MICHIGAN STATE UNIVERSITY
3777 West Rd
East Lansing, MI 48823
Phone: 1-517-333-2424
2019 Overview
General Credit Union Information
Michigan State University is an NCUA insured institution located in East Lansing, MI. It was founded in 1979 and has approximately $4499.55 millions in assets.
Who Can Join MSUFCU?
MSU Federal Credit Union provides financial services to the Michigan State University and Oakland University communities and their families, as well as select employee and community groups.
Faculty, staff, and students of MSU or Oakland University and their immediate relatives.
MSU or OU Alumni Association members. Anyone may join the MSU Alumni Association as a friend and then join MSUFCU.
Members of the Michigan United Conservation Clubs (MUCC). Anyone may join the MUCC as a member and then join MSUFCU.
MSU Alumni Association Legacy Program members.
Those who regularly work on the MSU or OU campus who are under the control of the MSU Board of Trustees or the governing body
of Oakland University.
Employees of select groups and associations.
Immediate family members of the above eligible fields (spouse, parent, sibling, grandparent, or child).
Any individual living in the household of the above eligible fields making up an economic unit.
Select employee groups
https://www.msufcu.org/join/who_can_join/?expand=segs#segs
| NCUA Insured | Yes |
| Charter Number # | # 23279 |
| Date Established | 1979 |
| Assets | $4,499.55 million |
| Loans | $3,547.57 million |
| Deposits | $3,727.59 million |
| Capital | $477.12 million |
Field of Membership Restrictions
Deposit Rates - December 13, 2019
Your Current Location: Virginia, VA 20146
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.10% | $1 | - | Learn More |
|
Money Market
|
1.00% | $2,000 | $9,999 | Learn More |
|
Money Market
|
1.00% | $10,000 | $24,999 | Learn More |
|
Money Market
|
1.00% | $25,000 | $49,999 | Learn More |
| Fixed IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
|
|
1.70% | $50 | $99,999 | Learn More |
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
|
|
1.40% | $500 | $99,999 | Learn More |
|
|
1.65% | $500 | $99,999 | Learn More |
|
|
1.70% | $50 | $99,999 | Learn More |
| 12 Mo CD
|
1.95% | $100,000 | - | Learn More |
|
|
1.70% | $500 | $99,999 | Learn More |
|
|
1.80% | $500 | $99,999 | Learn More |
|
|
2.05% | $100,000 | $9,999,999 | Learn More |
| 24 Mo CD
|
2.10% | $100,000 | - | Learn More |
|
|
1.80% | $500 | $99,999 | Learn More |
|
|
1.90% | $500 | $99,999 | Learn More |
|
|
2.15% | $100,000 | $9,999,999 | Learn More |
| 36 Mo CD
|
2.20% | $100,000 | - | Learn More |
|
|
2.05% | $500 | $99,999 | Learn More |
|
|
2.30% | $100,000 | $9,999,999 | Learn More |
| 48 Mo CD
|
2.36% | $100,000 | - | Learn More |
|
|
2.20% | $500 | $99,999 | Learn More |
|
|
2.46% | $100,000 | $9,999,999 | Learn More |
| 60 Mo CD
|
2.51% | $100,000 | - | Learn More |
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
|
|
1.00% | $50 | $9,999 | Learn More |
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
|
|
0.50% | $2,000 | $9,999 | Learn More |
Loan Rates - December 13, 2019
Your Current Location: Virginia, VA 20146
| Home Equity Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| Line of Credit | 5.50% | 5.50% | Varies | |
Compare with 0 RATE Line of Credit from Figure Home Equity Line
See All Home Equity Rates |
||||
| 10 Year Loan | 5.40% | 5.40% | $540.16 | |
| 15 Year Loan | 5.60% | 5.60% | $411.20 | |
| Auto Loan Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 3 Year | 3.25% | 3.25% | $729.79 | |
| 4 Year | 3.39% | 3.39% | $557.68 | |
| 5 Year | 3.49% | 3.49% | $454.68 |
| Refinance Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 15 Year Fixed Jumbo | 3.29% | 3.25% | $1,756.67 | |
| 15 Year Fixed Conforming | 3.35% | 3.25% | $1,756.67 | |
| 20 Year Fixed Jumbo | 3.66% | 3.63% | $1,466.01 | |
| 20 Year Fixed Conforming | 3.70% | 3.63% | $1,466.01 | |
| 30 Year Fixed Jumbo | 3.90% | 3.88% | $1,175.59 | |
| 30 Year Fixed Conforming | 3.93% | 3.88% | $1,175.59 |
| Purchase Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 15 Year Fixed Jumbo | 3.29% | 3.25% | $1,756.67 | |
| 15 Year Fixed Conforming | 3.35% | 3.25% | $1,756.67 | |
| 20 Year Fixed Jumbo | 3.66% | 3.63% | $1,466.01 | |
| 20 Year Fixed Conforming | 3.70% | 3.63% | $1,466.01 | |
| 30 Year Fixed Jumbo | 3.90% | 3.88% | $1,175.59 | |
Compare with 3.625% APR and 3.625% 30-Year Fixed RATE from AimLoan.com
See All Mortgage Rates |
||||
| 30 Year Fixed Conforming | 3.93% | 3.88% | $1,175.59 | |
|
Compare with 3.625% APR and 3.625% 30-Year Fixed RATE from AimLoan.com
See All Mortgage Rates |
||||
Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.
Branches
Below are Michigan State University branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Ashburn,Virginia
Michigan State University Locations
Financial Details
Michigan State University Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Michigan State University. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Michigan State University | U.S. Average |
|---|---|
| 2.57% | 5.86 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of June 30, 2019, Michigan State University had $11,861,302 in non-current loans and $952,832 in owned assets. To cover these potential losses it had $477,116,726 in net worth and $20,529,475 in loans loss reserves. That gives it a Texas Ratio of 2.57%.
Net Worth
| Michigan State University | U.S. Average |
|---|---|
| 10.6% | 13.65% |
Michigan State University FCU has a net worth of 10.6% versus the BestCashCow average of 13.65. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Frequently Asked Questions About Michigan State University
Branches and Savings
What is Michigan State University?
A federal credit union, registered with the NCUA under certificate #23279.
Learn more about credit unions here.
Is Michigan State University FDIC insured?
No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.
Who can join Michigan State University?
Please see Field of Membership information above for information on who is eligible to join.
How big is Michigan State University?
Michigan State University has total capital of $477.12 million. Full information on Michigan State University's financial position is located above.
Who owns Michigan State University?
Credit Unions are owned by their members.
Where are Michigan State University branches located?
See branch locations nearby.
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