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Michigan Schools And Government Credit Union
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Michigan Schools And Government Credit Union Share
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Overview Share
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Michigan Schools And Government Credit Union is a federally insured state credit union based in Clinton Townshi, Michigan. It has been opened since 1954, for 68 years.

With around $2,035,660,000 in assets, Michigan Schools And Government Credit Union is considered to be a very large credit union. It has 14 branches and 14 ATM locations.

About Share
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Address 40400 Garfield Road
Clinton Townshi, Michigan 48038
Website http://www.msgcu.org
Phone (586) 263-8800
Fax (586) 286-2638
CEO Peter D. Gates
President of the Board William Cayen
Services Offered
Score Card Share
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68 years
Years in business
Opened in 1954
Well Capitalized
Net worth classification
Source: NCUA
127,825 members
Membership type: State chartered natural person credit union
Above average number of members
405:1
Credit union member to staff ratio
405 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$2,035,661,453
Total assets
Above average
14 branches
Compared with an average of 4 nationally and 4 in Michigan
Above average number of branches
0.15%
Savings interest rate
Compared to 0.3% nationally
10.80%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches Share
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14 branches
Compared with an average of 4 nationally and 4 in Michigan
Above average number of branches
Michigan Schools And Government Credit Union Branch Locations

Michigan Schools and Government Credit Union: Farmington Hills
29657 Orchard Lake Road
Farmington Hills, Michigan 48334
ATM Available
Michigan Schools and Government Credit Union: Royal Oak
31805 Woodward Avenue
Royal Oak, Michigan 48073
ATM Available
Michigan Schools and Government Credit Union: Livonia
20595 Farmington Road
Livonia, Michigan 48152
ATM Available
Michigan Schools and Government Credit Union: Mound Road
41031 Mound Road
Sterling Heights, Michigan 48314
ATM Available
Michigan Schools and Government Credit Union: Hall Road
45120 Marketplace Boulevard
Chesterfield, Michigan 48051
ATM Available
Michigan Schools and Government Credit Union: Chesterfield
34700 23 Mile Road
Chesterfield, Michigan 48047
ATM Available
Michigan Schools and Government Credit Union: Shelby
8770 23 Mile Road
Shelby Township, Michigan 48316
ATM Available
Michigan Schools and Government Credit Union: Madison Heights
480 W. 12 Mile Road
Madison Heights, Michigan 48071
ATM Available
Michigan Schools and Government Credit Union: Hayes Road
48945 Hayes Road
Shelby Township, Michigan 48315
ATM Available
Michigan Schools and Government Credit Union: Main
40400 Garfield Road
Clinton Township, Michigan 48038
ATM Available
Michigan Schools and Government Credit Union: Troy
4555 Investment Drive
Troy, Michigan 48098
ATM Available
Michigan Schools and Government Credit Union: Warren
13602 E. 14 Mile Road
Warren, Michigan 48088
ATM Available
Michigan Schools and Government Credit Union: Sterling Heights
2356 Metropolitan Parkway
Sterling Heights, Michigan 48310
ATM Available
Michigan Schools and Government Credit Union: Shores
24515 Little Mack Avenue
Saint Clair Shores, Michigan 48080
ATM Available
Members Share
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127,825 members
Membership type: State chartered natural person credit union
Above average number of members

With 127,825 members, the Michigan Schools And Government Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 97% of credit unions.

Fees Share
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$50
Average fee per member
The average fee per member at the Michigan Schools And Government Credit Union is $50, which is comparable to most credit unions. This rate is lower than 49% of all credit unions.
Fees are average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Michigan Schools And Government Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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405:1
Credit union member to staff ratio
405 per each FTE employee
Compared to 411:1 nationally
Average number of staff
316 staff members
FTE (full-time equivalent)
8% of employees are part-time
302 full-time, 28 part-time

Michigan Schools And Government Credit Union has 302 full-time staff members and 28 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 92% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Michigan Schools And Government Credit Union has around 405 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets Share
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$2,035,661,453
Total assets
Above average
Net worth Share
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
12.5%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases Share
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$15,973
Average loan and lease size
Loan & lease sizes are big! They are bigger than at 83% of credit unions.

Michigan Schools And Government Credit Union holds a total of $1,669,280,000 in loans and leases, which is about $15,973 per member on average.

Savings interest rate Share
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0.15%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Michigan Schools And Government Credit Union pays 0.15%.

Loan rates Share
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10.80%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
11.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
2.74%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates Share
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2.74%
New car loan rate
Compared to 4.0% nationally
3.49%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates Share
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6.75%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
3.74%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally

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Similar Credit Unions to Michigan Schools And Government Credit Union

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Michigan Schools and Government Credit Union: Troy
Credit Union Branch: 4555 Investment Drive
Troy, Michigan 48098 ATM Available
Michigan Schools and Government Credit Union: Chesterfield
Credit Union Branch: 34700 23 Mile Road
Chesterfield, Michigan 48047 ATM Available
Michigan Schools and Government Credit Union: Livonia
Credit Union Branch: 20595 Farmington Road
Livonia, Michigan 48152 ATM Available
Michigan Schools and Government Credit Union: Hayes Road
Credit Union Branch: 48945 Hayes Road
Shelby Township, Michigan 48315 ATM Available
Michigan Schools and Government Credit Union: Main
Credit Union Branch: 40400 Garfield Road
Clinton Township, Michigan 48038 ATM Available
Michigan Schools and Government Credit Union: Shelby
Credit Union Branch: 8770 23 Mile Road
Shelby Township, Michigan 48316 ATM Available
Michigan Schools and Government Credit Union: Hall Road
Credit Union Branch: 45120 Marketplace Boulevard
Chesterfield, Michigan 48051 ATM Available
Michigan Schools and Government Credit Union: Royal Oak
Credit Union Branch: 31805 Woodward Avenue
Royal Oak, Michigan 48073 ATM Available
Michigan Schools and Government Credit Union: Farmington Hills
Credit Union Branch: 29657 Orchard Lake Road
Farmington Hills, Michigan 48334 ATM Available
Michigan Schools and Government Credit Union: Mound Road
Credit Union Branch: 41031 Mound Road
Sterling Heights, Michigan 48314 ATM Available