Michigan State University Credit Union Detroit MI | Low Mortgage Rates & Business Banking

Introduction

Welcome to Michigan State University, your trusted partner for financial services in the heart of Detroit! Located at 243 W Congress St, Detroit, MI 48226, we've been serving our community since 1979. With a strong commitment to our members, we proudly support a growing family of over 374,591 members. Our mission is simple: to provide you with exceptional service and the financial tools you need to achieve your goals. At Michigan State University, we understand that navigating finances can be daunting. That's why our dedicated team is here to guide you every step of the way. Whether you're looking for a checking account, vehicle financing, or business loans, we've got you covered with total assets exceeding $8.16 billion. Our robust offerings include personal banking options such as auto loans and credit cards with rewards tailored just for you. As part of our promise to support our community, we maintain a strong financial foundation with total deposits of $347,828,089 and net worth of $693,701,569. We also take pride in providing more than just traditional banking services; we offer innovative online and mobile banking solutions that make managing your finances easier than ever. While members can visit us at our branch address, official correspondence should be sent to 243 W. Congress Street, Detroit, MI 48226. If you have questions or need assistance, don't hesitate to reach out! You can call us at 517-333-2424 during our lobby hours Monday through Thursday from 9:00 AM to 5:30 PM, Friday from 9:00 AM to 6:00 PM, and Saturday from 9:00 AM to 1:00 PM. Led by our CEO April Clobes and Board President Gregory Deppong, our team is committed to fostering financial literacy and empowering our members through education and excellent service. Join us today and experience the difference that a member-focused credit union can make in your life! Visit us online at msufcu.org for more information on how we can assist you in reaching your financial goals.

Branch History & Mission

Community Commitment

At Michigan State University branch, we believe in giving back. Our team actively engages with local initiatives and partnerships that uplift our community. We understand that strong communities build strong financial futures. This belief drives us to support various outreach programs aimed at enhancing financial literacy and providing resources for those in need. While members can visit us at 243 W Congress St, official correspondence should be sent to 243 W. Congress Street, Detroit, MI 48226 if it differs from the branch address.

Join Us

We invite you to join us at Michigan State University branch and experience firsthand the difference that a member-focused credit union can make in your life. Together, let's build a brighter financial future for you and your family! If you're ready to take the next step or simply want more information about our services, feel free to reach out by calling us at 517-333-2424 or visiting our website at msufcu.org. Your journey towards financial empowerment starts here!

Modern Services

In today's fast-paced world, convenience matters. That's why we've embraced digital advancements to enhance your banking experience. From online banking and mobile payments to e-statements and person-to-person transfers, we offer a variety of services designed with you in mind. Our operating hours are tailored to fit your busy schedule Monday through Thursday from 9:00 AM to 5:30 PM, Friday from 9:00 AM to 6:00 PM, and Saturday from 9:00 AM to 1:00 PM ensuring that you have access when you need it most.

Our Journey

Over the years, our branch has evolved significantly. From our humble beginnings to becoming a key player in the financial landscape of Detroit, we've consistently focused on providing exceptional service and innovative products. With total assets reaching an impressive $8,164,702,074, we are equipped to meet the diverse needs of our membership base. Our mission is clear: we strive to empower our members through comprehensive financial services while fostering a sense of community support. Whether you're looking for personal banking options like checking and savings accounts or need assistance with auto loans and mortgage refinancing, we are here to help you every step of the way.

Branch Location & Accessibility

Accessibility Features

Our branch offers convenient parking for all members, making it easy to stop by whenever you need assistance. We are proud to be ADA compliant, ensuring that everyone can access our services comfortably. If you prefer not to enter the building, we currently do not have drive-thru banking available; however, we encourage you to reach out via phone for any inquiries or service needs.

Services Offered

At the Michigan State University Congress Street Branch, we provide a range of personal and business banking services tailored just for you. From checking and savings accounts to auto loans and credit cards with rewards, we have something for everyone. Our team is also available for mortgage loans and debt consolidation advice. If you're looking for help managing your finances on-the-go, be sure to explore our online and mobile banking options as well! Though we don't currently offer ATM services at this location, our dedicated staff will ensure that your banking experience remains smooth and efficient. We invite you to visit us or give us a call at 517-333-2424 if you have any questions or need assistance. At Michigan State University Congress Street Branch, we're here for you every step of the way!

