MSUFCU Reaches Milestone: $3 Billion in Assets
Tuesday, February 02, 2016
Posted by: Eric Dimoff
MSUFCU is excited to announce that it has reached $3 billion in assets as of year end
2015. MSUFCU reached $2 billion in assets in 2011. This milestone comes with significant loan, member, and facility growth throughout the last several years.
In 2015, the Credit Union reached $2 billion in loans and 208,000 members. Additionally, it celebrated the ground breaking of its second building on the headquarters campus and the opening of its 15th branch. Last year, the Credit Union also announced its plans to open an intern center, the Financial Innovation and Education Center, in East Lansing near MSU’s campus. The opening is planned for April 2016.
“Thanks to the incredible efforts of our employees, the Credit Union saw tremendous growth and innovation in 2015,” said April Clobes, MSUFCU’s President and Chief Executive Officer. “We look forward to an outstanding 2016 as we grow beyond $3 billion in assets and will soon reach 700 employees. We have exciting projects planned to fulfill our mission of helping our members be financially successful and achieve their goals and dreams.”
MSU Federal Credit Union, the world’s largest university-based credit union, offers a full range of personal — and business-related — financial services to Michigan State University and Oakland University faculty, staff, students, alumni association members, and their families worldwide in addition to a variety of select employee groups. Founded in 1937 by a few MSU professors and employees, MSUFCU has 15 branches, over 208,000 members, more than $3 billion in assets, and over 650 employees. In 2015, MSUFCU was named as one of the Nation’s Best and Brightest Companies to Work For and one of the Nation’s Best and Brightest in Wellness by the National Association for Business Resources, and was listed as the fifth top employer in the large-employer category in the 2015 Top Workplaces list by the Detroit Free Press.