MICHIGAN SCHOOLS AND GOVERNMENT

40400 GARFIELD ROAD
Clinton Townshi, MI 48038

2019 Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 62049
Date Established 1954
Assets $2,255.20 million
Loans $1,746.90 million
Deposits $1,912.12 million
Capital $270.73 million
 

Michigan Schools And Government is an NCUA insured institution located in Clinton Townshi, MI. It was founded in 1954 and has approximately $2255.2 millions in assets.

Who can join?

Employees, students, former students, alumni, and retirees of educational institutions in the Michigan counties of Genesee, Lapeer, Livingston, Macomb, Oakland, St. Clair, Washtenaw, and Wayne. This includes anyone that went to school in any of these counties or is related to someone that does/did.

Elected officials, appointed officials, employees, and retirees of any department or agency of the federal government of any state, county, or local government or political subdivision thereof located within the Michigan counties of Genesee, Lapeer, Livingston, Macomb, Oakland, St. Clair, Washtenaw, and Wayne.

Employees or members of employer groups or other organized groups or businesses which are located within 25 miles of any Credit Union office.

Any person over age 55 who receives a retirement annuity, pension, social security, or similar retirement payment from private or government sources, and lives in, or belongs to a retirement organization located in Genesee, Lapeer, Livingston, Macomb, Oakland, St. Clair, Washtenaw, or Wayne Counties.

A spouse of a deceased member if accepted into membership prior to remarriage.

Members of MSGCU who attained membership through other eligibility requirements in place prior to 8/1/2006 will retain their membership.
Relatives by blood or marriage of any of the above. Relatives are eligible to join even if above individuals are not members.

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.

Deposit Rates - October 21, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
0.25% $2,500 $4,999 Learn MoreShow Less
Money Market
0.35% $10,000 $24,999 Learn MoreShow Less
Money Market
0.45% $25,000 - Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA
2.00% $500 - Learn MoreShow Less
Special: 23 Mo FIRA
2.30% $500 - Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.80% $500 - Learn MoreShow Less
12 Mo CD
2.00% $500 - Learn MoreShow Less
Special: 23 Mo CD
2.30% $500 - Learn MoreShow Less
24 Mo CD
1.90% $500 - Learn MoreShow Less
36 Mo CD
2.30% $500 - Learn MoreShow Less
48 Mo CD
2.50% $500 - Learn MoreShow Less
60 Mo CD
2.60% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.50% $1 - Learn MoreShow Less

Loan Rates - October 21, 2019

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for MICHIGAN SCHOOLS AND GOVERNMENT

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.523% 3.500% 0.25 $732 $1,123 Learn More
First Internet Bank
NMLS ID: 424182
3.750% 3.750% -0.13 ($158) $1,158 Learn More
Rocket Mortgage
NMLS ID: 3030
4.875% 4.875% 0.00 $0 $1,324 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.990 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
Intro APR
3.990 %
After Intro: 5.250 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to MICHIGAN SCHOOLS AND GOVERNMENT
To upload and update your bank's rates please register. It is free to register and add rates.



Branches

Below are Michigan Schools And Government branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Michigan Schools And Government Locations


Financial Details

Michigan Schools And Government Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Michigan Schools And Government. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Michigan Schools And Government U.S. Average
3.54% 5.86

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of June 30, 2019, Michigan Schools And Government had $9,031,516 in non-current loans and $1,022,694 in owned assets. To cover these potential losses it had $270,733,999 in net worth and $12,939,954 in loans loss reserves. That gives it a Texas Ratio of 3.54%.

Net Worth
Michigan Schools And Government U.S. Average
12% 13.65%

Michigan Schools And Government FCU has a net worth of 12% versus the BestCashCow average of 13.65. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Michigan Schools And Government

Branches and Savings

What is Michigan Schools And Government?

A federal credit union, registered with the NCUA under certificate #62049.
Learn more about credit unions here.

Is Michigan Schools And Government FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Michigan Schools And Government?

Please see Field of Membership information above for information on who is eligible to join.

What are Michigan Schools And Government's share account and share certificate rates?

Michigan Schools And Government's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Michigan Schools And Government?

Michigan Schools And Government has total capital of $270.73 million. Full information on Michigan Schools And Government's financial position is located above.

Who owns Michigan Schools And Government?

Credit Unions are owned by their members.

Where are Michigan Schools And Government branches located?

See branch locations nearby.

Are Michigan Schools And Government ATMs Open 24/7?

Do Michigan Schools And Government ATMs accept cash deposits?

Can Michigan Schools And Government customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Michigan Schools And Government have a mobile app?

Does Michigan Schools And Government have mobile deposit?

Does Michigan Schools And Government have quick pay?

How can Michigan Schools And Government transfer money to other banks or credit unions?

Does Michigan Schools And Government report to credit bureaus?

Does Michigan Schools And Government use Chexsystems?

Does Michigan Schools And Government use Equifax?

What is Michigan Schools And Government's toll free phone number?

What is Michigan Schools And Government's ACH Routing Number?

What is Michigan Schools And Government's SWIFT code?

Where can I find Michigan Schools And Government's wire transfer form?

What is the Michigan Schools And Government address for deposits?

What Products Does Michigan Schools And Government Offer

Does Michigan Schools And Government offer mortgages?

Compare mortgage rates here.

Does Michigan Schools And Government offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Michigan Schools And Government offer auto and RV loans?

Compare auto loan rates here.

Does Michigan Schools And Government offer student loans or personal loans?

Compare personal loan rates here.

Customer Reviews for Michigan Schools And Government


  • August 06, 2019

    CDs 12 Month Rates

    These people are crooks. They make up ways to steal your money through fees. They will short you on your interest. Beware!

  • December 01, 2018

    CDs 12 Month Rates

    Staff

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