Together, the fintech and credit union are supporting 367,000 members with digital financial health tools.

CHICAGO, January 23, 2025 – SpringFour, a first-of-its-kind, leading financial health fintech, today announced a partnership with MSU Federal Credit Union (MSUFCU), a credit union with more than 80 years of history providing services to the Michigan State University community and beyond. This partnership will offer MSUFCU members—Including Michigan State University students and alumni—innovative digital tools to support their financial health. 

According to Inside Higher Ed, 31% of students are concerned about the cost of their higher education. Approximately 48% of students who experience financial challenges while enrolled in higher education say they have difficulty concentrating on academics because of their finances. 

The partnership between SpringFour and MSUFCU’s Innovation Team started as a successful pilot program, offering SpringFour to select MSUFCU members. Now expanded, the partnership provides access to S4connect, SpringFour’s all-in-one consumer self-serve financial wellness solution, to all MSUFCU members. Through S4connect, MSUFCU members can access thousands of vetted resources for student loan support, rental and debt assistance, food and utilities, mental health, transportation, and more, digitally or while visiting the credit union’s Michigan and Chicago branches.

“SpringFour’s innovative approach to financial health was the perfect match for the lab at MSUFCU, our center for financial innovation, and it’s exciting to see it now offered to all of our members. With this next step in the partnership, we’re proud to empower the community with cutting-edge tools that improve financial health,” said Ben Maxim, MSUFCU’s Chief Innovation Officer.

SpringFour Founder & CEO Rochelle Nawrocki Gorey is an alumna of Michigan State University, where she studied public policy, and where she opened her first-ever credit card with MSUFCU. Since then, she has continued to be involved in entrepreneurship and innovation programs offered at her alma mater, most recently serving as a mentor to students involved in MSU’s Burgess Institute for Entrepreneurship & Innovation as well as a speaker as part of their State Innovate speaker series.

“I am excited about SpringFour’s partnership with MSUFCU. Not only am I a proud and involved MSU alumna, but I also believe that this partnership is an important step to supporting students, alumni, employees, and other MSUFCU members in their financial success, both now and after graduation. With access to financial health resources that make a difference in real time, individuals can find their financial footing while feeling supported by the credit union. It’s a win-win,” said Nawrocki Gorey. 

Since its launch in 2005, SpringFour has connected millions of Americans to resources that improve their financial health. In the third quarter of 2024, SpringFour delivered 2,192,900 financial health referrals to consumers in need.

About SpringFour

Founded in 2005, SpringFour is the first-of-its-kind, leading financial health fintech that empowers banks, credit unions, fintech lenders, employers, loan servicers, mortgage insurers, nonprofits, and organizations across all industries to connect consumers with vetted, local nonprofit and government financial health resources. Trusted by leading organizations including Capital One, BMO, M&T Bank, Fifth Third, OppFi, KeyBank, Avant, Enova, Oportun, Mission Lane, MSU Federal Credit Union, and more, SpringFour’s product suite includes an innovative contact center tool, digital self-service products, and APIs that increase payment performance, add brand value, strengthen customer relationships, drive ESG and social impact, support consumer financial health, and improve bottom lines. SpringFour has received many prestigious awards including American Banker’s Most Influential Women in Fintech, Inc. Magazine’s Female Founders 250, Real Leaders’ Top Impact Companies, Fast Company’s Brands that Matter, Finovate’s Innovator of the Year, and more. SpringFour was recently acquired by C&R Software, a CORA Group company and subsidiary of Constellation Software, Inc., the 23rd largest software company in the world with an $80B market cap.

About MSU Federal Credit Union

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 sixth year, a Top Workplace by the Detroit Free Press for 13 consecutive years, and a National Best and Brightest Companies to Work For® winner for seven consecutive years. MSUFCU has also been certified as a Great Place to Work® for 10 consecutive years and has been recognized by the Credit Union National Association, earning first place for the people-helping-people philosophy Louise Herring Award. The Credit Union operates an award-winning, wholly owned credit union service organization, Reseda Group; along with digital-first financial platforms AlumniFi and Collegiate; trade name Oakland University Credit Union; and its foundation, the MSUFCU Desk Drawer Foundation. MSUFCU is headquartered in East Lansing, Michigan; and has 32 branches; over 360,000 members; over $8 billion in assets; and more than 1,200 employees. For more information, visit msufcu.org.

