In 1937, eight faculty members of the Michigan State College of Agriculture and Applied Science founded the credit union and operated out of a desk drawer. A mere eight people, $3,000 in assets, a few folders shuffled into a drawer, and a singular goal: to help members achieve their dreams.
We have come a long way over the years. Drawers became filing cabinets, and filing cabinets became expansive online databases. We expanded to add Oakland University Credit Union, became the third largest credit union in Michigan, and reached a total of $6.6 billion in assets. Yes, much has changed. But our core values haven't. Since our founding, we have made our community a top priority.
Now, after 84 years, it is time to reaffirm our commitment to the community. We have not forgotten the days of the desk drawer. We have not forgotten what it is like to start from nothing, guided by a common dream. We are excited to continue empowering those in our community to achieve their own goals just as we did all those years ago, out of a single desk drawer.
"The Desk Drawer Fund was established to further our dedication to our local community. MSUFCU has been a pillar of philanthropy, and we will continue to lead the way in encouraging investment in our community. We’re excited to continue empowering those in our community to achieve their own goals."
Meet Our Board of Directors
We are committed to providing clear, timely information on our finances and grant-making efforts. Our annual reports outline the foundation’s annual spending, broken down by division and individual program strategies within each division.