MSUFCU recognized as top five credit union in Forbes Best-In-State
Based on surveys ranking trust,service, and recommendation of credit unions in each state
EAST LANSING, MI (August 14, 2019) — According to the Forbes 2019 Best In-State Banks and Credit Unions, banks may have earned an average score of 4.2 out of five, but they could not touch credit unions, who earned average scores of 4.5.
Forbes partnered with Statista, a market research firm, to produce its second annual financial institution ranking, which named MSU Federal Credit Union (MSUFCU) in the top five out of 226 credit unions in Michigan for 2019.
“Our mission is to help our members achieve their financial goals and dreams,” said April Clobes, MSUFCU’s CEO/President. ”We are very proud of receiving this recognition as it illustrates our credit union’s commitment to the mission and our members.”
More than 25,000 U.S. consumers were surveyed for their opinions on current and former financial institution relationships. Credit unions were rated on overall recommendations and satisfaction, as well as five sub-dimensions including trust, terms and conditions, branch services, digital services, and financial advice.
There are more than 5,000 credit unions with 117 million members across the U.S. Member-only credit unions typically have lower fees and offer better interest rates than traditional banks, and the not-for-profit model also puts the consumer first, resulting in higher levels of satisfaction. In total, 182 credit unions were awarded as the Best-In-State Credit Unions 2019.
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.
