Officials with MSUFCU cut the ribbon to open its first Chicago location on Sept. 20, 2024.
Credit/MSUFCU
The East Lansing, Mich.-based MSUFCU has a long and successful history in the friendly confines of the green-and-white Spartan Nation zone around its namesake of Michigan State University. On Friday, MSUFCU officially opened the doors of its first of numerous locations to open in another state and in a city home to thousands of MSU alumni – Chicago.
During Friday's grand opening of the first MSUFCU branch in Chicago, which is located just four miles from the famous Friendly Confines of Wrigley Field, credit union officials said this opening was just the beginning of a series of Chicago branch openings for the $7.8 billion MSUFCU expected over the next several weeks.
"Chicago is home to more than 10,000 MSU students and alumni, including more than 3,000 who are MSUFCU members," April Clobes, president/CEO of MSUFCU, said. "In order to best fulfill the credit union's mission, our aim has always been to be where our members are, so this expansion into Illinois helps to further those efforts. Our goal is to empower our members to achieve financial security and fulfill their dreams, and we're excited to tailor our services to meet the unique needs of this dynamic city."
According to MSUFCU, three other new branches will open in Chicago between now and the end of the year and another branch is expected to open in April 2025. Other branches are expected to open in the Chicagoland areas of Algonquin, Johnsburg, McHenry and Richmond by the second quarter of next year. Once these locations open, MSUFCU will have a total of 35 branches in Michigan and Illinois.
Credit union officials said the new locations will also create 29 new jobs within the year.
Plans for the MSUFCU expansion into Chicagoland were announced last July and the credit union has since hired Jean Theis as vice president of branches – Illinois to oversee the operations.
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Michael Ogden
Editor-in-Chief at CU Times. To connect, email at [email protected]. As Editor-in-Chief of CU Times since 2016, Michael Ogden has led the editorial team in all aspects of content strategy and execution, including the creation of the publication’s exclusive and proprietary research database of the credit union industry’s economic landscape. Under Michael’s leadership, CU Times has successfully shifted to an all-digital editorial product with new focuses on the payments, fraud, lending and regulatory beats. Most recently, he introduced a data-focused editorial product for subscribers that breaks down credit union issues into hard data, allowing for a deeper and more factual narrative for readers. In 2024, he launched the "Shared Accounts With CU Times" podcast, which offers a fresh, inside-the-newsroom perspective through interviews with leaders from the credit union industry and the regulatory world. He dives into pressing credit union issues, while revealing the personalities working behind-the-scenes to push the credit union world forward. His background includes years as a radio and TV anchor/reporter and a public relations and digital/social media manager, where he covered the food and music industries, as well as cooperatives and credit unions. Over the years, he has launched numerous exclusive video and podcast series, including a successful series of interactive backstage interviews with musicians at music festivals, showcasing his social media and live streaming production skills.
