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 45th largest credit union in the nation. It was established in 1979 and as of March of 2024, it had grown to 1,337 employees and 358,797 members at 25 locations. Michigan State University Federal Credit Union's savings rates are 10X the national average, and it has a B+ 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

They Really Care About You!

I've been using MSUFCU for many years and had accounts with other places during this time. When you walk in you get a smile and a "how can I help you?". They don't try to sell you junk. Their rates are not always the best, but when not the best, very close to the best. Lose your ATM card? They make a new one in front of you and hand it to you for free. Their web banking is solid, and their app works well. The best thing I can say is they really do try to help. You're not just a number or a dollar sign.

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.

Warning Please Read.

Hello msufcu users. I ant to tell you why I would not give any rating. I was embezzled by an employee who banked with MSUFCU. she deposited hundreds of thousands of dollars into her account at MSUFCU that were all third party checks out of my business account from another bank. She wrote checks with other employees names on them for thousands of dollars at a time no employee has an account with MSUFCU. So if anyone has access to you checking accounts they can make it out to anyone and deposit it in there MSUFCU account. She did this for a number of years the credit union never asked for ID or checked to see if the checks that were deposited in a night deposit box. Meanwhile I have prosecuted the employee and she pleaded guilty and is in jail. But that didn’t help my financial situation. I lost my business and my credit and all my personal assets to pay attorneys fees and forensic accountants to gather evidence for years of embezzling and depositing money from my bank to MSUFCU. THE BANK uses my money for there own good and pay her interest on my money. I have nothing now on social security. I’m 70 years old lol no and have ad health mainly from this horrible situation. Why didn’t the MSUFCU catch any of this over the years??????



Health Grade Components

NCUA #23279
Year Chartered1979
Primary Regulator
Profit Margin
Return on Assets - YTD-0.12%
Return on Equity - YTD-1.35%
Annual Interest Income$94.7MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$7.8B$7.45B
LoansQ1 2024vs Q1 2023$6.03B$5.71B
DepositsQ1 2024vs Q1 2023$6.34B$6.19B
Equity CapitalQ1 2024vs Q1 2023$667.6MM$665.2MM
Loan Loss AllowanceQ1 2024vs Q1 2023$40.4MM$36.5MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$38.7MM$23.7MM
Real Estate OwnedQ1 2024vs Q1 2023$242K$203K
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* 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

5.25%*$0$1kSavings Builder
OTHER TIERS: 1.30% $2k+ | 3.74% $1k - $2k
1.45%*$1m*-Business Sweep
OTHER TIERS: 1.35% $2k - $100k | 1.40% $100k - $1m
0.05%$0-Spartan Saver
0.05%$0-Holiday Club
0.05%$0-Vacation Club
0.05%$0-Business Spartan Saver

Michigan State University Federal Credit Union Money Market Rates

4.00%*$1m*-Business IMMA
OTHER TIERS: 1.30% $2k - $25k | 1.70% $25k - $50k | 1.75% $50k - $100k | 2.30% $100k - $500k | 3.00% $500k - $1m
2.40%*$500k*-Insured Money Management Account
OTHER TIERS: 1.30% $2k - $25k | 1.70% $25k - $50k | 1.75% $50k - $100k | 2.35% $100k - $500k
2.40%*$500k*-IRA Insured Money Management Account
OTHER TIERS: 1.30% $50 - $25k | 1.70% $25k - $50k | 1.75% $50k - $100k | 2.35% $100k - $500k
2.40%*$500k*-HSA Insured Money Management Account
OTHER TIERS: 1.30% $50 - $25k | 1.70% $25k - $50k | 1.75% $50k - $100k | 2.35% $100k - $500k
1.50%*$50k*-Money Market Checking
OTHER TIERS: 1.25% $2k - $50k
1.50%*$50k*-Money Market Business Checking
OTHER TIERS: 1.25% $25k - $50k

Michigan State University Federal Credit Union CD Rates

4.50%$100k-1 Year Add-On Jumbo CD
4.50%$100k-1 Year Add-On Jumbo HSA
4.40%$100k-6 Month Jumbo CD
4.40%$100k-6 Month Jumbo HSA
4.35%$100k-18 Month Jumbo CD
4.35%$100k-18 Month Jumbo HSA
4.25%$50-1 Year Add-On CD
4.25%$100k-2 Year Jumbo CD
4.25%$50-1 Year Add-On HSA
4.25%$100k-2 Year Jumbo HSA
4.15%$500-6 Month CD
4.15%$500-6 Month HSA
4.10%$500-18 Month CD
4.10%$500$100k18 Month HSA
4.00%$100k-3 Year Jumbo CD
4.00%$500-2 Year HSA
4.00%$100k-3 Year Jumbo HSA
4.00%$500-2 Year CD Special
3.95%$100k-4 Year Jumbo CD
3.95%$100k-5 Year Jumbo CD
3.95%$100k-4 Year Jumbo HSA
3.95%$100k-5 Year Jumbo HSA
3.95%$100k-7 Year Jumbo CD
3.75%$500-3 Year HSA
3.75%$500-3 Year CD Special
3.70%$500-4 Year CD
3.70%$500-5 Year CD
3.70%$500-4 Year HSA
3.70%$500-5 Year HSA
3.70%$2.5k-7 Year CD
3.50%$100k-3 Month Jumbo CD
3.50%$100k-3 Month Jumbo HSA
3.25%$500-3 Month CD
3.25%$500-3 Month HSA

Michigan State University Federal Credit Union IRA Rates

4.50%$100k-1 Year Add-On Jumbo IRA
4.40%$100k-6 Month Jumbo IRA
4.35%$100k-18 Month Jumbo IRA
4.25%$50-1 Year Add-On IRA
4.25%$100k-2 Year Jumbo IRA
4.15%$500-6 Month IRA
4.10%$500-18 Month IRA
4.00%$100k-3 Year Jumbo IRA
4.00%$500-2 Year IRA Special
3.95%$100k-4 Year Jumbo IRA
3.95%$100k-5 Year Jumbo IRA
3.95%$100k-7 Year Jumbo IRA
3.75%$500-3 Year IRA Special
3.70%$500-4 Year IRA
3.70%$500-5 Year IRA
3.70%$2.5k-7 Year IRA
3.50%$100k-3 Month Jumbo IRA
3.25%$500-3 Month IRA


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