MSU Federal Credit Union announces plans to expand in Chicago
Credit Union opening five branches in 2024
EAST LANSING, MI (July 18, 2023) — MSU Federal Credit Union (MSUFCU) announced today it plans to open five branches in Chicago in 2024, marking a major expansion for Michigan’s second-largest credit union.
“Expansion into the Chicago market is an important initiative we have been preparing for in order to better serve our members, MSU alumni, and their families in the area,” said April Clobes, President/CEO of MSUFCU. “We are eager to provide in-person support and expanded access to our comprehensive suite of financial products. These new branches serve as a tangible realization of our Credit Union’s mission, as we embrace the opportunity to engage with the Chicagoland community, empowering them to achieve financial security, pursue their goals, and ultimately their dreams.”
The new branches will be located in the Lakeview, Lincoln Park, Wicker Park, Gold Coast, and Old Town neighborhoods, giving MSUFCU the opportunity to enhance its services to existing members in Chicago and attract new members to the Credit Union.
In addition to serving its current membership, there are more than 10,000 Michigan State University students and alumni living in the Chicago area, providing a unique opportunity for MSUFCU to grow its membership and help more people with their financial needs.
The five new branch locations will also create new employment opportunities for local residents, contributing to the overall economic growth of the region. The Credit Union also plans to have community spaces available at the new branches to host events, provide financial education opportunities, and collaborate with local community partners.
MSUFCU has offered services digitally to members outside of the state of Michigan for many years, including offering mortgage products in 18 additional states across the country. Today, the Credit Union proudly serves over 350,000 unique members nationwide. Through its expansion to Chicago, MSUFCU will continue to fulfill its mission of helping members achieve their financial goals and dreams.
About Michigan State University Federal Credit Union (MSUFCU)
Founded in 1937, MSUFCU has a national reputation for excellence and has received several top industry and workplace awards, including being named a Best Credit Union to Work For® by American Banker for the sixth year, a Top Workplace by the Detroit Free Press for 13 consecutive years, and a National Best and Brightest Companies to Work For® winner for seven consecutive years. MSUFCU has also been certified as a Great Place to Work® for 10 consecutive years and has been recognized by the Credit Union National Association, earning first place for the people-helping-people philosophy Louise Herring Award. The Credit Union operates an award-winning, wholly owned credit union service organization, Reseda Group; along with digital financial platforms AlumniFi and Collegiate; trade name Oakland University Credit Union; and its foundation, the Desk Drawer Fund. MSUFCU is headquartered in East Lansing, Michigan; and has 24 branches; over 350,000 members; $7.61 billion in assets; and more than 1,100 employees. For more information, visit msufcu.org.
