Tier I Agreements:

Northern Michigan University delivers your refund with BankMobile Disbursements, a technology solution, powered by BMTX, Inc. Visit this link for more information: https://disbursements.bmtx.com/refundchoices/.
 

To view our third-party servicer contract for refund management, and required US Department of Education disclosure information related to this contract, click here https://www.vibeaccount.com/swc/doc/landing/44vo3k97fyq655bx6d7l.  

 

Tier II Agreements:

This information is being provided under Department of Education Cash Management rule 668.164 for Tier Two Agreements.

MSUFCU Contract with Northern Michigan University

Reporting Information for the Award Year listed:

  1. Mean student costs in the Award Year ending June 30, 2026: $0.00
  2. Median student costs in the Award Year ending June 30, 2026: $0.00
  3. Number of students who had financial accounts which originated under the contract during the Award Year ending June 30, 2026: 0
  4. Total consideration paid to the institution in the period July 1, 2025 through June 30, 2026: $100,000
  5. Total non-monetary consideration received by the institution for the award year 2025-2026 was none