St. Cloud State University is a four-year public university founded in 1869 on the banks of the Mississippi River in St. Cloud, Minnesota. The university is the largest member of the Minnesota State Colleges and Universities (MnSCU) system which is the largest single provider of higher education in the state of Minnesota. With more than 18,000 students, St. Cloud State has Minnesota's second-highest university enrollment. St. Cloud State has more than 100,000 alumni worldwide; Notable alumni include John Stumpf, president and CEO of Wells Fargo & Company, and James B. Bullard, president and CEO of the Federal Reserve Bank of St. Louis. St. Cloud State University opened its doors to students in 1869, under the name Third State Normal School. The school consisted of one building, the Stearns House, a renovated hotel purchased by the state Legislature for $46,000. Classrooms were on the first floor, the "model school" was on second floor and a women's dormitory was housed on the third floor. The five-member faculty was headed by Principal Ira Moore. Of the 53 original students, 43 were women. In 1898, the school began offering a junior college curriculum.