Featured Savings Rates
Featured Accounts

Michigan Schools And Government Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.85%18-month CD18 Month CD
1.85%18-month IRA18 Month IRA CD (Traditional, Roth, CESA)
2.40%5-year CD5 Year CD

Overview / Commentary
586-263-8800
40400 Garfield Rd
Clinton Township, MI 48038-4004

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 134th largest credit union in the nation. It was established in 1954 and as of September of 2017, it had grown to 293 employees and 117,161 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

Related Posts

Michigan Schools & Govt Credit Union's 18-Month CD Now At 1.85% APY - 11/24/2017

Michigan Schools and Government CU has upped the rate on its 18-month CD (1.85% APY). Minimum deposit is $500, with no balance cap. Also offered as an IRA.

Michigan Schools & Government CU Ups 18-month CD Rate - 7/28/2017

Michigan Schools and Government Credit Union has raised the rate on its 18-month CD (1.70% APY). The minimum deposit is $500. Also offered as an IRA.

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Reviews (1)

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
A+

Health Grade Components

Overall
NCUA #62049
Year Chartered1954
Employees293
Primary Regulator
Profit Margin
Return on Assets - YTD1.45%
Return on Equity - YTD11.83%
Annual Interest Income$55.2MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$1.82B$1.63B
LoansQ3 2017vs Q3 2016$1.44B$1.20B
DepositsQ3 2017vs Q3 2016$1.57B$1.43B
Equity CapitalQ3 2017vs Q3 2016$221.7MM$194.4MM
Loan Loss AllowanceQ3 2017vs Q3 2016$14.4MM$15.9MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$5.1MM$3.6MM
Real Estate OwnedQ3 2017vs Q3 2016$411.00K$766.00K
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
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
0.50%--Holiday Club
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
0.15%--Regular Share
0.15%--You-Name-It Share Account

Michigan Schools And Government Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$25k*-Money Market Checking
OTHER TIERS: 0.10% $2,500 - $10k | 0.15% $10k - $25k

Michigan Schools And Government Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.40%$500-5 Year CD
2.00%$500-4 Year CD
1.85%$500-18 Month CD
1.75%$500-3 Year CD
1.55%$500-2 Year CD
1.25%$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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.40%$500-5 Year IRA CD
2.00%$500-4 Year IRA CD
1.85%$500-18 Month IRA CD
1.75%$500-3 Year IRA CD
1.55%$500-2 Year IRA CD
1.25%$500-1 Year IRA CD
0.65%$500-6 Month IRA CD
Locations

Availability