Michigan Schools And Government Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.70% | 18-month CD | 18 Month CD 1.45% - Synchrony Bank 18 Month CD |
| 1.70% | 18-month IRA | 18 Month IRA CD (Traditional, Roth, CESA) 0.75% - National Average |
| 2.05% | 5-year CD | 5 Year CD 2.25% - Ally Bank High Yield 5 Year CD |
Michigan Schools And Government Credit Union is headquartered in Clinton Township and is the 7th largest credit union in the state of Michigan. It is also the 138th largest credit union in the nation. It was established in 1954 and as of June of 2017, it had grown to 284 employees and 114,859 members at 13 locations. Michigan Schools And Government Credit Union's savings rates are 44% higher than the national average, and it boasts an A+ health rating.
Field of Membership Restrictions
Membership in Michigan Schools and Government Credit Union is open to the following: (1) those who live, work, worship or attend school in Michigan’s lower peninsula; (2) employees, students, alumni, retirees, and former students of any educational institution in Genesee, Lapeer, Livingston, Macomb, Oakland, St. Clair, Washtenaw and Wayne Counties in Michigan and their families; (3) any person over age 55 receiving retirement payments and live in or belong to a retirement organization in the counties above; (4) employees or retirees of any federal, state, county, or local government department or agency in the above counties.
See current membership details
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Michigan Credit Union
It was a great place to bank. The offered nice bonuses for referring someone to them, and also when someone switched there insurance to them, the referee got a bigger bonus. Their overdraft fees were also a lot less than regular banks I've held accounts. There customer service was hit or miss though. Sometimes you'd get someone who was very kind and helpful or occasionally someone extremely rude. Overall it's my favorite bank I've held an account.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 62049 |
| Year Chartered | 1954 |
| Employees | 284 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.49% |
| Return on Equity - YTD | 12.25% |
| Annual Interest Income | $36.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2017vs Q2 2016 | $1.78B$1.61B |
| Loans | Q2 2017vs Q2 2016 | $1.39B$1.18B |
| Deposits | Q2 2017vs Q2 2016 | $1.56B$1.41B |
| Equity Capital | Q2 2017vs Q2 2016 | $215.2MM$188.0MM |
| Loan Loss Allowance | Q2 2017vs Q2 2016 | $13.9MM$17.3MM |
| Unbacked Noncurrent Loans | Q2 2017vs Q2 2016 | $4.4MM$4.8MM |
| Real Estate Owned | Q2 2017vs Q2 2016 | $270.00K$644.00K |
Always verify rates and promotions with the bank or credit union. We are not Michigan Schools And Government Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Michigan Schools And Government Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.75%* | $200k* | - | Gold Savings Account | ||
| OTHER TIERS: 0.10% → Up to $50k | 0.55% → $50k - $75k | 0.60% → $75k - $100k | 0.65% → $100k - $200k | |||||
| 0.60% | - | - | Health Savings Account | ||
| 0.45%* | $40k* | - | Silver Savings Account | ||
| OTHER TIERS: 0.10% → Up to $100 | 0.20% → $100 - $10k | 0.25% → $10k - $20k | 0.30% → $20k - $40k | |||||
| 0.30% | - | - | IRA Account | ||
| 0.25% | - | - | Holiday Club | ||
| 0.15% | - | - | Regular Share | ||
| 0.15% | - | - | You-Name-It Share Account | ||
| 0.15% | $100 | - | Business Savings Account | ||
Michigan Schools And Government Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.20%* | $25k* | - | Money Market Checking | ||
| OTHER TIERS: 0.10% → $2,500 - $10k | 0.15% → $10k - $25k | |||||
Michigan Schools And Government Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.25%* | $250k* | - | Business Checking | ||
| OTHER TIERS: 0.10% → Up to $100k | 0.15% → $100k - $250k | |||||
Michigan Schools And Government Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.05% | $500 | - | 5 Year CD | |
| 1.85% | $500 | - | 4 Year CD | |
| 1.75% | $500 | - | 3 Year CD | |
| 1.70% | $500 | - | 18 Month CD | |
| 1.55% | $500 | - | 2 Year CD | |
| 0.95% | $500 | - | 1 Year CD | |
| 0.85% | $250 | - | 2 Year Grow with Me CD | |
| 0.65% | $500 | - | 6 Month CD | |
| 0.65% | $250 | - | 1 Year Grow with Me CD | |
| 0.50% | $250 | - | 6 Month Grow with Me CD |
Michigan Schools And Government Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.05% | $500 | - | 5 Year IRA CD | |
| 1.85% | $500 | - | 4 Year IRA CD | |
| 1.75% | $500 | - | 3 Year IRA CD | |
| 1.70% | $500 | - | 18 Month IRA CD | |
| 1.55% | $500 | - | 2 Year IRA CD | |
| 0.95% | $500 | - | 1 Year IRA CD | |
| 0.65% | $500 | - | 6 Month IRA CD |
