Michigan State University Federal Credit Union
Headquarters
3777 West Rd
East Lansing, MI 48823
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Phone 1-517-333-2424
2024 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 $7685.87 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 / Federally Chartered |
| Charter Number # | # 23279 |
| Date Established | 1979 |
| Assets | $7,685.87 million |
| Loans | $6,092.34 million |
| Deposits | $6,225.29 million |
| Capital | $705.70 million |
Field of Membership Restrictions
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.
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.
Registered Student Organization (RSO) accounts are available for groups associated with MSU.
Deposit Rates - April 20, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| SAV
|
0.05% | $0 | - |
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|
Money Market
|
1.25% | $2,000 | $9,999 |
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|
Money Market
|
1.25% | $10,000 | $24,999 |
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|
|
Money Market
|
1.65% | $25,000 | $49,999 |
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|
|
Money Market
|
1.70% | $50,000 | $99,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
4.15% | $500 | - |
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|
| 6 Mo CD
|
4.40% | $100,000 | - |
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|
| 12 Mo CD
|
4.25% | $50 | - |
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|
| 12 Mo CD
|
4.50% | $100,000 | - |
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|
| 13 Mo CD
|
4.25% | $500 | - |
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|
| 13 Mo CD
|
4.50% | $100,000 | - |
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|
| 18 Month
|
4.47% | $500 | - |
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|
| 18 Month Jumbo
|
4.72% | $100,000 | - |
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|
| 24 Mo CD
|
4.30% | $500 | - |
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|
| 24 Mo CD
|
4.80% | $100,000 | - |
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|
| 36 Mo CD
|
4.05% | $500 | - |
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|
| 36 Mo CD
|
4.55% | $100,000 | - |
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|
| 48 Mo CD
|
3.85% | $500 | - |
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|
| 4 Year Jumbo
|
4.35% | $100,000 | - |
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|
| 60 Mo CD
|
3.85% | $500 | - |
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|
| 60 Mo CD
|
4.35% | $100,000 | - |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| INTCK
|
1.25% | $2,000 | - | Learn More |
Loan Rates - April 20, 2024
Your Current Location: Ohio, OH 43085
| Home Equity Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| Line of Credit See Table |
5.50% | 5.50% | Varies | |
Compare with 7.49 RATE Line of Credit from Third Federal Savings and Loan
See All Home Equity Rates |
||||
| 10 Year Loan
See Table |
5.40% | 5.40% | $1,080.31 | |
| 15 Year Loan
See Table |
5.60% | 5.60% | $822.40 | |
| 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 See Amortization Table |
6.79% | 6.75% | $2,831.71 | |
| 15 Year Fixed Conforming See Amortization Table |
6.85% | 6.75% | $2,831.71 | |
| 20 Year Fixed Jumbo See Amortization Table |
7.16% | 7.13% | $2,505.02 | |
| 20 Year Fixed Conforming See Amortization Table |
7.20% | 7.13% | $2,505.02 | |
| 30 Year Fixed Jumbo See Amortization Table |
7.40% | 7.38% | $2,210.16 | |
| 30 Year Fixed Conforming See Amortization Table |
7.43% | 7.38% | $2,210.16 |
| Purchase Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 15 Year Fixed Jumbo See Amortization Table |
6.79% | 6.75% | $2,831.71 | |
| 15 Year Fixed Conforming See Amortization Table |
6.85% | 6.75% | $2,831.71 | |
| 20 Year Fixed Jumbo See Amortization Table |
7.16% | 7.13% | $2,505.02 | |
| 20 Year Fixed Conforming See Amortization Table |
7.20% | 7.13% | $2,505.02 | |
| 30 Year Fixed Jumbo See Amortization Table |
7.40% | 7.38% | $2,210.16 | |
Compare with 6.818% APR and 6.625% 30-Year Fixed RATE from PenFed Credit Union
See All Mortgage Rates |
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| 30 Year Fixed Conforming See Amortization Table |
7.43% | 7.38% | $2,210.16 | |
|
Compare with 6.818% APR and 6.625% 30-Year Fixed RATE from PenFed Credit Union
See All Mortgage Rates |
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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:
Columbus,Ohio
Climate Policy and Initiatives
MICHIGAN STATE UNIVERSITY is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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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 |
|---|---|
| 6.51% | 6.97 |
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 December 31, 2023, Michigan State University had $47,501,031 in non-current loans and $329,803 in owned assets. To cover these potential losses it had $705,698,865 in net worth and $29,032,855 in loans loss reserves. That gives it a Texas Ratio of 6.51%.
Net Worth
| Michigan State University | U.S. Average |
|---|---|
| 9.18% | 13.62% |
Michigan State University FCU has a net worth of 9.18% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Michigan State University
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