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  • Writer's pictureKelsie Papenhausen

AlumniFi Digital Credit Union Designed for College Graduates

MSUFCU launches platform to meet unique financial needs of today’s alumni

EAST LANSING, Mich. — In the pursuit of knocking down barriers to achieving dreams and financial health, MSU Federal Credit launched AlumniFi, a digital credit union that ensures every person is empowered to create a stable and secure financial future.

“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.”

Last year, MSUFCU partnered with Nymbus, a premier provider of cutting-edge financial technology solutions, in developing AlumniFi with the goal of creating a product that serves the unique banking needs of these members.

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.

Serving alumni with financial wellness, debt paydown, and charitable contribution tools, 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. AlumniFi can support them in that journey with accessible products, debt management resources, and financial education through strategic fintech partnerships,” Clobes said.

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.

AlumniFi can be found and downloaded on Google Play for Android devices and on the App Store for iOS devices.

About AlumniFi

AlumniFi provides accessible tools and resources that help its members establish smart financial behaviors. With financial tools designed to create healthy financial habits for debt management, savings, and charitable giving, — paired with customized, integrated education — AlumniFi ensures every person is empowered to create a stable and secure financial future. AlumniFi is a custom digital financial platform created by Michigan State University Federal Credit Union and is backed by the National Credit Union Administration. For more information, visit alumnifi.org/.

About MSUFCU

Founded in 1937, MSUFCU has a national reputation for excellence and has received several top industry and workplace awards, including being named a Best Credit Union to Work For® by American Banker for the fifth year, a Top Workplace by the Detroit Free Press for 11 consecutive years, a National Best and Brightest Companies to Work For® winner for six consecutive years, and was named one of the top five Michigan credit unions in Forbes’ Best-in-State Credit Unions 2021 list. MSUFCU was named a Best Workplace in Financial Services and Insurance by Fortune Magazine for two consecutive years and has been certified as a Great Place to Work® for nine consecutive years. MSUFCU has been recognized by the Credit Union National Association, earning first place for the people-helping-people philosophy Louise Herring Award. MSUFCU is headquartered in East Lansing, Michigan; has 22 branches; nearly 338,000 members; more than $7.28 billion in assets; and nearly 1,200 employees. For more information, visit msufcu.org.

About Nymbus

Nymbus enables banks, brands, and fintechs of any size to accelerate growth through new routes to market. This includes a full suite of banking technology applications available to modernize and optimize existing channels, as well as the operational resources to get to market quickly with a full-scale digital brand immediately positioned at capturing new niche customer segments. Whichever growth path you choose, Nymbus buys back decades of lost time and accelerates your ability to engage and support the entire customer journey.

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