Overview

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Est.

1954

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

Michigan Schools and Government Credit Union (EIN: 38-1629793) is a nonprofit financial institution that has been serving the community for 70 years, focusing on Michigan. With an operating budget of $176.9 million and total revenue of $201.6 million, MSGCU offers a range of financial products and services, including loans, mortgages, and financial education, to over 152,000 members across 22 branches. The organization has consistently achieved high member satisfaction ratings and has been recognized as a top workplace, while it does not rely on a single funder for more than 50% of its revenue.

Mission Statement

FOUNDED BY EDUCATORS, MICHIGAN SCHOOLS AND GOVERNMENT CREDIT UNION HAS BEEN PROVIDING QUALITY FINANCIAL SERVICES FOR 70 YEARS AND WELCOMES EVERYONE IN MICHIGAN TO BANK WITH US. AS A NOT-FOR-PROFIT, WE GIVE BACK TO OUR MEMBERS THROUGH BETTER RATES, FEWER FEES, FREE FINANCIAL EDUCATION, GRANTS, SCHOLARSHIPS, AND COMMUNITY SUPPORT. WE WORK WITH OUR MEMBERS TO PERSONALIZE PLANS AND OFFER PRODUCTS AND SERVICES TO HELP MEET THEIR FINANCIAL GOALS AND INCREASE THEIR FINANCIAL KNOWLEDGE. MSGCU OFFERS A FULL RANGE OF LOAN, DEPOSIT, CHECKING, CREDIT CARD, MORTGAGE, AND INSURANCE PRODUCTS. WITH 22 BRANCHES IN MACOMB, OAKLAND, WAYNE AND WASHTENAW COUNTIES, MSGCU HAS MORE THAN 152,000 MEMBERS, OVER 455 TEAM MEMBERS, $3.9 BILLION IN ASSETS, AND EARNED A 95% OR HIGHER MEMBER SATISFACTION RATING FOR OVER 20 YEARS. MSGCU HAS ALSO EARNED FIVE STARS, AS REPORTED BY BAUER FINANCIAL, FOR MORE THAN 30 YEARS, AND HAS BEEN HONORED AS A TOP WORKPLACE BY THE DETROIT FREE PRESS FOR THE PAST 12 YEARS.
Revenues
$201.6M
Expenses
$177.1M
Net Income:
+$24.5M
Assets
$3.9B
Liabilities
$3.4B
Net Assets:
+$464.5M
Operating Budget
$176.9M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$10K
Largest grant received
$10K
S
Steve Brewer
Board Member
V
Vallorie McBride
Board Member
R
Richard Maierle
Board Member

Frequently Asked Questions

What is MICHIGAN SCHOOLS AND GOVERNMENT CREDIT UNION’s budget?
In 2024, MICHIGAN SCHOOLS AND GOVERNMENT CREDIT UNION reported an annual operating budget of around $176.9 million. More detailed financial information is available to registered users.
What causes does MICHIGAN SCHOOLS AND GOVERNMENT CREDIT UNION support?
MICHIGAN SCHOOLS AND GOVERNMENT CREDIT UNION supports work in Credit unions.
Where does MICHIGAN SCHOOLS AND GOVERNMENT CREDIT UNION operate?
MICHIGAN SCHOOLS AND GOVERNMENT CREDIT UNION is headquartered in Clinton Township, MI.
Who funded MICHIGAN SCHOOLS AND GOVERNMENT CREDIT UNION recently?
In 2020, MICHIGAN SCHOOLS AND GOVERNMENT CREDIT UNION received grants from MICHIGAN CREDIT UNION FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant MICHIGAN SCHOOLS AND GOVERNMENT CREDIT UNION received in 2020?
The largest grant to MICHIGAN SCHOOLS AND GOVERNMENT CREDIT UNION in 2020 exceeds $10 thousand.