EAST LANSING, Mich. — MSU Federal Credit has launched AlumniFi, a digital credit union designed to maintain relationships with graduates of Michigan State University.
With an emphasis on members ages 24 to 35 years old, AlumniFi focuses on college graduates of all age groups and backgrounds who are taking their next steps in financial independence and growth, according to MSUFCU.
In announcing the new offering, the credit union said the new offering “ensures every person is empowered to create a stable and secure financial future.”
The $7.2-billion MSUFCU said AlumniFi provides accessible tools and resources that help its members establish smart financial behaviors. Its financial tools are designed to create healthy financial habits for debt management, savings, and charitable giving paired with customized, integrated education, the credit union stated.
‘Match Their Lifestyle’
“College graduates want better financial solutions that match their lifestyle,” said MSUFCU President and CEO April Clobes. “They are looking for digital options that meet their needs and allow them to grow as they advance in their careers and lives.”
As CUToday.info reported earlier, in 2022 MSUFCU partnered with Nymbus in developing AlumniFi with the goal of “creating a product that serves the unique banking needs of these members.”
Plans to Expand
Now that it is serving alumni with financial wellness, debt paydown, and charitable contribution tools, MSUFCU said AlumniFi already has plans to expand.
“The transition from student to graduate is one of the biggest in an individual’s life. The change in the way they need to manage their finances is real, and many may be doing it for the first time on their own,” said Clobes. “AlumniFi can support them in that journey with accessible products, debt management resources, and financial education through strategic fintech partnerships.”
MSUFCU has nearly 340,000 members.
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