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For Educators

Michigan Schools and Government Credit Union is committed to providing teachers and school employees with a full range of quality financial products and services.

If you are seeking a credit union that is dedicated to helping educators, teachers, and school employees reach their financial goals, then look no further than these great MSGCU products...

Thousands in the educational field are setting it right by bringing their financial business to MSGCU.


School Employee Account Opening Rewards Pack

Not a member? Now is the perfect time to make the switch! Stop in any of our convenient locations to open your account. Open a School Employee Pack, and we'll deposit your first $25*!

*See Brochure or a Member Service Representative for details.

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Direct Deposit and Automatic Payment Transfer Services

Why make an extra trip to our offices or the ATM when you don't have to? With our free Direct Deposit, your check will be deposited into the account of your choice. You may set up Automatic Funds Transfers to make monthly payments on your loans and mortgage with Michigan Schools and Government Credit Union.

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Community Solutions Mortgages

First-time home buying can be nerve-wracking, but it doesn't have to be. Start the process off right by speaking with one of our Mortgage Specialists about our Community Solutions Program. This program is designed specifically for full-time teachers who are new to their occupation. It features:

  • Lower down payment requirements
  • Flexible mortgage terms and approval process
  • Low closing costs

Call us today at 586.263.8800 or 1.866.MSGCU4U, option 4, to speak with a Mortgage Specialist about how we make it easier to buy your first home!

Mortgage Calculators

  • Refinance Breakeven - Use this calculator to see how much interest you can save if you refinance your mortgage.
  • Mortgage Payoff - Save thousands of dollars in interest by increasing your monthly mortgage payment.

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Retirement Planning Service

Setting yourself on the right path of retirement planning begins at Michigan Schools and Government Credit Union. Whether you’re just getting started or need a solid review of what you have thus far, visit our on-site Financial Consultants for a free planning session. They will help you invest based on your individual financial circumstances and find the right retirement mix for you, including 403(b), IRAs, mutual funds, and more.

Retirement Savings and Planning

  • Retirement Income Calculator - Use this calculator to determine how much monthly income your retirement savings may provide you in your retirement.

Investment Calculators

  • Investment Returns - There is more to investing than knowing your annual rate of return. Use this calculator to help you see how inflation, taxes and your time horizon can impact your bottom line.

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Cash Rewards Referral Program

We are proud of the 97% member satisfaction rating by our current members who often refer their friends and family members to us. As a thank you, our Referral Program offers a variety of cash rewards all members can earn. Why not see how easy it is to earn more money!

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Financial Education Resources

Financial literacy begins early and continues into adulthood. If you're looking to bring financial responsibility lessons into the classroom, we offer free, multi-media financial education resources on topics such as checking accounts, obtaining credit, budgeting, savings, and investments.

Visit our list of free financial workshops, which are posted in our Financial Resource Center.

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Scholarships and Grants

As an educational Credit Union, we believe in the power of education in furthering the financial success of our membership. Each year, we award nearly $100,000 through our scholarships programs. To learn more, visit our scholarships website

Classroom Cash Grant Program

  • Additionally, we provide thousands of dollars in grants to educators throughout Macomb and Oakland Counties. The Classroom Cash Grant Program assists teachers with covering the costs of innovative classroom projects. All educators who are members of MSGCU are eligible to apply for a grant. For more information, visit classroomcash.org.

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Desktop Calendars

To keep you on track, we provide free desktop calendars to all the school districts we serve.

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Classroom Loan

Too often, teachers spend their own money on supplies for their classrooms, which is why Michigan Schools and Government Credit Union (MSGCU) created the 0% Classroom Loan for supplies.

This loan enables teachers to set it right and purchase supplies with up to $500 at a 0% APR.* Teachers are welcome to visit any of our locations to apply for the Michigan Schools and Government Credit Union Classroom Supplies Loan.

The Classroom Loan for Teachers Features...

  • 0% APR* interest rate
  • Up to a 10-month term
  • $500 maximum amount
  • No fees

Additional Information...

  • Limit one Classroom Loan per teacher per year
  • Available for new and existing members who are certified teachers

Requirements...

  • Proof of teaching certification and employment
  • Must be able to qualify for a $500 personal loan
  • Must apply in person

*Annual Percentage Rate. Credit subject to approval. Normal credit standards apply.

Classroom Loan
$500 maximum amount
TermAPR*
Up to a 10-month term 0.000%

Example: A loan amount of $500.00 at 0.0% for 10 months would have a monthly payment of $50.00.

*Annual Percentage Rate. Credit subject to approval. Normal credit standards apply.

For Government Employees

Thousands of city, county, and federal government employees and military personnel are setting their finances right with Michigan Schools and Government Credit Union.

Just like you, we care deeply about the communities that we serve. As a thank you for your services, MSGCU has developed various financial products and services that are designed with governmental employees in mind!

 


Government Employee Account Opening Rewards Pack

As a government employee, you and your family members are eligible to open accounts at Michigan Schools and Government Credit Union. Now is the perfect time to join! Not only do we make it easy to Make the Switch, but we'll even give you your first $25* deposit when you open a Government Employee Pack.

*See Brochure or a Member Service Representative for details.

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Direct Deposit and Automatic Payment Transfer Services

Why make an extra trip to our offices or the ATM when you don't have to? With our free Direct Deposit, your check will be deposited into the account of your choice. You may set up Automatic Funds Transfers to make monthly payments on your loans and mortgage with Michigan Schools and Government Credit Union.

Return to Top


Community Solutions Mortgages

Community Solutions is a program especially for first-time home buyers. This program is designed specifically for full-time government employees who are new to their occupation. It features:

  • Lower down payment requirements
  • Flexible mortgage terms and approval process
  • Low closing costs

Call us today at 586.263.8800 or 1.866.MSGCU4U, option 4, to speak with a Mortgage Specialist about how we make it easier to buy your first home!

Our Mortgage Specialists will assist you as you finance your home, from start to finish. Experience mortgages the Michigan Schools and Government Credit Union way.

Mortgage Calculators

  • Refinance Breakeven - Use this calculator to see how much interest you can save if you refinance your mortgage.
  • Mortgage Payoff - Save thousands of dollars in interest by increasing your monthly mortgage payment.

Return to Top


Retirement Planning Services

If retirement planning has you worried, visit our on-site Financial Consultants to make sure you're on the right path. They will help you invest your money based on your individual financial circumstances and find the right retirement tools for you. As a member you can receive a free consultation.

Retirement Savings and Planning

  • Retirement Income Calculator - Use this calculator to determine how much monthly income your retirement savings may provide you in your retirement.

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Cash Rewards Referral Program

We work hard to keep our members happy, and with a 97% member satisfaction rating, it shows. Because current members often refer their friends and family members to our organization, it only seems appropriate to extend a generous "thank you" to our loyal members. Our Referral Program offers a variety of cash rewards to current and new members.

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Financial Education Resources

Responsible money management begins with a strong foundation in financial literacy. We offer free, on-site financial education presentations for you and your coworkers on such topics as checking accounts, obtaining credit, budgeting, savings, and investments. This is one more way to set your finances right. Contact us at workshops@msgcu.org to schedule your presentation. MSGCU also offers free educational workshops each month on a variety of financial topics. Upcoming workshops are posted to our website each month.

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Government Employee Resources

To keep you on track, we offer free desktop calendars to all the government offices that we serve. Be sure to bookmark this page to keep the following financial education and government employee resources at your fingertips.

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First Responder Loan

If you work or volunteer as a first responder in the police, fire, military, or medical fields, Michigan Schools and Government Credit Union's 0% APR* First Responder Loan can make it easier for you to purchase the additional equipment that you need to perform your duties.

With an MSGCU First Responder Loan, you can borrow up to $1,000 for 12 months and pay no interest or application fee. Visit any of our locations to apply for the Michigan Schools and Government Credit Union First Responder Equipment Loan.

First Responder Loan Details...

  • 0% APR* interest rate
  • Up to a 12-month term
  • $1,000 maximum amount
  • No application fee

Additional Information...

  • Limit one First Responder Loan per person per year
  • Proof of employment or volunteer affiliation required

Requirements...

  • Must be able to qualify for a $1,000 personal loan
  • Must apply in person

*Annual Percentage Rate. Credit subject to approval. Normal credit standards apply.

First Responder Loan
$1,000 maximum amount
TermAPR*
Up to a 12-month term 0.000%

Example: A loan amount of $1,000 at 0.0% for 12 months would have an approximate monthly payment of $83.33.

*Annual Percentage Rate. Credit subject to approval. Normal credit standards apply.