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The Michigan State University Federal Credit Union (MSUFCU) is a credit union headquartered in East Lansing, Michigan.Primarily serving students and alumni of Michigan State University and Oakland University, MSUFCU is federally chartered and regulated by the National Credit Union Administration (NCUA).
The National Credit Union Administration is the U.S. independent federal agency that supervises and charters federal credit unions. As of December 31, 2022, there were 4,760 federally insured credit unions in the United States with 135.3 million members.
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The states of Delaware, South Dakota, and Wyoming do not regulate credit unions at the state level; in those states, a credit union must obtain a federal charter to operate. [14] All federal credit unions and 95% of state-chartered credit unions have "share insurance" (deposit insurance) of at least $250,000 per member through the National ...
Michigan State University (Michigan State or MSU) is a public land-grant research university in East Lansing, Michigan, United States. It was founded in 1855 as the Agricultural College of the State of Michigan , the first of its kind in the country.
MSU Union is a central gathering place for students of Michigan State University. Construction was started in 1923 and was completed in 1925. It includes a food court, convenience store, apparel shop, computer lab, arcade, MSUFCU, conference rooms, study lounges and classrooms. In 2023, it was among the sites of a mass shooting on campus.
In the United States, credit unions incorporated and operating under a state credit union law are tax-exempt under Section 501(c)(14)(A). [22] Federal credit unions organized and operated in accordance with the Federal Credit Union Act are tax-exempt under Section 501(c)(1) .
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