Michigan Schools and Government Credit Union

Michigan Schools and Government Credit Union
Credit union
Industry Financial services
Founded 1954
Headquarters Clinton Township, Michigan, USA
Number of locations
11 full-service branches;
4,400 Service Centers nationwide
Products Savings; checking; consumer loans; mortgages; credit cards; investments; online banking
Total assets $1.5 billion USD[1]
Website msgcu.org

Michigan Schools and Government Credit Union -- is headquartered in Charter Clinton Township, Michigan, and has a membership size of more than 100,000 [2] and assets of over $1.5 billion as of May 31, 2014.[3] MSGCU is a not-for-profit financial institution, which is owned and operated by its members. The credit union is regulated under the authority of the National Credit Union Administration (NCUA), which means its members' deposits are federally insured up to $250,000.[4] Michigan Schools and Government Credit Union currently has 11 branches located throughout Macomb and Oakland Counties.[5] It also belongs to the CO-OP Network of ATMs and Credit Union Service Centers. This network allows members to utilize more than 30,000 ATM locations and 4,400 Service Centers nationwide.[6]

Membership

The following individuals and groups are eligible for Michigan Schools and Government Credit Union membership:

Awards

The youth savings programs offered at MSGCU have received the Michigan Credit Union League's (MCUL) Desjardins Youth Financial Education Award numerous times. In the past, the MCUL has also awarded the credit union with the Louise Herring Award and Dora Maxwell Award for various member and community service efforts.[7]

Bauer Financial[8] , which provides independent bank and credit union star-ratings, has consistently awarded MSGCU with its highest rating, five-stars, for financial institutions. MSGCU also boasts high member satisfaction and retention. In 2012, MSGCU received a 97% member satisfaction rating during an independent survey performed by D. Hilton Associates Inc. Also in 2010, Raddon Financial Group ranked MSGCU’s member retention rate at 99.5%.[9]

References

  1. "NCUA-Credit Union Data Summary". Retrieved 5 March 2012.
  2. "MSGCU reaches milestone".
  3. "NCUA - Individual Credit Union Data Summary". Retrieved 5 May 2011.
  4. "About NCUA". Retrieved 5 May 2011.
  5. "MSGCU - Locations".
  6. "Co-Op Network About".
  7. "Herring, Maxwell and Desjardins Award Programs". MCUL. Retrieved 23 May 2011.
  8. "Bank and Credit Union Ratings". BauerFinancial. Retrieved 23 May 2011.
  9. "Awards". MSGCU. Retrieved 23 May 2011.
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