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MSUFCU launches Pillur Business Banking, dedicates $200 million to support Chicagoland small businesses

CHICAGO , IL (March 13, 2025) |

MSU Federal Credit Union (MSUFCU) introduced Pillur Business Banking today, a new financial solution designed to support entrepreneurs, startups, and small business owners. To mark the launch, MSUFCU has committed $200 million in small business lending to help drive economic growth in the Chicagoland area.

The announcement was made during a grand opening networking event in Chicago, where local business leaders gathered to celebrate Pillur’s entry into the market.

“Small businesses are vital to a thriving community,” said April Clobes, MSUFCU President and CEO. ““By investing in local entrepreneurs and providing the financial resources they need to succeed, we’re helping build a stronger, more dynamic Chicago economy.”

Pillur Business Banking offers tailored financial solutions for business owners, including business checking and savings accounts, merchant processing, cash management services, loans, lines of credit, and digital banking tools designed for efficiency and growth.

“Managing business finances should be easy and stress-free,” Clobes said. “Pillur delivers smart, streamlined solutions so entrepreneurs can focus on what matters most — growing their business.”

“Pillur is an indispensable partner for any small business owner,” said Khalid Ibrahim, account holder and owner of Eat Pomegranate Photography. “I continually receive the financial tools and support I need for my business to thrive.”

To celebrate its grand opening, Pillur is offering exclusive, limited-time promotions. Business owners can visit Pillur and MSUFCU at 101 W. Division St. and 2234 W. North Ave. in Chicago or online at pillur.org.

Pillur accounts are held at Michigan State University Federal Credit Union, where savings are federally insured to at least $250,000 by the National Credit Union Administration and backed by the full faith and credit of the United States Government.

MSUFCU leadership at the Pillur grand opening in Chicago.

Michigan State University Federal Credit Union (MSUFCU)

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