EAST LANSING, Mich. Michigan State University FCU has signed an expanded financial deal with Oakland University that will provide grants and scholarships, on-campus ATMs and branches, and marketing deals.
The 10-year contract, valued at $5 million, calls for the credit union to establish an Oakland University Credit Union trade name identity for financial services at the University. It will help support a $25,000 endowed student scholarship, $25,000 Dean’s Choice Grant Program, a variety of signature sponsorships, in-kind marketing, ATM locations on campus, an operating branch in the Oakland Center, financial education, and more, the two parties said.
In addition to the new branch in the Oakland Center, the University branch of MSU FCU will remain open and will be identified as Oakland University CU.
The $2.4-billion credit union has a longtime relationship with the Oakland University community since the late 1950s, when OU, then part of Michigan State University, was created and employees first were eligible for membership at the credit union.
Oakland University is a doctoral, research-intensive university located in Oakland County, Mich.
