Credit Unions Chartered In The State Of Michigan

FOUNDED IN 1954 BY A SMALL GROUP OF TEACHERS, PRINCIPALS AND OTHER SCHOOL EMPLOYEES, MICHIGAN SCHOOLS AND GOVERNMENT CREDIT UNION (MSGCU) HAS BEEN PROVIDING QUALITY FINANCIAL SERVICES TO ITS MEMBERS FOR MORE THAN 60 YEARS. WHETHER IT IS A CHECKING OR SAVINGS ACCOUNT, LOAN, IRA, CERTIFICATE OF DEPOSIT, MORTGAGE OR CREDIT CARD,MSGCU WANTS TO HELP ITS 132,000 MEMBERS ACHIEVE THEIR FINANCIAL SUCCESS.WITH 16 OFFICES LOCATED THROUGHOUT MACOMB, OAKLAND, AND WAYNE COUNTIES, PROVIDING FULL ONLINE BANKING AND MOBILE SERVICES, WITH $2.8 BILLION IN ASSETS, $2.1 BILLION IN LOANS, AND A STAFF OF 370 EMPLOYEES, MSGCU IS A VALUED RESOURCE FOR FINANCIAL WELLBEING FOR BOTH CONSUMERS AND BUSINESSES. AT THE END OF 2020 OUR LENDING PORTFOLIO TOTALED APPROXIMATELY $2.1 BILLION. THE CONSUMER LENDING PORTION OF THE PORTFOLIO WAS JUST OVER $967 MILLION. THE MORTGAGE PORTFOLIO WAS JUST UNDER $992 MILLION AND THE BUSINESS LOAN PORTFOLIO WAS $128 MILLION. MEMBER SHARES TOTALED OVER $2.386 BILLION.

DURING 2020, THE CREDIT UNION SERVED OVER 3,650 PARTICIPANTS WITH OUR FINANCIAL EDUCATION WORKSHOPS, WHICH FEATURED TOPICS LIKE HOME BUYING, GETTING STARTED WITH CASH AND CREDIT AND UNDERSTANDING CREDIT REPORTS. WE OFFERED 165 FINANCIAL EDUCATION WORKSHOPS IN A CONVENIENT AND SAFE MANNER EITHER AT ONE OF OUR BRANCHES OR VIRTUALLY.

THE CREDIT UNION CONTINUED ITS SCHOLARSHIP PROGRAMS BY PROVIDING $105,000 TO HIGH SCHOOL SENIORS WHO WILL ATTEND COLLEGE, CURRENT TEACHERS AND SCHOOL ADMINISTRATORS ENROLLED IN A CONTINUING EDUCATION PROGRAM, AS WELL TO FIRST RESPONDERS WHO WILL GRADUATE FROM THE FIRE AND POLICE ACADEMIES AT MACOMB COMMUNITY COLLEGE, OAKLAND COMMUNITY COLLEGE AND SCHOOLCRAFT COLLEGE. OVER THE YEARS WE HAVE BEEN RECOGNIZED FOR THE WORK WE DO FOR OUR MEMBERS, EMPLOYEES, AND THE COMMUNITY. THE DETROIT FREE PRESS SELECTED MSGCU AS A TOP WORKPLACE IN MICHIGAN FOR THE PAST EIGHT YEARS IN A ROW. WE ARE ALSO PROUD OF A 96% OR HIGHER MEMBER SATISFACTION RATING FOR MORE THAN TEN YEARS AND ACHIEVING THE BAUER FINANCIAL HIGHEST POSSIBLE RATING OF FIVE STARS FOR THE PAST TWENTY YEARS. THESE ACCOMPLISHMENTS CONFIRM THAT WE ARE MAKING A DIFFERENCE IN THE COMMUNITIES WE SERVE IN SOUTHEAST MICHIGAN.

THE CREDIT UNION ALSO CONTINUED ITS CLASSROOM GRANT PROGRAM WHICH PROVIDES FUNDS TO TEACHERS TO BE USED FOR OTHERWISE UNFUNDED CLASSROOM PROJECTS. IN 2020, MSGCU AWARDED 64 GRANTS TOTALING MORE THAN $45,000 TO LOCAL EDUCATORS TO BE USED DURING THE 2020/2021 SCHOOL YEAR.MSGCU'S GIVING BACK PROGRAM RETURNED IN 2020. EACH BRANCH DESIGNATED A MONTH TO DONATE TIME AND $1,000 WORTH OF RESOURCES TO HELP A NON-PROFIT GROUP OR ORGANIZATION WITHIN THEIR COMMUNITY, IN TOTAL, MSGCU GAVE BACK THOUSANDS OF VOLUNTEER HOURS AND $16,000 IN TOTAL RESOURCES.