Michigan State University Federal Credit Union in East Lansing, Mich., reports its assets and membership have increased.
The credit union said its assets of $2.48 billion and membership of 175,144 grew 9% and 5%, respectively, from May 31, 2012 to May 31, 2013.
Patrick McPharlin, president/CEO of MCUFCU, attributed the growth to the expansion of branch locations and account services.
The credit union opened two branches in 2012 and third one earlier this year. What’s more, MSUFCU’s merger with Eaton County Educational CU added a fourth branch in April 2013. Mobile banking services released in the past year also provided members with greater accessibility to their accounts.
The largest of all university-affiliated credit unions also has just announced it will rebrand its operation at Oakland University in suburban Detroit.