Press

MSUFCU’s Savings Builder℠ account helps build savings quickly

NOVI, MI (May 27, 2020) — MSU Federal Credit Union (MSUFCU) has introduced its Savings Builder℠ account to help members save for life’s unanticipated events faster. Savings Builder pays more on initial deposits, unlike many traditional savings accounts that earn higher dividends only when more money is saved.

According to bankrate.com, 28% of adults don’t have any funds set aside for unexpected expenses. While starting an emergency savings fund can be difficult, the Savings Builder is designed to help members build their emergency accounts faster so funds are available for unplanned expenses.

“We are pleased to offer this new product to help members start saving and earning more on initial funds saved, especially at this time when having an emergency fund in place could be particularly beneficial to so many,” said Deidre Davis, MSUFCU Chief Marketing Officer. “Savings Builder is a great option to quickly save for unbudgeted expenses — such as car repairs or medical costs — helping prevent new or additional debt.”

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 31 branches; over 360,000 members; $8 billion in assets; and more than 1,200 employees. For more information, visit msufcu.org.