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Michigan Schools And Government Credit Union


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/3/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/3/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/3/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/3/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
www.msgcu.org
866-674-2848
40400 Garfield Rd
Clinton Township, MI 48038

Michigan Schools And Government Credit Union is headquartered in Clinton Township and is the 6th largest credit union in the state of Michigan. It is also the 122nd largest credit union in the nation. It was established in 1954 and as of March of 2025, it had grown to 454 employees and 153,455 members at 22 locations. Michigan Schools And Government Credit Union's savings rates are 4X the national average, and it boasts an A+ health rating.

Field of Membership Restrictions

Membership in Michigan Schools and Government Credit Union is open anyone who lives, works, worships, or attends school in any Michigan county.
See current membership details

Reviews (1)

Impressed!

Posted by: |

Just became a member, and so far am impressed! Super easy to join via online application. Approved within a day. Funding via wire went smoothly. Customer portal is pretty good. Have talked with 3 different reps (with questions), and every single person I spoke with was knowledgeable and helpful. Plus, they just seemed to be genuinely happy people (!). Big contrast to folks at other banks and CUs in that regard. Read that one of the local papers (maybe Detroit Free Press) awarded them with a "top workplace" or similar award for many years running, so presumably they must have a good culture with happy employees. Also like that there are (at current time) 17 brick and mortar locations to visit if needed. So far, so good!

1


Health
A+

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
NCUA #62049
Year Chartered1954
Employees454
Primary Regulator
Profit Margin
Return on Assets - YTD0.41%
Return on Equity - YTD3.43%
Annual Interest Income$47.7MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$3.97B$3.67B
LoansQ1 2025vs Q1 2024$3.41B$3.13B
DepositsQ1 2025vs Q1 2024$3.34B$2.97B
Equity CapitalQ1 2025vs Q1 2024$468.5MM$436.5MM
Loan Loss AllowanceQ1 2025vs Q1 2024$20MM$17.7MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$14.3MM$9.8MM
Real Estate OwnedQ1 2025vs Q1 2024$229K$100K
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/3/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/3/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/3/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/3/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates
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* 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.85%*$200k*-Gold Savings Account
OTHER TIERS: 0.10% → $0 - $50k | 1.00% → $50k - $75k | 1.20% → $75k - $100k | 1.80% → $100k - $200k
1.85%*$200k*-Business Essential Savings Plus
OTHER TIERS: 1.00% → $50k - $75k | 1.20% → $75k - $100k | 1.80% → $100k - $200k
0.70%*$40k*-Silver Savings Account
OTHER TIERS: 0.10% → $0 - $100 | 0.35% → $100 - $5k | 0.50% → $5k - $10k | 0.60% → $10k - $20k | 0.65% → $20k - $40k
0.70%*$25k*-Business Essential Savings
OTHER TIERS: 0.10% → $0 - $5k | 0.35% → $5k - $15k | 0.60% → $15k - $25k
0.30%$0-Health Savings Account
0.30%$0-Holiday Club
0.15%$5-Regular Share
0.15%$0-You-Name-It Share Account

Michigan Schools And Government Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$25k*-Money Market Checking
OTHER TIERS: 0.20% → $2.5k - $25k

Michigan Schools And Government Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$100k*- Business Essential Checking Plus
OTHER TIERS: 0.10% → $10k - $25k | 0.25% → $25k - $50k | 0.30% → $50k - $100k

Michigan Schools And Government Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%$500-9 Month CD Special
4.05%$500-18 Month CD Special
3.50%$500-5 Year CD
3.25%$500-3 Year CD
3.25%$500-4 Year CD
3.00%$500-12 Month CD
3.00%$500-2 Year CD
2.50%$500-6 Month CD
2.25%$250-2 Year Grow with Me CD
1.75%$250-1 Year Grow with Me CD
1.50%$250-6 Month Grow with Me CD

Michigan Schools And Government Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%$500-9 Month IRA Special
4.05%$500-18 Month IRA Special
3.50%$500-5 Year IRA CD
3.25%$500-3 Year IRA CD
3.25%$500-4 Year IRA CD
3.00%$500-2 Year IRA CD
3.00%$500-12 Month IRA CD
2.50%$500-6 Month IRA CD
0.30%$0-IRA Account
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