Michigan Schools And Government Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.90% | 5-year CD | 5 Year CD 2.35% - Synchrony Bank 60 Month CD |
| 0.40% | 1-year CD | 1 Year Grow with Me CD 1.40% - Synchrony Bank 12 Month CD |
| 0.15% | Savings | You-Name-It Share Account 1.15% - CIT Bank Spring Savings |
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 139th largest credit union in the nation. It was established in 1954 and as of March of 2017, it had grown to 278 employees and 111,881 members at 12 locations. Michigan Schools And Government Credit Union's savings rates are 25% 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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Health Grade Components
| Overall | |
|---|---|
| NCUA # | 62049 |
| Year Chartered | 1954 |
| Employees | 278 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.54% |
| Return on Equity - YTD | 12.59% |
| Annual Interest Income | $18.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $1.75B$1.58B |
| Loans | Q1 2017vs Q1 2016 | $1.32B$1.16B |
| Deposits | Q1 2017vs Q1 2016 | $1.53B$1.39B |
| Equity Capital | Q1 2017vs Q1 2016 | $208.6MM$182.9MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $13.7MM$16.2MM |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $2.6MM$4.3MM |
| Real Estate Owned | Q1 2017vs Q1 2016 | $233.00K$812.00K |
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
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
Michigan Schools And Government Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.90% | $500 | - | 5 Year IRA CD | |
| 1.70% | $500 | - | 4 Year IRA CD | |
| 1.60% | $500 | - | 3 Year IRA CD | |
| 1.40% | $500 | - | 2 Year IRA CD | |
| 0.70% | $500 | - | 1 Year IRA CD | |
| 0.40% | $500 | - | 6 Month IRA CD |
Michigan Schools And Government Credit Union has 12 locations. Click to view all Michigan Schools And Government Credit Union locations.