Can anyone join the Michigan Schools and Government Credit Union?
Sixty years ago, a small group of educators and other school employees came together to form a credit union in Clinton Township. Today, MSGCU is over 98,000 members strong. While we have grown significantly since that landmark day in December 1954, we remain dedicated to every single member, every day.
What is the most popular credit union in Michigan?
272480173
What time does Michigan Schools and Government Credit Union open?
Steve Brewer
Are credit unions safer than banks in a crash?
Founded by a group of educators more than 66 years ago, MSGCU is happy to welcome anyone in the State of Michigan to join.
What is the easiest credit union to join?
Branch offices are open: Monday through Wednesday: 9 AM ? 5 PM Thursday and Friday: 9 AM ? 6 PM…
Why use a credit union instead of a bank?
Like banks, which are federally insured by the FDIC, credit unions are insured by the NCUA, making them just as safe as banks.
Are credit unions more forgiving?
Better rates on savings accounts and loans: Credit unions offer higher interest rates on savings accounts and lower rates on loans?exactly what consumers want. Higher interest rates on bank accounts help your money grow faster, while lower rates on loans make it cheaper to borrow money.
What is the downside of a credit union?
Credit unions operate to promote the well-being of their members. Profits made by credit unions are returned back to members in the form of reduced fees, higher savings rates and lower loan rates.
Although credit unions have rules regulating…
Although credit unions have rules regulating who can join or qualify for certain loans, they’re generally much more forgiving than banks. Once you join the institution, you automatically become a member for life. This means you can operate a checking account, make an application for a credit card, or borrow money.
The downside of credit unions include:…
The downside of credit unions include: the eligibility requirements for membership and the payment of a member fee, fewer products and services and limited branches and ATM’s. If the benefits outweigh the downsides, then joining a credit union might be the right thing for you.
Michigan Schools and Government Credit Union names new …
Michigan Schools and Government Credit Union names new CEO Tags By Frank Gargano October 25, 2022, 1:52 p.m. EDT 1 Min Read REGISTER NOW Michigan Schools and Government Credit Union in Clinton Township has promoted Steve Brewer to be its next president and chief executive.The $3.2 billion-asset credit union announced that Brewer, who has been with MSGCU for more than 20 years as its chief financial officer, will step into his new roles on Nov. 1. He succeeds Pete Gates, who according to his LinkedIn profile has been at the helm since 1998 and plans to retire this year.”Looking forward, it was a priority for our board of directors to select a successor who will continue MSGCU’s dedication to our mission of promoting financial success for our members. … Steve embraces our strong culture and exceptional service to members,” William Cayen, board chair of MSGCU, said in a press release Tuesday.The…
Michigan Schools and Government CU Names New CEO
Michigan Schools and Government CU Names New CEO | Credit Union Times News Steve Brewer is set to take over the helm on Nov. 1 for the retiring Pete Gates. Steve Brewer The board of directors of the Michigan Schools and Government Credit Union said Tuesday that Steve Brewer will become the new CEO of the Clinton Township-based financial cooperative on Nov. 1. He will succeed Pete Gates who announced his retirement plans in June. During his tenure, the credit union has grown from assets of $275 million to $3.2 billion, while loans increased from $102 million to $2.7 billion, and membership quadrupled. Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership. Your access to unlimited CUTimes.com content isn’t changing.Once you are an ALM digital member, you’ll receive: Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources…