Michigan Schools And Government Credit Union

Michigan Schools And Government Credit Union is headquartered in Clinton Townshi and is the 8^th largest credit union in the state of Michigan. It is also the 151^st largest credit union in the nation. It was established in 1954 and as of December of 2012, it had grown to 193 employees and 69,959 members. Michigan Schools And Government Credit Union's savings rates are 15% higher than the national average, and it boasts a 5-star health rating.

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Data for Q4 2012

Institution Statistics MICHIGAN SCHOOLS AND GOVERNMENT NCUA # 62049 BankRate Report View Year Chartered 1954 Employees 193 Primary Regulator Assets and Liabilities Assets $1.23 billion Loans $667.11 million Deposits $1.09 billion Equity Capital $134.89 million Loan Loss Allowance $15.21 million Unbacked Noncurrent Loans $8.01 million Real Estate Owned $907,000 Historic Data - December 2011 Assets $1.13 billion Equity Capital $120.42 million Loan Loss Allowance $17.54 million Unbacked Noncurrent Loans $10.10 million Real Estate Owned $665,000 Profit Margin - Quarterly Net Interest Margin 5.34% Return on Assets 1.18% Return on Equity 10.73% Interest Income $41.33 million Non-Interest Income $8.97 million

Institution Health Overall Score: 5 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Michigan Schools And Government Credit Union had $8.91 million in non-current loans and owned real-estate with $150.11 million in equity and loan loss allowances on hand to cover it. This gives Michigan Schools And Government Credit Union a Texas Ratio of 5.94% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Michigan Schools And Government Credit Union decreased slightly from 7.80% as of December 31, 2011 to 5.94% as of December 31, 2012, resulting in a positive change of 23.90%.This indicates that the balance sheet and financial strength for Michigan Schools And Government Credit Union has improved slightly in recent periods. Deposit Growth In the past year, Michigan Schools And Government Credit Union has increased its total deposits by $84.37 million, resulting in 8.4% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Michigan Schools And Government Credit Union has shown is excellent. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Michigan Schools And Government Credit Union has $1.23 billion in assets with $150.11 million in equity, resulting in a capitalization level of 12.20%, which is excellent.

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