Sep, 30, 2025 — MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION (MSUFCU) is a federal credit union headquartered in EAST LANSING, MI with 36 branch locations and about $8.24 billion in total assets. Opened 47 years ago in 1979, MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION (MSUFCU) has about 389,605 members and employs 1,422 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3777 West Rd EAST LANSING, MI 48823-8029 |
| Phone: | (517) 333-2424 |
| Fax: | (517) 664-6953 |
| Website: | https://www.msufcu.org |
| Branches: | 36 branch locations |
| Members: | 389,605 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 23279 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1979 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $8,235,333,167 |
| CEO/Manager: | April Clobes |
| Chairperson: | Janet K Lillie |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 283,016,622 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 11,935,940 |
| Real Estate Loans | 3,231,643,401 |
| Unsecured Loans | 900,560,917 |
| Other Loans | 2,277,918,371 |
| TOTAL LOANS | 6,410,875,895 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -77,163,175 |
| Land And Building | 310,200,113 |
| Other Fixed Assets | 49,645,204 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 55,722,560 |
| All Other Assets | 392,934 |
| TOTAL ASSETS | 8,235,333,167 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 49,689 |
| Notes & Interest Payable | 693,500,000 |
| Accounts Payable & Other Liabilities | 87,108,945 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,378,039,342 |
| Regular shares | 808,102,860 |
| All Other Shares & Deposits | 4,582,185,849 |
| TOTAL SHARES & DEPOSITS | 6,768,328,051 |
| TOTAL LIABILITIES | 7,550,733,004 |
| Regular Reserve | 0 |
| Other Reserves | -8,410,880 |
| Undivided Earnings | 693,011,043 |
| TOTAL EQUITY | 684,600,163 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 8,235,333,167 |
| INCOME & EXPENSE | |
| Loan Income | 309,132,917 |
| Investment Income | 28,817,872 |
| Other Income | 11,487,041 |
| Total Employee Compensation & Benefits | 113,790,595 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 110,730,642 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 51,720,029 |
| Cost of Funds | 124,958,708 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 17,484,696 |
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