MSGCU Recognized by Macomb Daily, Forbes, and LendingTree
CLINTON TOWNSHIP, MI (July 29, 2020) — Michigan Schools and Government Credit Union (MSGCU) is pleased to announce recent awards and recognitions received by Macomb Daily, Forbes and LendingTree.
“It is certainly an honor for MSGCU to be recognized by our members as a top credit union in Michigan and the nation,” said MSGCU President/CEO Pete Gates. “All of us at MSGCU are humbled by these awards. Most of all, we’re proud to be a caring organization dedicated to our members’ financial wellbeing, especially during these challenging times.”
Voted Best Credit Union by Macomb Daily
The Macomb Daily Best of the Best Readers Choice Awards recognizes outstanding businesses in four main categories. They include: Food and Drink, Services, Shopping, and Travel and Entertainment. In round one of the contest, readers were asked to nominate their favorite businesses. In round two from June 14-21, readers voted once per day on top nominated businesses. MSGCU was voted best credit union in the Services category.
Named one of Michigan’s Best Credit Unions by Forbes
Forbes partnered with market research firm Statista to produce the third annual ranking of the best credit unions in each state. Nearly 25,000 customers in the U.S. were surveyed for their opinions on their current and former banking relationships. Credit unions were scored on overall recommendations and satisfaction, as well as five sub-dimensions (trust, terms and conditions, branch services, digital services, and financial advice). Of the 5,236 credit unions nationwide, just 3.5% made the final list.
Named #86 Healthiest Credit Union in the U.S. by LendingTree
DepositAccounts, by LendingTree, uses its own proprietary formula to assess the financial health of all federally insured banks and credit unions in the U.S. to determine a top 200 list for each. Key components of the formula include Texas Ratio, deposit growth, and capitalization.
At MSGCU, being not-for-profit allows the credit union to give back to members through better rates, fewer fees, free financial education, grants and scholarships, and other community support. This dedication fuels them to work hard every day with members to personalize plans to help them meet their financial goals. This exceptional level of dedication contributes to their 96% member satisfaction score, higher than most banks.
In addition to this support, MSGCU is helping members experiencing financial hardship due to the Coronavirus with low-interest loans, flexible loan payment options and by offering financial counseling during this unprecedented time. You do not have to be a teacher or government employee to join the credit union.
For more information about Michigan Schools and Government Credit Union, visit msgcu.org or call 866.674.2848.
About Michigan Schools and Government Credit Union
Founded by a small group of educators, MSGCU has been providing quality financial services to the communities they serve for 69 years and welcomes everyone in Michigan to bank with them. MSGCU offers a full range of loan, deposit, checking, credit card, mortgage, and insurance products for those that live in Michigan. With 19 branch offices in Macomb, Oakland, Washtenaw, and Wayne Counties, MSGCU has more than 145,000 members, $3.4 billion in assets, and has earned a 95% or higher member satisfaction rating for more than 20 years. MSGCU has also earned five stars (the highest rating) from Bauer Financial for more than 30 years, and has been honored as a Top Workplace by The Detroit Free Press for the past 10 consecutive years. MSGCU is insured by NCUA and an equal housing lender. Visit msgcu.org for more information.