Member Eligibility

At Michigan State University, we believe that becoming a member is more than just opening an account it's about joining a welcoming community that supports you every step of the way. If you're curious about eligibility, you're in the right place! To become a part of our family, you simply need to be affiliated with Michigan State University in some way, whether as a student, staff member, or even an alumni. This connection opens the door to a world of financial services designed with your needs in mind. Plus, as a member, you'll enjoy personalized support and access to exclusive benefits tailored for our community. Getting started is easy! You can find all the details about eligibility by visiting this link. If you're ready to take the next step and open an account, just reach out to us at (517) 333-2424 or come visit us at our branch located at 243 W Congress St Detroit Mi 48226. We're excited to help you on your financial journey!

Business Banking & Commercial Services

Financing Options Tailored for Your Needs

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $913 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $15 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $784,164,693, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services That Simplify Transactions

In addition to loans, we offer merchant services that streamline payment processing. Imagine having the ability to accept payments easily from your customers whether they prefer credit cards, debit cards, or mobile payments. This service not only enhances customer satisfaction but also boosts your cash flow. When your transactions run smoothly, you can focus on what truly matters: growing your business. Visit us at 243 W Congress St Detroit Mi 48226, Detroit, MI to discover how our business banking and commercial services can help you thrive! For any inquiries, feel free to call us at (517) 333-2424.

Comprehensive List Of Services

ATM & Cash Withdrawal Services

Although we do not have an ATM at this location, rest assured that cash withdrawal services are available through partner networks nearby. At Michigan State University, we're dedicated to providing exceptional service whether you're visiting us in person or accessing our digital platforms. For any questions about our offerings or assistance with your banking needs, feel free to call us at 517-333-2424 during our operating hours: Monday-Thursday 9:00 AM - 5:30 PM; Friday 9:00 AM - 6:00 PM; Saturday 9:00 AM - 1:00 PM. We invite you to explore all the ways we can help you achieve your financial goals! Visit us today or check out more about our services online at www.msufcu.org. Your journey towards better banking starts here!

Auto Loans & Vehicle Financing

Are you ready to hit the road in a new car? Our auto loans and vehicle financing solutions make it simple to secure the vehicle you desire. With flexible repayment plans and competitive rates, we help you get on the road without breaking the bank.

Business Banking

For entrepreneurs and business owners, we provide comprehensive business banking services including merchant services and business loans. We understand that running a business requires solid financial backing and support. That's why our tailored solutions are crafted to fit the unique needs of local businesses.

Credit Cards with Rewards

Our credit cards come with exciting rewards programs designed to benefit everyday spending. From cashback offers to travel points, using our credit cards means earning rewards while you shop!

Mortgage Loans & Refinancing

Thinking about buying a home or refinancing your current mortgage? Our mortgage loans are tailored to meet your specific needs. Whether you're a first-time homebuyer or looking to refinance for better terms, our friendly staff will guide you through the process from application to closing.

Online & Mobile Banking

In today's fast-paced world, convenience is key. With our robust online and mobile banking features, managing your finances has never been easier. You can check balances, transfer funds, pay bills, and even deposit checks right from your smartphone or computer anytime, anywhere.

Personal Banking

For those seeking reliable banking options, we offer checking and savings accounts that suit various lifestyles and financial goals. Imagine having a checking account that provides easy access to your funds and a savings account that helps you grow your money over time. With our competitive interest rates and low fees, managing your day-to-day expenses becomes hassle-free.

Personal Loans & Debt Consolidation

Life can throw unexpected expenses your way. That's why we offer personal loans that can be used for anything from medical bills to home repairs. If you're struggling with multiple debts, our debt consolidation loans can help simplify your payments into one manageable monthly bill, easing your financial stress.

Digital & Online Banking

Key Features of Our Digital Banking Services

Our online banking allows you to manage your accounts 24/7, so whether it's the weekend or after hours, you're always in control. You can view balances, transfer funds, and pay bills all from the comfort of your home or on the go. We also offer electronic signature authorization, making it easy for you to complete transactions without needing to visit a branch. For those who prefer a paperless approach, we provide e-statements that allow you to receive your account statements electronically. This not only helps you keep track of your finances more easily but also contributes to a greener environment. Plus, if you're looking for quick ways to send money to friends or family, our person-to-person transfer feature makes it simple and fast.