The financial health fintech and mortgage insurance provider are giving financial health tools to borrowers from 1,800 lenders nationwide.

CHICAGO, January 9, 2025 – SpringFour, the first-of-its-kind, leading financial health fintech, today announced a partnership with Enact Mortgage Insurance, a leading private mortgage insurance provider. The partnership supports Enact borrowers who are struggling financially by giving them no-cost access to SpringFour’s financial health resources.

Homeownership can come with financial challenges. According to a 2024 U.S. Mortgage Insurers report, it can take as long as 27 years for a household earning the national median income ($74,580) to save a downpayment of 20%, plus closing costs, for a $394,100 home (the median price for a single-family home in 2023). Mortgage insurance helps offset this financial barrier by enabling families to get into homes sooner with a lower down payment. Enact is taking this one step further by providing financial resources to borrowers who are struggling to make timely mortgage payments, giving these borrowers tools that will help them cut expenses and bring their mortgage loans current.

SpringFour’s partnership with Enact provides S4connect, SpringFour’s all-in-one customer self-serve financial wellness solution, to delinquent borrowers whose loans are insured by Enact. Borrowers have access to SpringFour’s more than 23,500 vetted, nonprofit and government resources for home repair, food assistance, heating & utilities savings, disaster relief, and more that may make it easier to save money, get back on track with mortgage payments, and stay in their homes.

By addressing an increasing need across the United States for sustainable homeownership, this partnership supports Enact’s mission of helping people buy a house and keep it a home.

“At Enact, our mission drives everything we do,” said Enact Chief Operations Officer Brian Gould. “We are committed to promoting sustainable homeownership, whether by assisting borrowers in purchasing a home or by providing every possible resource to help delinquent borrowers keep their home. Our partnership with SpringFour reflects our dedication to offering diverse solutions to meet the unique needs of borrowers.”

Through her leadership in affordable housing policy, her dedication to sustainable affordable homeownership is what first led Rochelle Nawrocki Gorey to found SpringFour in 2005. 

“This partnership is at the heart of why I founded SpringFour. Empowering Enact’s borrowers with SpringFour’s financial health resources ensures more homeowners will have the tools they need to save money and stay in their homes,” said Nawrocki Gorey. 

Since its launch in 2005, SpringFour has connected millions of Americans to resources that improve their financial health. In the third quarter of 2024, SpringFour delivered 2,192,900 financial health referrals to consumers in need.

About Enact

Enact (Nasdaq: ACT), operating principally through its wholly-owned subsidiary Enact Mortgage Insurance Corporation since 1981, is a leading U.S. private mortgage insurance provider committed to helping more people achieve the dream of homeownership. Building on a deep understanding of lenders’ businesses and a legacy of financial strength, we partner with lenders to bring best-in class service, leading underwriting expertise, and extensive risk and capital management to the mortgage process, helping to put more people in homes and keep them there. By empowering customers and their borrowers, Enact seeks to positively impact the lives of those in the communities in which it serves in a sustainable way. Enact is headquartered in Raleigh, North Carolina.

About SpringFour

Founded in 2005, SpringFour is the first-of-its-kind, leading financial health fintech that empowers banks, credit unions, fintech lenders, employers, loan servicers, mortgage insurers, nonprofits, and organizations across all industries to connect consumers with vetted, local nonprofit and government financial health resources. Trusted by leading organizations including Capital One, BMO, Fifth Third Bank, Fay Servicing, Freedom Mortgage, LoanCare, PHH Mortgage, MSUFCU, M&T Bank, OppFi, KeyBank, Patelco Credit Union, Avant, Enova, Oportun, Mission Lane, Enact MI, and organizations across all industries, SpringFour’s product suite includes an innovative contact center tool, digital self-service products, and APIs that increase payment performance, add brand value, strengthen customer relationships, drive ESG and social impact, support consumer financial health, and improve bottom lines. SpringFour has received many prestigious awards including American Banker’s Most Influential Women in Fintech, Inc. Magazine’s Female Founders 250, Real Leaders’ Top Impact Companies, Fast Company’s Brands that Matter, Finovate’s Innovator of the Year, and more. SpringFour was recently acquired by C&R Software, a CORA Group company and subsidiary of Constellation Software, Inc., the 23rd largest software company in the world with an $80B market cap.