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MSU Federal Credit Union history
MSU Federal Credit Union company history timeline
In 1955, the State of Michigan renamed Michigan State College as Michigan State University, and MSCECU adjusted its name to become Michigan State Employees Credit Union.
To better serve members who lived near MSU’s satellite campus in Oakland County, another Credit Union branch was opened there in 1967.
In 1971, the Credit Union relocated its main office across MSU’s campus in East Lansing, Michigan from the Power House Plant to 600 E Crescent Road, as its membership and assets continued to increase.
A branch in Auburn Hills, Michigan was opened in 1973.
The Credit Union was state chartered until 1978 when the NCUA approved the Credit Union's application for federal charter, effectively changing its name to MSU Federal Credit Union.
In 1983, MSUFCU’s Okemos branch was added.
The East Lansing branch was constructed on East Grand River Ave across from MSU’s campus in 1987.
MSUFCU continued to expand by opening a new headquarters building at 3777 West Road in East Lansing in 2008.
In April 2011, MSUFCU expanded into downtown Lansing with a new branch located on Washington Avenue, a convenient location for the many workers of downtown Lansing, including State of Michigan employees.
In March 2012, the third MSU campus branch opened on Mount Hope Road and in September of the same year, another branch was opened on Marsh Road in Haslett, Michigan.
Effective April 2013, MSUFCU merged with former Eaton County Educational Credit Union (ECECU). MSUFCU acquired one branch location in Charlotte, Michigan, from the merger.
And in September 2014, MSUFCU opened a branch in Mason.
In November 2014, the Credit Union announced a new $46 million, 186,350 square-foot building expansion to the existing headquarters campus.
In April 2016, MSUFCU merged with Clarkston Brandon Community Credit Union (CBCCU), headquartered in Clarkston, Michigan, which allowed MSUFCU to add five southeast Michigan counties (Oakland, Genesee, Lapeer, Livingston, and Macomb) to its field of membership.
A branch in downtown Grand Rapids opened in fall 2017, allowing the Credit Union to expand westward.
In April 2019, MSUFCU founded the Desk Drawer Fund, which is a foundation supporting the MSU and OU communities focusing on five philanthropic pillars: arts and culture, stable housing, empowering youth, financial education, and fostering entrepreneurialism.
MSUFCU opened a branch in Holt, Michigan, and relocated its existing Clarkston branch on Ortonville Road to a new location on Sashabaw Road in 2020.
The Credit Union will open a regional office in Auburn Hills in 2021 as well.
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MSU Federal Credit Union competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Lake Trust Credit Union | 1944 | $75.0M | 391 | 10 |
| Wright-Patt Credit Union | 1932 | - | 958 | 26 |
| United Federal Credit Union | 1949 | $170.0M | 380 | - |
| OneUnited Bank | 1968 | $27.5M | 113 | 1 |
| Lafayette Federal Credit Union | 1935 | $750.0M | 140 | 19 |
| Byline Bank | 1914 | $216.0M | 1,001 | 50 |
| IBERIABANK | 1887 | $1.2B | 3,441 | - |
| Federal Reserve Bank of Minneapolis | 1914 | $894.0M | 942 | - |
| Stifel Financial | 1890 | $49.8M | 7,100 | 141 |
| WSECU | 1957 | $140.0M | 588 | 1 |
MSU Federal Credit Union history FAQs
Zippia gives an in-depth look into the details of MSU Federal Credit Union, including salaries, political affiliations, employee data, and more, in order to inform job seekers about MSU Federal Credit Union. The employee data is based on information from people who have self-reported their past or current employments at MSU Federal Credit Union. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by MSU Federal Credit Union. The data presented on this page does not represent the view of MSU Federal Credit Union and its employees or that of Zippia.
MSU Federal Credit Union may also be known as or be related to MSU Federal Credit Union, Michigan State University Federal Credit Union and Msu Federal Credit Union.