Stay Connected with Our Mobile App

With our mobile application available for download, banking has never been easier. You can access all these features right from your smartphone whether you're out running errands or relaxing at home. Our app supports mobile payments too, allowing you to make transactions quickly and securely without needing cash or cards. At Michigan State University, we're committed to providing you with user-friendly tools that enhance your banking experience. Enjoy the freedom of managing your finances anytime, anywhere all while knowing that security is our top priority. Join us today and discover how convenient banking can be!

Financial Strength

At Michigan State University, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We are committed to ensuring that your financial future remains bright and secure. With a net worth of $693,701,569, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 849 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through $1,933,647,174 in share certificates and $2,214,188,274 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $68,588,248, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. With $683,333,436 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports your financial goals with $67,674 in used auto loans and a total of $6,279,329,147 in loans and leases available to help you achieve your dreams. Our operational efficiency is reflected in our net income of $0, which allows us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 1,386 full-time employees and 63 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable and committed team. Net Shares (funds available for lending and investments) stand at $15,737,052, while we proudly support a strong member base with a total of 1,007,545 share accounts. This reflects the trust our members place in us as their preferred financial institution. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing or planning for the future, Michigan State University is your trusted partner. Visit us at 243 W Congress St., Detroit MI 48226 or call 517-333-2424 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov based on the latest results.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $1,035,079,374 in used vehicle loans and $305,468,090 in new vehicle loans already helping members get on the road. Whether you're purchasing a brand-new vehicle or a pre-owned one, we have tailored financing options available for you.

Business Financing

For business owners, our outstanding commercial loans totaling $784,164,693 provide the capital needed to grow and expand. We are committed to supporting local businesses by offering tailored loan options that meet your unique needs. Additionally, if you're considering refinancing any existing loans or want to explore eligibility options, our team is here to guide you through the process. We can help assess your current situation and find the best loan solutions available to you. The financial insights shared here are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. If you have any questions or would like more information about our loan offerings, please feel free to reach out to us at (517) 333-2424, or visit us at our branch located at 243 W Congress St Detroit Mi 48226, Detroit, MI. We're here to assist you in achieving your financial goals!

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $292,543,617, make buying or refinancing simple. We work with you to find solutions that fit your budget and timeline, ensuring you can make your dream of owning a home a reality.

Unsecured Credit Card Loans

Managing daily expenses can be challenging, which is why we also offer flexible terms on unsecured credit card loans. With a total of $450,348,209 in loans helping members manage their finances effectively, our credit cards come with competitive rates and rewards that benefit you as you spend.

Loan Aggregator

Finding the best loan rates can be overwhelming. LendMesh simplifies this process by providing real-time, unbiased comparisons of mortgage, auto, and personal loan rates from verified financial institutions. With a focus on transparency and reliability, LendMesh serves as a trusted resource for consumers looking to make informed financial decisions. LendMesh ensures accurate loan comparisons by sourcing data directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards. This information is based on the latest results, ensuring that users receive fair and transparent offers (Source: https://www.ncua.gov). By leveraging verified data, LendMesh allows users to view loan options that are both legitimate and trustworthy. One of the key benefits of using LendMesh is its commitment to providing verified data. Loan offers are sourced from recognized financial institutions, which fosters an environment of transparency. Additionally, LendMesh features no sponsored listings, meaning lenders are not prioritized based on paid promotions; instead, users receive unbiased results tailored to their needs. Another advantage is real-time rate comparisons. Users can access up-to-date loan rates from multiple institutions, empowering them to make informed decisions quickly. This feature is particularly valuable in today's fast-moving financial landscape, where rates can fluctuate frequently. Thousands of users trust LendMesh for their loan comparisons. One satisfied member shared: "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" Such testimonials highlight the effectiveness and reliability of this tool. Compare real-time loan offers today at LendMesh and find the best rates for your needs. *Disclaimer: Loan approvals and interest rates are subject to creditworthiness, income verification, and applicable federal and state regulations. Rates may vary based on financial institution guidelines.*