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Michigan State University Credit Union

Overview
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Michigan State University Credit Union is a federal credit union based in East Lansing, Michigan. It has been opened since 1979, for 41 years.

With around $4,229,820,000 in assets, Michigan State University Credit Union is considered to be a very large credit union. It has 20 branches and 20 ATM locations.

About
Address 3777 West Road
East Lansing, Michigan 48823
Website http://www.msufcu.org
Phone (517) 333-2424
Fax (517) 664-6953
CEO April Clobes
President of the Board William Beekman
Services Offered
Map
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Score Card
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41 years
Years in business
Opened in 1979
Well Capitalized
Net worth classification
Source: NCUA
269,344 members
Membership type: Multiple common bond – primary educational
Above average number of members
324:1
Credit union member to staff ratio
324 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
$4,229,818,147
Total assets
Above average
20 branches
Compared with an average of 4 nationally and 4 in Michigan
Above average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
8.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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20 branches
Compared with an average of 4 nationally and 4 in Michigan
Above average number of branches
Michigan State University Credit Union Branch Locations

Michigan State University Credit Union: Oucu - Oakland Center Branch
Oakland Center, Suite 148
312 Meadow Brook Road
Rochester, Michigan 48309
No ATM
Michigan State University Credit Union: Msufcu - East Lansing Branch
523 E. Grand River Avenue
East Lansing, Michigan 48823
ATM Available
Michigan State University Credit Union: Msufcu - Mason Branch
1140 S. Jefferson Street
Mason, Michigan 48854
ATM Available
Michigan State University Credit Union: Msufcu - Sparrow Branch
1200 E. Michigan Avenue Suite 300
Lansing, Michigan 48912
ATM Available
Michigan State University Credit Union: Msufcu - Farm Lane Branch
4825 E. Mount Hope Road
East Lansing, Michigan 48823
ATM Available
Michigan State University Credit Union: Msufcu - Union Building
49 Abbot Road Rm 108
Msu Federal Credit Union
East Lansing, Michigan 48824
ATM Available
Michigan State University Credit Union: Oucu - Auburn Hills Branch
3265 Five Points Drive
Auburn Hills, Michigan 48326
ATM Available
Michigan State University Credit Union: Msufcu - Monroe Center Branch
86 Monroe Center Street NW
Grand Rapids, Michigan 49503
ATM Available
Members
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269,344 members
Membership type: Multiple common bond – primary educational
Above average number of members

With 269,344 members, the Michigan State University Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 99% of credit unions.

Fees
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$49
Average fee per member
The average fee per member at the Michigan State University Credit Union is $49, which is comparable to most credit unions. This rate is lower than 50% of all credit unions.
Fees are average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Michigan State University Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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324:1
Credit union member to staff ratio
324 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
832 staff members
FTE (full-time equivalent)
10% of employees are part-time
789 full-time, 87 part-time

Michigan State University Credit Union has 789 full-time staff members and 87 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 90% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Michigan State University Credit Union has around 324 members per staff, a low ratio compared to other credit unions. This is a well staffed credit union.

Assets
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$4,229,818,147
Total assets
Above average
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
10.8%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$16,007
Average loan and lease size
Loan & lease sizes are big! They are bigger than at 83% of credit unions.

Michigan State University Credit Union holds a total of $3,354,300,000 in loans and leases, which is about $16,007 per member on average.

Savings interest rate
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0.10%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Michigan State University Credit Union pays 0.10%.

Loan rates
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8.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
8.95%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
5.89%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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4.09%
New car loan rate
Compared to 4.0% nationally
3.79%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.25%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.75%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
5.16%
Other real estate loan rates
Compared to 0.9% nationally