Featured Savings Rates
Featured Accounts

Michigan Schools And Government Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.80%5-year CD5 Year CD
0.40%1-year CD1 Year Grow with Me CD
0.15%SavingsYou-Name-It Share Account

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 7th largest credit union in the state of Michigan. It is also the 141st largest credit union in the nation. It was established in 1954 and as of September of 2016, it had grown to 259 employees and 107,239 members at 12 locations. Michigan Schools And Government Credit Union's CD rates are 11% 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
A+

Health Grade Components

Overall
NCUA #62049
Year Chartered1954
Employees259
Primary Regulator
Profit Margin
Return on Assets - YTD1.36%
Return on Equity - YTD11.32%
Annual Interest Income$45.6MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$1.63B$1.53B
LoansQ3 2016vs Q3 2015$1.20B$1.17B
DepositsQ3 2016vs Q3 2015$1.43B$1.32B
Equity CapitalQ3 2016vs Q3 2015$194.4MM$171.8MM
Loan Loss AllowanceQ3 2016vs Q3 2015$15.9MM$18.2MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$3.6MM$6.9MM
Real Estate OwnedQ3 2016vs Q3 2015$766.00K$1.6MM
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
0.60%--Health Savings Account
0.55%*$90k*-Gold Savings Account
OTHER TIERS: 0.45% $50k - $70k | 0.50% $70k - $90k
0.40%*$40k*-Silver Saving Account
OTHER TIERS: 0.15% $100 - $10k | 0.20% $10k - $20k | 0.25% $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

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 Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.80%$500-5 Year CD
1.60%$500-4 Year CD
1.40%$500-2 Year CD
1.20%$500-3 Year CD
1.00%$500-1 Year CD
0.70%$250-2 Year Grow with Me CD
0.40%$500-6 Month CD
0.40%$250-1 Year Grow with Me CD
0.25%$250-6 Month Grow with Me CD

Michigan Schools And Government Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.80%$500-5 Year IRA CD
1.60%$500-4 Year IRA CD
1.40%$500-2 Year IRA CD
1.20%$500-3 Year IRA CD
1.00%$500-1 Year IRA CD
0.40%$500-6 Month IRA CD
Locations

Michigan Schools And Government Credit Union has 12 locations. Click to view all Michigan Schools And Government Credit Union locations.