Michigan Schools And Government Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.80% | 5-year CD | 5 Year CD 1.85% - Synchrony Bank 60 Month CD |
| 0.40% | 1-year CD | 1 Year Grow with Me CD 1.05% - Ally Bank High Yield 12-Month CD |
| 0.15% | Savings | You-Name-It Share Account 1.00% - Ally Bank Online Savings Account |
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 June of 2016, it had grown to 256 employees and 105,576 members at 12 locations. Michigan Schools And Government Credit Union has an A+ health rating.
Field of Membership Restrictions
Michigan Schools and Government Credit Union is open to the residents, church members, registered students, and the people that maintain employment within the entire state, as well as retired seniors that are residents receiving a retirement income compensation from any source, the current and retired/former, government employees of all levels, positions, titles, and office affiliations, the students, alumni, employees, staff, associates, and/or affiliates of any educational facility, association, and/or institution located or living within these qualified counties: Genesee, Lapeer, Livingston, Macomb, Oakland, St.Clair, Washtenaw, and Wayne.
See current membership details
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Data as of Q2 2016
Learn more about bank healthHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62049 |
| Year Chartered | 1954 |
| Employees | 256 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.26% |
| Return on Equity - YTD | 10.69% |
| Annual Interest Income | $30.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $1.61B$1.54B |
| Loans | Q2 2016vs Q2 2015 | $1.18B$1.17B |
| Deposits | Q2 2016vs Q2 2015 | $1.41B$1.34B |
| Equity Capital | Q2 2016vs Q2 2015 | $188.0MM$168.4MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $17.3MM$19.2MM |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $4.8MM$6.8MM |
| Real Estate Owned | Q2 2016vs Q2 2015 | $644.00K$687.00K |
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 |
|---|---|---|---|---|
| 1.80% | $500 | - | 5 Year IRA CD | |
| 1.60% | $500 | - | 4 Year IRA CD | |
| 1.30% | $500 | - | 2 Year IRA CD | |
| 1.20% | $500 | - | 3 Year IRA CD | |
| 0.65% | $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.