Press

MSGCU wins high honors for financial literacy and member services initiatives for first responders

CLINTON TOWNSHIP, MI (October 31, 2013) — Michigan Schools and Government Credit Union (MSGCU) has been selected by the Michigan Credit Union League (MCUL) as a recipient of three prestigious awards. The Credit Union was awarded first place for the 2013 Louise Herring Award and the 2013 Desjardins Youth Financial Education Award, as well as an honorable mention for the 2013 Desjardins Adult Financial Education Award.

“Every day, our goal is to live up to the credit union philosophy of ‘people helping people,’ as well as our dedication to our members and helping them set their finances right,” said MSGCU President and CEO Peter Gates. “To be recognized for our efforts with these awards is an honor.”

The Louise Herring Philosophy-in-Action Member Service Award recognizes efforts to materially improve members’ lives through special programs. MSGCU received a first place accolade for its First Responders Initiative, which assists those working the first responder fields of fire, police, medical and military. This initiative included the creation of two programs: 1) the 0% First Responders Loan, which  is designed to help first responders avoid dipping into their savings for supplies needed to do their duties, and 2) the First Responders Scholarship, which awards scholarships to students enrolled in the Police and Fire Academies at Macomb Community College and Oakland Community College.

The Desjardins Youth Financial Education Award was established to recognize efforts that support educating youth about personal finance. It identifies the Credit Union’s involvement in community activities as well as scholastic resources to raise financial literacy awareness. The Credit Union was honored with a first place accolade for its 2013 efforts, which included hosting free educational workshops, presenting at local schools, holding a high school marketing class contest and offering award-winning youth savings programs for children and teenagers.

MSGCU also won an honorable mention in the Desjardins’ Adult category for hosting free educational workshops; providing free financial coaching for members; and highlighting the issue of financial illiteracy by offering personal finance instruction for adults at more than 400 site visits at local schools, government offices, businesses and more.

About Michigan Schools and Government Credit Union (MSGCU):
For nearly 60 years, Michigan Schools and Government Credit Union has been providing quality financial services to its members. Founded by a few teachers, MSGCU now has more than 75,000 members, over $1.3 billion in assets and more than 240 employees. The credit union has consistently received Bauer Financial’s highest rating, five stars, and has obtained a member satisfaction rating of 97% in 2013. With 11 offices located throughout Macomb and Oakland Counties, MSGCU offers a full range of personal- and business-related financial services. For more information, visit www.msgcu.org, or call 586.263.8800 or 1.866.MSGCU4U.


More News