with MSUFCU and will not change to a local credit union or nationwide bank. The member service staff at MSUFCU are unparalleled in their work and have secured me as a member for life.
A credit union I would recommend to anyone!
I have done all my backing with the MSU Federal Credit Union for over 25 years, and I would recommend them to anyone! Having direct deposit of my paycheck to the MSU FCU was easy to set up and maintain. Using their checking and savings accounts has been the easiest of any bank I've ever worked with, and their customer support is outstanding. Their web access to accounts has continued to improve over the years, and I do the majority of my banking now either via their web site or the mobile app. When the time came to set up an account for my son, their children's savings account was easy to set up, and fun for my son to learn about. Programs they set up to encourage saving in children have worked well with my son, especially their Dollar Dog program. Kids earn Dollar Dog tokens every time they deposit into savings, and can then redeem the tokens for prizes! Finally, using their savings CDs has been easy, both in setup, and in rolling them over should I wish to renew the CD without cashing it out and paying a tax penalty. Overall, I've had nothing but positive experiences, and have trusted MSU FCU with my last two car loans, and my current mortgage. I highly recommend them.
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.
A+ Credit Union
I began banking with MSUFCU a few years ago and have been very pleased with the experience. I had previously done my banking with a large national bank and I hated it. The bank had rude and unhelpful employees, hidden fees and terrible customer service. MSUFCU has been wonderful. I have a savings account there and it did not require a large amount of money to set up. There are many convenient atms across my state that I can use to deposit money into my savings account. When I have gone into branch offices to deposit money, the staff has been very friendly and helpful. I do not have a lot of money in my savings account but the staff always treats me like a valued customer. I would definitely recommend starting an account with this credit union and putting your savings there. I also have a checking account with this institution and would recommend it. I have not had any trouble with unexpected fees on this account, which I did have trouble with at my old bank. They will not charge you for having too little money and they will actually listen to your concerns if you call for customer service.
MSUFCU is the place to be
I would strong recomend MSUFCU anyone looking to get started with their finances and build credit. My experience with MSUFCU has been more than positive and their fees are next to nothing. The service is always prompt and pleasure to do business with them
MSUFCU - SOLID ALL AROUND
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.
Not Trustworthy, Won't Honor Their Own Printed Policies
Won't honor their own printed policies, that are clearly spelled out in writing. Not worth the time for me to start an NCUA case against them, instead I went elsewhere. They may offer what seem like good deals, but you might want to avoid a place that doesn't follow their own clearly-stated policies. Went as high as I could go, then went elsewhere. Never seen anything like this before. Up to you, but you might want to look around for other options before trusting MSUFCU with your money.
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 23279 |
| Year Chartered | 1979 |
| Employees | 789 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.09% |
| Return on Equity - YTD | 10.32% |
| Annual Interest Income | $161.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $4.23B$3.85B |
| Loans | Q4 2018vs Q4 2017 | $3.35B$3.00B |
| Deposits | Q4 2018vs Q4 2017 | $3.48B$3.18B |
| Equity Capital | Q4 2018vs Q4 2017 | $441.2MM$397.8MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $19.9MM$20.0MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $13.5MM$12.6MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $456.00K$187.00K |
This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.
