MSUFCU members can now send funds to each other instantly for free
Member2Member℠ transfer service is now available to MSUFCU members
EAST LANSING, MI (October 22, 2019) — MSU Federal Credit Union (MSUFCU) has unveiled its newest exclusive member service: Member2Member℠ (M2M℠) transfers. The service is free, easy to use, instantaneous, and secure.
“The implementation of M2M has been highly anticipated by our membership and offers a free and convenient way to send funds to friends and family, within the Credit Union’s digital landscape,” Deidre Davis, MSUFCU’s Chief Marketing Officer. “With the addition of optional digital greeting cards, members can send congratulatory notes to recipients, wish them a happy birthday, or send one of several other greetings with a simple click.”
On September 12, 2019, M2M was rolled out to MSUFCU membership. Within the first month, more than 9,000 members have enrolled and performed 21,856 transactions.
Based on member feedback and requests, M2M was developed as a proprietary system by MSUFCU’s IT Department to provide convenience and more account control for MSUFCU members. Other mobile payment services, such as PayPal, Venmo, and Cash App, allow users to send funds to other individuals, but these apps can take up to three business days to process a transaction and may include fees. M2M allows Credit Union members to immediately access funds sent to them once they’ve accepted the transfer — at no additional cost.
MSUFCU members are identified within the M2M transfer system by their phone numbers and/or email addresses. In the mobile app, the user’s contact list is uploaded upon his or her acknowledgement and approval. This makes it easy and fast to then select the member to send money to. M2M is part of the Credit Union’s MoveMoney℠ feature, a secure and free way to send money, make loan payments, pay bills, and transfer money within MSUFCU and external accounts. For more information, visit msufcu.org/m2m.
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 MSUFCU Desk Drawer Foundation. MSUFCU is headquartered in East Lansing, Michigan; and has 24 branches; over 360,000 members; $7.8 billion in assets; and more than 1,200 employees. For more information, visit msufcu.org.
