Puneet Varma (Editor)

Michigan Schools and Government Credit Union

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Type
  
Credit union

Total assets
  
$1.5 billion USD

Headquarters
  
Clinton Charter Township

Industry
  
Financial services

Website
  
msgcu.org

Founded
  
1954

Michigan Schools and Government Credit Union httpswwwmsgcuorgtemplatesmichschools2015

Number of locations
  
11 full-service branches; 4,400 Service Centers nationwide

Products
  
Savings; checking; consumer loans; mortgages; credit cards; investments; online banking

Profiles

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Membership

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

Contents

  • 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 that 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.

    • 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.

    Bauer Financial , 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%.

    References

    Michigan Schools and Government Credit Union Wikipedia
    (Text) CC BY-SA