Assorted Deals At Michigan State University FCU
Valid through 12/28
Rate sheet at: https://www.msufcu.org/rates/certificate_and_ira/
Always verify rates and promotions with the bank or credit union. We are not Michigan State University Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Michigan State University Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.90%* | $1m* | - | Business Sweep | ||
| OTHER TIERS: 0.70% → $2k - $50k | 0.75% → $50k - $100k | 0.80% → $100k - $1m | |||||
| 0.10% | - | - | Spartan Saver | ||
| 0.10% | - | - | Holiday Club | ||
| 0.10% | - | - | Vacation Club | ||
| 0.10% | - | - | Business Spartan Saver | ||
Michigan State University Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.30%* | $5m* | - | Insured Money Management Account | ||
| OTHER TIERS: 0.95% → $2k - $10k | 1.00% → $10k - $50k | 1.05% → $50k - $100k | 1.15% → $100k - $500k | 1.20% → $500k - $1m | 1.40% → $1m - $2m | 1.50% → $2m - $5m | |||||
| 2.30%* | $5m* | - | Business IMMA | ||
| OTHER TIERS: 0.95% → $2k - $10k | 1.00% → $10k - $50k | 1.05% → $50k - $100k | 1.15% → $100k - $500k | 1.20% → $500k - $1m | 1.40% → $1m - $2m | 1.50% → $2m - $5m | |||||
| 2.30%* | $5m* | - | IRA Insured Money Management Account | ||
| OTHER TIERS: 0.95% → $50 - $10k | 1.00% → $10k - $50k | 1.05% → $50k - $100k | 1.15% → $100k - $500k | 1.20% → $500k - $1m | 1.40% → $1m - $2m | 1.50% → $2m - $5m | |||||
| 2.30%* | $5m* | - | HSA Insured Money Management Account | ||
| OTHER TIERS: 0.95% → $50 - $10k | 1.00% → $10k - $50k | 1.05% → $50k - $100k | 1.15% → $100k - $500k | 1.20% → $500k - $1m | 1.40% → $1m - $2m | 1.50% → $2m - $5m | |||||
| 0.55%* | $100k* | - | Money Market Checking | ||
| OTHER TIERS: 0.40% → $2k - $10k | 0.45% → $10k - $50k | 0.50% → $50k - $100k | |||||
| 0.55%* | $100k* | - | Money Market Business Checking | ||
| OTHER TIERS: 0.45% → $25k - $50k | 0.50% → $50k - $100k | |||||
Michigan State University Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 3.26% | $100k | - | 5 Year Jumbo CD | |
| 3.26% | $100k | - | 5 Year Jumbo HSA | |
| 3.06% | $100k | - | 4 Year Jumbo CD | |
| 3.06% | $100k | - | 4 Year Jumbo HSA | |
| 3.00% | $500 | - | 5 Year CD | |
| 3.00% | $500 | - | 5 Year HSA | |
| 2.96% | $100k | - | 3 Year Jumbo CD | |
| 2.96% | $100k | - | 3 Year Jumbo HSA | |
| 2.80% | $500 | - | 4 Year CD | |
| 2.80% | $500 | - | 4 Year HSA | |
| 2.76% | $100k | - | 2 Year Jumbo CD | |
| 2.76% | $100k | - | 2 Year Jumbo HSA | |
| 2.70% | $500 | - | 3 Year CD | |
| 2.70% | $500 | - | 3 Year HSA | |
| 2.51% | $100k | - | 13-23 Month Jumbo CD | |
| 2.51% | $100k | - | 1 Year Add-On Jumbo CD | |
| 2.51% | $100k | - | 13-23 Month Jumbo HSA | |
| 2.51% | $100k | - | 1 Year Add-On Jumbo HSA | |
| 2.50% | $500 | - | 2 Year CD | |
| 2.50% | $500 | - | 2 Year HSA | |
| 2.25% | $50 | - | 1 Year Add-On CD | |
| 2.25% | $500 | - | 13-23 Month CD | |
| 2.25% | $50 | - | 1 Year Add-On HSA | |
| 2.25% | $500 | - | 13-23 Month HSA | |
| 2.15% | $100k | - | 6 Month Jumbo CD | |
| 2.15% | $100k | - | 6 Month Jumbo HSA | |
| 1.90% | $500 | - | 6 Month CD | |
| 1.90% | $500 | - | 6 Month HSA | |
| 1.65% | $100k | - | 3 Month Jumbo CD | |
| 1.65% | $100k | - | 3 Month Jumbo HSA | |
| 1.40% | $500 | - | 3 Month CD | |
| 1.40% | $500 | - | 3 Month HSA |
Michigan State University Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 3.26% | $100k | - | 5 Year Jumbo IRA | |
| 3.06% | $100k | - | 4 Year Jumbo IRA | |
| 3.00% | $500 | - | 5 Year IRA | |
| 2.96% | $100k | - | 3 Year Jumbo IRA | |
| 2.80% | $500 | - | 4 Year IRA | |
| 2.76% | $100k | - | 2 Year Jumbo IRA | |
| 2.70% | $500 | - | 3 Year IRA | |
| 2.51% | $100k | - | 13-23 Month Jumbo IRA | |
| 2.51% | $100k | - | 1 Year Add-On Jumbo IRA | |
| 2.50% | $500 | - | 2 Year IRA | |
| 2.25% | $50 | - | 1 Year Add-On IRA | |
| 2.25% | $500 | - | 13-23 Month IRA | |
| 2.15% | $100k | - | 6 Month Jumbo IRA | |
| 1.90% | $500 | - | 6 Month IRA | |
| 1.65% | $100k | - | 3 Month Jumbo IRA | |
| 1.40% | $500 | - | 3 Month IRA |
