OAKLAND COUNTY, Mich.–Members of MSU Federal Credit Union saved members $11.87 million in interest on loans by refinancing high-rate loans held by other financial institutions during 2016, the credit union said.
Since 2013, MSUFCU reported has helped save members $39.61 million in interest.
“At MSU Federal Credit Union, our mission is to assist members in achieving their goals and dreams,” said April Clobes, MSUFCU’s President and CEO. “We provide low-cost loans, which allow our members to reinvest money saved by refinancing with us back into our community, whether in the form of a dream vacation, braces for a child, a first car, or in any other manner.”