Banking & Finance, Education, and Real Estate

Credit union opens downtown branch

October 10, 2017
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MSU Federal Credit Union downtown Grand Rapids branch
Courtesy MSU Federal Credit Union

A university credit union has opened its first West Michigan location.

Michigan State University Federal Credit Union, or MSUFCU, is hosting a grand opening for a 3,364-square-foot branch at 86 Monroe Center St. NW on Wednesday, Oct. 11.

The new branch will serve nearly 5,000 MSUFCU members who live within 10 miles of the location, including MSU College of Human Medicine students and staff and state of Michigan employees, which are select employee groups of MSUFCU.


The branch will offer ATM access, account representation, auto loans, home loans, credit cards, free checking and certificates of deposit.


The new branch will be staffed by 12 employees, including two managers — Russ Waligorski and Nancy Chanthaphanh — one mortgage officer and nine financial service representatives.

Its leadership team includes Lea Ammerman, executive vice president of member services; Colleen Pitmon, assistant vice president of branch operations; Waligorski, branch manager; and Chanthaphanh, branch assistant manager.

Firms on the project

The space was designed by Ann Arbor-based Daniels and Zermack Architects.

Rockford Construction, which heads the building’s ownership group, will provide property management services.

The Grand Rapids office of real estate firm JLL represented MSUFCU as the credit union sought out a location for expansion in the local market.

Michigan State University FCU

Founded in 1937 by Michigan State University professors, MSUFCU is the world’s largest university-based credit union, offering personal and business-related financial services to Michigan State University and Oakland University faculty, staff, students, alumni and their families.

MSUFCU operates 17 branches and has more than 238,000 members, managing more than $3.5 billion in assets and employing more than 730 people.

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