Michigan Schools And Government Credit Union

Headquarters

40400 Garfield Road
Clinton Townshi, MI 48038
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 5.50% →
1-Year CD 0.50% 4.80% →
2-Year CD 0.60% 4.25% →
5-Year CD 1.30% 4.00% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Credit Union Information

Michigan Schools And Government is an NCUA insured institution located in Clinton Townshi, MI. It was founded in 1954 and has approximately $3748.57 millions in assets.

Who can join?

Employees, students, former students, alumni, and retirees of educational institutions in the Michigan counties of Genesee, Lapeer, Livingston, Macomb, Oakland, St. Clair, Washtenaw, and Wayne. This includes anyone that went to school in any of these counties or is related to someone that does/did.

Elected officials, appointed officials, employees, and retirees of any department or agency of the federal government of any state, county, or local government or political subdivision thereof located within the Michigan counties of Genesee, Lapeer, Livingston, Macomb, Oakland, St. Clair, Washtenaw, and Wayne.

Employees or members of employer groups or other organized groups or businesses which are located within 25 miles of any Credit Union office.

Any person over age 55 who receives a retirement annuity, pension, social security, or similar retirement payment from private or government sources, and lives in, or belongs to a retirement organization located in Genesee, Lapeer, Livingston, Macomb, Oakland, St. Clair, Washtenaw, or Wayne Counties.

A spouse of a deceased member if accepted into membership prior to remarriage.

Members of MSGCU who attained membership through other eligibility requirements in place prior to 8/1/2006 will retain their membership.
Relatives by blood or marriage of any of the above. Relatives are eligible to join even if above individuals are not members.

NCUA Insured Yes / State-Chartered
Charter Number # # 62049
Date Established 1954
Assets $3,748.57 million
Loans $3,192.64 million
Deposits $3,091.36 million
Capital $447.58 million
 

Field of Membership Restrictions

Membership in Michigan Schools and Government Credit Union is open to the following: (1) those who live, work, worship or attend school in Michigan’s lower peninsula; (2) employees, students, alumni, retirees, and former students of any educational institution in Genesee, Lapeer, Livingston, Macomb, Oakland, St. Clair, Washtenaw and Wayne Counties in Michigan and their families; (3) any person over age 55 receiving retirement payments and live in or belong to a retirement organization in the counties above; (4) employees or retirees of any federal, state, county, or local government department or agency in the above counties.

Deposit Rates - November 7, 2024

Your Current Location: Ohio, OH 43085

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.15% $2,500 $4,999 Learn More
Money Market
0.15% $2,500 $2,999 Learn More
Money Market
0.25% $10,000 $14,999 Learn More
Money Market
0.30% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.40% $10,000 $14,999 Learn More
6 Mo CD
0.40% $100,000 $199,999 Learn More
12 Mo CD
0.50% $10,000 $14,999 Learn More
12 Mo CD
0.50% $100,000 $199,999 Learn More
18 Mo CD
0.90% $10,000 $14,999 Learn More
18 Mo CD
0.90% $100,000 $199,999 Learn More
24 Mo CD
0.60% $10,000 $14,999 Learn More
24 Mo CD
0.60% $100,000 $199,999 Learn More
36 Mo CD
0.90% $10,000 $14,999 Learn More
36 Mo CD
0.90% $100,000 $199,999 Learn More
48 Mo CD
1.10% $10,000 $14,999 Learn More
48 Mo CD
1.10% $100,000 $199,999 Learn More
60 Mo CD
1.30% $10,000 $14,999 Learn More
60 Mo CD
1.30% $100,000 $199,999 Learn More
Variable IRA Rates APY MIN MAX
Var IRA
0.50% $1 $499 Learn MoreShow Less

Loan Rates - November 7, 2024

Your Current Location: Ohio, OH 43085

There are currently no loan rates available for Michigan Schools And Government

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - Ohio 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Midwest Mortgage Lending
NMLS ID: 2262032
License#: RM.804810.000
6.391% 6.250% 1.00 $4,800 $1,971 Learn More
Pure Rate Mortgage
NMLS ID: 2578474
6.596% 6.500% 0.63 $3,210 $2,023 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.993% 6.875% 1.00 $3,852 $2,103 Learn More
Rocket Mortgage
NMLS ID: 3030
7.313% 7.250% 0.63 $2,000 $2,183 Learn More

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
Intro APR
7.490 %
After Intro: 7.490 %
$0 Learn More
More Info

Note to Michigan Schools And Government
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Below are Michigan Schools And Government branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Columbus,Ohio


Michigan Schools And Government Locations around zip code 43085




Climate Policy and Initiatives

MICHIGAN SCHOOLS AND GOVERNMENT is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.


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Financial Details

Michigan Schools And Government Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Michigan Schools And Government. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Michigan Schools And Government U.S. Average
3.25% 5.83

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of June 30, 2024, Michigan Schools And Government had $14,000,388 in non-current loans and $1,143,690 in owned assets. To cover these potential losses it had $447,583,735 in net worth and $18,451,128 in loans loss reserves. That gives it a Texas Ratio of 3.25%.

Net Worth
Michigan Schools And Government U.S. Average
11.94% 13.93%

Michigan Schools And Government FCU has a net worth of 11.94% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.



Customer Reviews for Michigan Schools And Government


  • August 6, 2019

    CDs 12 Month Rates

    These people are crooks. They make up ways to steal your money through fees. They will short you on your interest. Beware!

  • December 1, 2018

    CDs 12 Month Rates

    Staff


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