Michigan Schools and Government Credit Union to offer home equity workshops

CLINTON TOWNSHIP, MI (March 24, 2014) — Finally, home values in Metro Detroit are starting to increase, rising to levels not seen since the Great Recession. As a result, homeowners are starting to think about home improvement projects and how they can fund them. To help consumers make informed choices about borrowing to pay for these projects, Michigan Schools and Government Credit Union (MSGCU) is hosting an interactive workshop about home equity loans.

“Home values in Southeast Michigan have risen over 40% in the last year,” said Deborah Fahrney, Vice President of Retail Services. “Consumers are now confident they have equity in their homes and are excited to begin planning their home renovation projects.”

The workshop, “Home Equity 101,” will take place on two separate dates. The first is on Thursday, April 3 at 6 p.m. at the Macomb Township Parks and Recreation, located at 54111 Broughton Road in Macomb Township. The other will be held on Wednesday, April 16 at 6 p.m. at the Troy Community Center, located at 3179 Livernois Road in Troy. Attendees will learn how to identify the amount of equity available in their home, the types of home equity loans available, and typical financing terms of home equity loans.

Registration is required for this event and seating is limited, so call 586.263.8800, option 0, or e-mail

MSGCU offers many other services, including free financial counseling, to help their members reach their financial goals. For more information about membership eligibility, call 586.263.8800 or 1.866.MSGCU4U. Visit for more details about the products and services offered at Michigan Schools and Government Credit Union.

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 80,000 members, over $1.3 billion in assets and more than 250 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. In 2013, MSGCU was named one of the Top Workplaces in Michigan by The Detroit Free Press. 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, or call 586.263.8800 or 1.866.MSGCU4U.


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