Michigan Schools And Government Credit Union

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A short history of Michigan Schools And Government CU

Since its inception in 1954 the Michigan Schools And Government Credit Union has been serving its members in the Clinton Townshi, Michigan area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Peter Gates, the Michigan Schools And Government CU has grown its membership to over 114,859 with assets of more than $1,782,320,624. They have a main office and 13 branch offices. Please see the credit unions website or contact them by phone at (586) 263-8800 or email them at service@msgcu.org to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Clinton Townshi, MI.

General Information For Michigan Schools And Government CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 62049
Address 40400 Garfield Road 
City Clinton Townshi 
State Michigan 
Zip-Code 48038
Phone Number (586) 263-8800
Fax Number (586) 286-2638
Email Address: service@msgcu.org
CEO/President Peter Gates
Members 114,859 
Full-Time Employees 284 
Part-Time Employees 30 
Number of Branch Offices 13 
Total Assets 1,782,320,624 
Website http://www.msgcu.org 

Compare Michigan Schools And Government Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Motor City Co-op CU Roseville Office 27454 Gratiot Ave 48066 (586) 228-8484 No 2.18
Freestar Financial CU Selfridge 44200 N Jefferson Ave # 715 48046 (586) 783-5283 No 2.78
Live Life CU sterling heights community federal credit union 34206 Van Dyke Ave 48312 (586) 268-3720 No 5.20
The Local CU The Local Credit Union 39139 Mound Rd 48310 (586) 264-1212 No 6.18
Fme CU northville c/o hayes lemmerz 48168 (734) 737-5064 No 6.31

Michigan Schools And Government Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Michigan Schools And Government Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 10.78 2.24 2.74 3.66 6.25
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 322 56 70 89 368
Rank Among All Michigan Credit Unions 53 11 17 15 75

Michigan Schools And Government Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.15 0.49 0.70 0.30
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 119 62 225 259
Rank Among All Michigan Credit Unions N/A 14 9 50 56
Michigan Schools And Government Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 10.78026,27569,576,839
All Other Unsecured Loans/Lines of Credit 11.00020,97041,150,884
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.24010,657229,871,750
Used Vehicle Loans 2.74023,927321,665,622
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.6604,397550,216,317
Total Other Real Estate Loans/Lines of Credit 6.2503,37590,234,421
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 2.2403,29086,188,816
TOTAL LOANS & LEASES 92,8911,388,904,649

Michigan Schools And Government Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 2,504319,411,90030149,811,772
    b. 15 Years or less 1,487130,725,24817522,660,513
Balloon/Hybrid
    a. > 15 years 10433,617,28542,868,900
    b. 15 Years or less 29865,866,8871932,776,824
Other Fixed Rate 132,65800
Adjustable Rate 1 yr or less 3562,3392417,000
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 1,36646,012,12235615,821,124
Closed-End Adjustable Rate 22177,18600
Open-End Adjustable Rate 1,98744,045,11320511,084,730
Open-End Fixed Rate 0014,000,000
TOTALS 7,772640,450,7381,063139,440,863

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 133,815,4106,217,000
Interest Only & Payment Option Other RE/LOC Loans 3387,852,7334,000,000
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Michigan Schools And Government Credit Union Member Offerings
First Time Homebuyer Program Yes
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing No
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes