Civic Intelligence

Michigan Schools and Government Credit

EIN 38-1629793 • 501(c)14 • Clinton Township, MI

View Organization Page

Profile

We are a caring organization dedicated to promoting financial success for our members.

40400 Garfield RdClinton Township, MI 48038

www.msgcu.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

16th percentile

0.88x

Higher debt load relative to assets than 16% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Source year 2024

Liabilities / Revenue

76th percentile

17.02x

Higher debt load relative to revenue than 76% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Source year 2024

Net Margin

66th percentile

12%

Higher net margin than 66% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Source year 2024

Top Officer Pay

35th percentile

$853,827

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

501(c)14 • $1B+ nonprofits • Source year 2024

Asset Growth

77th percentile

7.2%

Faster asset growth than 77% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Annualized from 2023 to 2024

Revenue Growth

89th percentile

27%

Faster revenue growth than 89% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets16th percentile

Assets

Up

$3,895,584,180

Up $261,670,335 (+7.2%) from 2023

Liabilities

Up

$3,431,123,783

Up $228,048,255 (+7.1%) from 2023

Net Assets

Up

$464,460,397

Up $33,622,080 (+7.8%) from 2023

Operations
Liabilities / Revenue76th percentileNet Margin66th percentile

Revenue

Up

$201,599,156

Up $42,320,908 (+27%) from 2023

Expenses

Up

$177,058,948

Up $37,329,222 (+27%) from 2023

Net Income

Up

$24,540,208

Up $4,991,686 (+26%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth77th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0B$3.0B$2.0B$1.0B$0Assets 2010: $1,053,325,383Liabilities 2010: $933,982,952Net Assets 2010: $119,342,4312010Assets 2011: $1,135,729,081Liabilities 2011: $1,010,712,396Net Assets 2011: $125,016,6852011Assets 2012: $1,235,168,777Liabilities 2012: $1,095,357,761Net Assets 2012: $139,811,0162012Assets 2013: $1,441,874,463Liabilities 2013: $1,287,355,998Net Assets 2013: $154,518,4652013Assets 2014: $1,543,993,714Liabilities 2014: $1,376,460,570Net Assets 2014: $167,533,1442014Assets 2015: $1,556,767,455Liabilities 2015: $1,373,220,595Net Assets 2015: $183,546,8602015Assets 2016: $1,674,185,767Liabilities 2016: $1,468,573,051Net Assets 2016: $205,612,7162016Assets 2017: $1,851,033,336Liabilities 2017: $1,620,008,297Net Assets 2017: $231,025,0392017Assets 2018: $2,040,236,499Liabilities 2018: $1,782,083,030Net Assets 2018: $258,153,4692018Assets 2020: $2,777,350,124Liabilities 2020: $2,457,574,063Net Assets 2020: $319,776,0612020Assets 2022: $3,333,677,668Liabilities 2022: $2,933,284,782Net Assets 2022: $400,392,8862022Assets 2023: $3,633,913,845Liabilities 2023: $3,203,075,528Net Assets 2023: $430,838,3172023Assets 2024: $3,895,584,180Liabilities 2024: $3,431,123,783Net Assets 2024: $464,460,3972024

Highlighted filing

2024

Assets$3,895,584,180
Liabilities$3,431,123,783
Net Assets$464,460,397
Open 2024 Filing

Operations Trend

Revenue Growth89th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300M$200M$100M$0Expenses 2010: $46,567,3412010Expenses 2011: $44,343,5782011Expenses 2012: $35,335,3352012Revenue 2013: $57,481,828Expenses 2013: $42,774,379Net Income 2013: $14,707,4492013Revenue 2014: $69,103,677Expenses 2014: $56,088,998Net Income 2014: $13,014,6792014Revenue 2015: $68,673,747Expenses 2015: $51,943,429Net Income 2015: $16,730,3182015Revenue 2016: $75,254,277Expenses 2016: $53,187,529Net Income 2016: $22,066,7482016Revenue 2017: $84,545,814Expenses 2017: $63,365,116Net Income 2017: $21,180,6982017Revenue 2018: $97,964,975Expenses 2018: $67,231,476Net Income 2018: $30,733,4992018Revenue 2020: $112,129,376Expenses 2020: $86,925,206Net Income 2020: $25,204,1702020Revenue 2022: $126,760,665Expenses 2022: $83,153,428Net Income 2022: $43,607,2372022Revenue 2023: $159,278,248Expenses 2023: $139,729,726Net Income 2023: $19,548,5222023Revenue 2024: $201,599,156Expenses 2024: $177,058,948Net Income 2024: $24,540,2082024

