EAST LANSING, Mich. MSU Federal Credit Union (MSUFCU) is pleased to announce that it was recognized as fifth in the nation for its financial education program by the National Youth Involvement Board (NYIB). MSUFCU was ranked in the $1 billion and above in total assets category.
This ranking was generated by the NYIB and included in its annual report. Credit unions were ranked based upon the number of financial education presentations given to students from kindergarten to college, from July 1, 2015 to June 30, 2016. The Credit Union gave 228 presentations during this time. MSUFCU was also ranked third in the nation based on how many students were reached through the presentations, with 8,510 attendees throughout the year. Michigan was ranked as the top state for the total number of presentations given throughout the year, at 2,284.
"This recognition affirms an essential part of our mission, to provide financial education to members of all ages," said April Clobes, MSUFCUs President and CEO. "Our financial education presence in the community increases each year, and with the growth, we continue to find new and innovative ways to provide children and young adults with the knowledge and resources needed to be financially successful throughout their lives."
The National Youth Involvement Board was developed in 1967 by the Credit Union National Association (CUNA) and the CUNA Mutual Group to build a grassroots network of credit union advocates concerned about perception and acceptance of credit unions among younger generations. NYIBs mission is to create financially-savvy individuals and loyal credit union members.
MSU Federal Credit Union, the worlds largest university-based credit union, offers a full range of personal and business-related financial services to Michigan State University and Oakland University faculty, staff, students, alumni association members, and their families worldwide, in addition to a variety of select employee groups. Founded in 1937 by a few MSU professors and employees, MSUFCU has 17 branches, over 220,000 members, more than $3.25 billion in assets, and over 700 employees. In 2015, MSUFCU was named as one of the Nations Best and Brightest Companies to Work For and one of the Nations Best and Brightest in Wellness by the National Association for Business Resources, and was listed as the fifth top employer in the large-employer category in the 2015 Top Workplaces list by the Detroit Free Press. In 2016, MSUFCU was selected as one of West Michigans 101 Best and Brightest Companies to Work For, receiving the Michigan Business Professional Associations top honor of Elite Overall Best of the Best award.
