Michigan State University Federal Credit Union

Overview / Commentary
3777 West Rd
East Lansing, MI 48823

Michigan State University Federal Credit Union is headquartered in East Lansing and is the 2nd largest credit union in the state of Michigan. It is also the 44th largest credit union in the nation. It was established in 1979 and as of September of 2022, it had grown to 1,092 employees and 336,117 members at 21 locations. Michigan State University Federal Credit Union has an A health rating.

Field of Membership Restrictions

Membership in Michigan State University Federal Credit Union is open to anyone through a $10 donation to the Desk Drawer Fund (joining MSUFCU and making the $10 donation can be done simultaneously using the MSUFCU's online application). Anyone who lives, works, worships, goes to school, or owns a business in Oakland, Genesee, Lapeer, Livingston, or Macomb Counties in Michigan is also eligible to join. Membership is also open to faculty, staff, or students of Michigan State University. Employees/members of more than 250 Select Employee Groups, including all State of Michigan employees, are also eligible to join.
See current membership details

Related Posts

Michigan State University Fed Credit Union 1-Year CD Is A Rate Leader - 12/2/2022

Michigan State University Federal Credit Union (easy membership) has significantly increased the rate on its 1-year Add-On CD ($50 min) and Jumbo Add-On CD ($100k).

Michigan State Univ Fed Credit Union 7-Year Jumbo CD Is A Rate Leader - 8/26/2022

Michigan State University Federal Credit Union (easy membership) has raised the rate on its 7-year Jumbo CD ($100k min) and CD ($500) to very competitive levels.

Michigan State Univ. FCU Offers Up To 3.76% APY On 7 Year Regular/IRA CD's - 8/23/2022

DA classifies Michigan State University Federal Credit Union as Easy Membership. Rate appears to have been posted by the credit union last Saturday, August 20. Valid through 8/26/2022, according to rate sheet. 3.50% APY, 7-Year Certificate or IRA, Minimum Balance $2,500 3.76% APY, 7-Year Jumbo Certificate or Jumbo IRA, Minimum Balance $100,000 EWP - 365 days dividends based on amount withdrawn If the dividend is not sufficient to cover the penalty, the principal amount will be reduced to cover this amount. The above penalties will not be charged after death of an owner of a Certificate. https://www.msufcu.org/rates/certificate_and_ira/

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Amazing member service!

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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.


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.

Out Of State Beware

The credit union currently has good rates. However, beware if you are NOT a Michigan resident. MSUFCU will put a non-resident through the equivalent of a security investigation. They have incomparable applicant requirements in terms of identification and transfer of funds for non-Michigan customers. It may not be worth the hassle for anyone outside of Michigan.

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.



Health Grade Components

NCUA #23279
Year Chartered1979
Primary Regulator
Profit Margin
Return on Assets - YTD1.34%
Return on Equity - YTD14.14%
Annual Interest Income$172.3MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$6.94B$6.53B
LoansQ3 2022vs Q3 2021$5.37B$4.55B
DepositsQ3 2022vs Q3 2021$5.85B$5.57B
Equity CapitalQ3 2022vs Q3 2021$650.1MM$625.2MM
Loan Loss AllowanceQ3 2022vs Q3 2021$23.8MM$18.4MM
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$18.5MM$8.0MM
Real Estate OwnedQ3 2022vs Q3 2021$0$1.2MM

Rates for Michigan State University Federal Credit Union are currently being reviewed.



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