Michigan State University Federal Credit Union (MSUFCU) continues its expansion into Chicago, introducing three innovative brands, AlumniFi, Collegiate, and Pillur Business Banking, designed to meet the diverse financial needs of young professionals, college students, and small business owners.
The expansion underscores MSUFCU’s commitment to reimagining financial services through a blend of high-tech digital platforms and strategic physical locations.
“We are committed to redefining the banking experience by offering tailored financial solutions that meet people where they are in life,” said April Clobes, MSUFCU president/CEO. “With these three unique brands, we’re creating a dynamic ecosystem where young professionals, college students, and business owners can access the financial tools and expertise they need, all with the trust and service MSUFCU is known for.”
Pillur Business Banking & $200 Million Small Business Commitment
The East Lansing, Mich.-based MSUFCU ($8 billion in assets, 379,398 members) also announced the launch of Pillur Business Banking, which will support entrepreneurs and small business owners with tailored financial solutions, including business checking and savings accounts, merchant processing, cash management services, and lending products.
To mark the Chicago launch, MSUFCU has dedicated $200 million in small business lending to drive economic growth in the Chicagoland area.
“Small businesses are vital to a thriving community,” said Clobes. “By investing in local entrepreneurs and providing the financial resources they need to succeed, we’re helping build a stronger, more dynamic Chicago economy.”
Pillur accounts are held at MSUFCU locations at 101 W. Division St. and 2234 W. North Ave., where business owners can access exclusive, limited-time promotions.
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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.
