MSUFCU and Sparrow Health System announce partnership
LANSING, MICH (February 20, 2024) — MSU Federal Credit Union (MSUFCU) and Sparrow Health System have announced a partnership adding a new location at E.W. Sparrow Hospital and specialty offerings for employees.
“MSUFCU is pleased to partner with Sparrow leadership and to be returning to Sparrow to support caregivers, our members, and the community,” said April Clobes, President and CEO at MSUFCU. “This renewed partnership provides unique opportunities for financial education programs and specialized products. The new location will feature video tellers, a technology bar, and office space for member meetings.”
“We are excited to enhance our partnership with MSUFCU and for what it means for our community and our Sparrow team members,” said Margaret Dimond, Ph.D., Regional System President at University of Michigan Health, which includes Sparrow and UM Health-West. “MSUFCU has been a dedicated partner in the health of our community since their first gift to the Sparrow Foundation in 1994. We’re proud to partner with them to provide even more support for all those we serve together.”
During the announcement event, a $25,000 check was presented to the Sparrow Foundation to support the Care for the Caregivers Fund, Hospital Week, and Nurses Week.
Among other amenities, members will be able to schedule meetings with MSUFCU staff at a new location in E.W. Sparrow Hospital at 1215 E. Michigan Ave. in Lansing, which will open in summer 2024.
Specialty offerings from MSUFCU for Sparrow employees will include:
- Special-Term Hero Loans and Professional Mortgages: A simplified mortgage process with preferred terms.
- Commercial Loans and Lines of Capital: Financing for professional needs, including equipment and office space.
- Nurse and EMT Student Loans: Special student loans for employees to go back to school to get necessary certifications/degrees. Deferred payments and rate reduction with direct deposit.
- Wealth Management Solutions: Short- and long-term investment resources to help staff members make the most of their money.
- Financial Education Services: Employee opportunities for all shifts, virtually and in person. Topics include budgeting, first-time homebuying, responsible credit, and account security.
Additionally, the partnership will bring ongoing support to the Sparrow Foundation. MSUFCU will make a $10 donation with each new Sparrow employee membership.
MSUFCU President and CEO April Clobes, Regional System President at University of Michigan Health Margaret Dimond, Ph.D., and Lansing Mayor Andy Schor at the announcement of MSUFCU and Sparrow’s new partnership.
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.
About Sparrow Health System
Sparrow is mid-Michigan’s premier health care organization and includes hospitals in Lansing, Carson City, Charlotte, Ionia, and St. Johns, as well as Sparrow Specialty Hospital, Sparrow Care Network, Sparrow Medical Group, the Michigan Athletic Club, and AL!VE. Sparrow is part of University of Michigan Health. Through the dedication of its 10,000 caregivers, Sparrow pursues a vision to be nationally recognized as a leader in quality and patient experience. For more information, visit sparrow.org.
