Michigan Schools and Government Credit Union


The Michigan Schools and Government Credit Union is headquartered in Clinton Township, Michigan, and has a membership size of more than 125,000 and assets of over $2 billion as of January 2019. MSGCU was founded in 1954 and 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, which means its members' deposits are federally insured up to $250,000.
Michigan Schools and Government Credit Union currently has 15 branches located throughout Macomb, Oakland, and Wayne counties. 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 surcharge-free ATMs and 5,000 Service Centers nationwide.

Membership

MSGCU is open to all who reside, work, attend school, or worship in Lower Michigan. In addition, membership is opened to employees, former students, alumni, and retirees of educational institutions. Elected and appointed officials, employees, and retirees of the federal government of any state, county, or local government or political subdivision are also eligible to join.

Awards

The youth and adult financial education programs offered at MSGCU have received the Michigan Credit Union League's Desjardins Financial Education Award numerous times. Additionally, the MCUL has also awarded the credit union with the Louise Herring Award and Dora Maxwell Award for various member and community service efforts throughout the years.
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 has high member satisfaction and retention. For the past ten years, MSGCU has received a 97% member satisfaction rating during an independent survey performed by D. Hilton Associates Inc. In 2010, Raddon Financial Group ranked MSGCU's member retention rate at 99.5%.
MSGCU was awarded a 2018 Top Workplaces honor by The Detroit Free Press for the sixth year in a row. The Top Workplaces lists are based solely on the results of an employee feedback survey administered by Energage, LLC, a leading research firm that specializes in organizational health and workplace improvement. Several aspects of workplace culture were measured, including Alignment, Execution, and Connection.