Becoming a Member
Benefits of Membership
There are many significant differences between a credit union and a bank. When compared side by side, credit unions have many more advantages. At Michigan Schools and Government Credit Union (MSGCU), we promote the financial well-being of our members, through a system that is member-owned, volunteer-directed, and not-for-profit.
Unlike a bank, we exist solely to serve our members, not to pay high dividends to an outside group of stockholders. Our income is returned to our members through competitive savings rates and low loan rates.
When you become a member of MSGCU, you can begin saving money right away. You'll earn more money—sometimes four times more—on the funds you deposit at the Credit Union. And if you need a loan, borrowing from us means lower interest rates. Even our fees are generally lower than those charged by most banks.
Join today! An initial savings deposit of $5 or more opens the door to membership with Michigan Schools and Government Credit Union. To learn more about MSGCU, visit a Member Services Representative at any of our office locations, call 586.263.8800, or explore our website for more information.
You are eligible to become an MSGCU member if you reside, work, attend school, or worship in Michigan’s Lower Peninsula.
Over the past 60 years, we have worked to serve as financial advocates for educators, civil servants and their families in the Michigan counties of Genesee, Lapeer, Livingston, Macomb, Oakland, St. Clair, Washtenaw, and Wayne, including:
- Employees, students, former students, alumni, and retirees of educational institutions
- Elected and appointed officials, employees, and retirees of the federal government of any state, county, or local government or political subdivision
We are honored that we can now also serve their friends and neighbors in lower Michigan, as well.
Become a Member
At Michigan Schools and Government Credit Union (MSGCU), we provide the tools, resources, and support members need to reach their goals. Take the first step in getting yourself on the right path to financial success—join MSGCU today!
- An initial savings deposit of $5 or more
- Government-issued valid picture ID
- Your social security number
Please Note: To help the government fight the funding of terrorism and money-laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents. We will also run a credit report and verify your checking account status with ChexSystems.
Make the Switch to a Credit Union
At Michigan Schools and Government Credit Union, it's easy to make the switch! We offer a step-by-step guide to help make the move from a bank or another financial institution to MSGCU a little easier.
Below is a link to our switch kit as well as sample forms to help with your transfer. So go ahead…make the switch and start setting it right by conducting your financial business with us—it will be worth it!
Step 1: Open a Checking Account
Step 2: Switch Direct Deposit Sample Form
Step 3: Change Automatic Withdrawals (Debits) Sample Form
Step 4: Close Former Account Sample Form
Step 5: Convert Bill Payment Directions
At Michigan Schools and Government Credit Union (MSGCU), we provide the financial tools, resources, and support members need to start reaching their financial goals.
Below are just a few of the many FREE rewards that come with a Credit Union membership.
- Financial counseling
- Educational workshops
- Investment consultations
- Membership loyalty loan discounts
- Referral rewards
- Classroom grants
- 0% loans for teachers
- Scholarship opportunities
- Specialized program for youth
- Specialized program for teens
- Online services
- Discounts on insurance products
Take the first step in getting yourself on the right path to financial success—become a member of MSGCU today!