Highlighted filing

2024

Revenue$201,599,156
Expenses$177,058,948
Net Income$24,540,208
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$3,895,584,180
Liabilities
$3,431,123,783
Net assets
$464,460,397
Revenue
$201,599,156
Expenses
$177,058,948
Net income
$24,540,208
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3,896$3,431$464$202$177$24.5
2023Detailed filing. Detailed filing data is available for this year.$3,634$3,203$431$159$140$19.5
2022Detailed filing. Detailed filing data is available for this year.$3,334$2,933$400$127$83.2$43.6
2020Detailed filing. Detailed filing data is available for this year.$2,777$2,458$320$112$86.9$25.2
2018Summary only. Only limited summary data is available for this year.$2,040$1,782$258$98.0$67.2$30.7
2017Summary only. Only limited summary data is available for this year.$1,851$1,620$231$84.5$63.4$21.2
2016Detailed filing. Detailed filing data is available for this year.$1,674$1,469$206$75.3$53.2$22.1
2015Detailed filing. Detailed filing data is available for this year.$1,557$1,373$184$68.7$51.9$16.7
2014Detailed filing. Detailed filing data is available for this year.$1,544$1,376$168$69.1$56.1$13.0
2013Detailed filing. Detailed filing data is available for this year.$1,442$1,287$155$57.5$42.8$14.7
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,235$1,095$140$35.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,136$1,011$125$44.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,053$934$119$46.6
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 16, 2025
Return Version
2024v5.2
Gross Receipts
$221,054,486
Mission and Program Overview

Mission

We are a caring organization dedicated to promoting financial success for our members.

Founded by educators, michigan schools and government credit union has been providing quality financial services for 70 years and welcomes everyone in michigan to bank with us. As a not-for-profit, we give back to our members through better rates, fewer fees, free financial education, grants, scholarships, and community support. We work with our members to personalize plans and offer products and services to help meet their financial goals and increase their financial knowledge. Msgcu offers a full range of loan, deposit, checking, credit card, mortgage, and insurance products. With 22 branches in macomb, oakland, wayne and washtenaw counties, msgcu has more than 152,000 members, over 455 team members, $3.9 billion in assets, and earned a 95% or higher member satisfaction rating for over 20 years. Msgcu has also earned five stars, as reported by bauer financial, for more than 30 years, and has been honored as a top workplace by the detroit free press for the past 12 years.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$3,085,379,936$3,337,509,476▲ $252,129,540
Rtn Earn Endowment Incm Other Fnds$430,838,317$464,460,397▲ $33,622,080
Investments in Publicly Traded Securities$343,931,271$317,820,742▼ $26,110,529
Land, Buildings, and Equipment, Net$67,895,339$74,677,158▲ $6,781,819
Savings and Temporary Cash Investments$23,212,403$44,842,335▲ $21,629,932
Investments Other Securities$22,922,700$18,981,531▼ $3,941,169
Receivables From Officers Etc$14,780,775$15,140,624▲ $359,849
Cash and Non-Interest-Bearing Accounts$10,401,175$11,254,713▲ $853,538
Accounts Receivable$2,427,065$3,102,939▲ $675,874
Prepaid Expenses and Deferred Charges$2,705,977$2,864,727▲ $158,750
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$3,633,913,845$3,895,584,180▲ $261,670,335
Other Assets Total$60,257,204$69,389,935▲ $9,132,731
Liabilities
Other Liabilities$2,838,695,388$3,224,076,486▲ $385,381,098
Mortgage Notes Payable Secured by Investment Property$325,000,000$175,000,000▼ $150,000,000
Accounts Payable and Accrued Expenses$30,466,396$23,250,471▼ $7,215,925
Escrow Account Liability$5,069,544$4,934,786▼ $134,758
Deferred Revenue$3,844,200$3,862,040▲ $17,840
Total Liabilities$3,203,075,528$3,431,123,783▲ $228,048,255
Net Assets / Fund Balance
Total Net Assets Fund Balance$430,838,317$464,460,397▲ $33,622,080
Total Liabilities and Net Assets / Fund Balance$3,633,913,845$3,895,584,180▲ $261,670,335

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$44,522,855$12,462,567$56,985,422
Land$25,329,248-$25,329,248
Equipment$4,670,979$14,611,492$19,282,471
Other Land Buildings$154,076$646,602$800,678
Compensation and Service Providers
Top Officer Pay35th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steve BrewerPresident/CEOFT$697,043$156,784$853,827
Charumathi HariMortgage ConsultantFT$52,652$542,419$595,071
Deborah FahrneyCOOFT$377,108$115,619$492,727
Philip CooperCLOFT$359,051$112,403$471,454
Bryan WielgatCIOFT$293,099$102,553$395,652
Vallorie McbrideCFOFT$248,793$81,351$330,144
Richard MaierleDirector-$3,981-$3,981
Douglas SmithChairperson-$1,076-$1,076
Edward CallaghanDirector-$864-$864
Teresa DimariaDirector-$649-$649

Board Members and Trustees

NameTitle
William CayenVice Chairperson
Charles ThomasDirector
James MccannDirector
Richard ShoemakerDirector
Wanda Cook-robinsonDirector
Christina AyarSecretary
Elizabeth ArgiriTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Brogan & PartnersAdvertising535 WOODWARD HEIGHTS, Ferndale, MI 48220$2,756,845
Kasco LLCConstruction226 E HUDSON AVE, Royal Oak, MI 48067$1,350,059
Diebold Nixdorf INCTechnologyPO BOX 643543, Pittsburgh, PA 15264$1,047,845
Doxim INCCommunications1911 WOODSLEE DR, Cleveland, OH 44193$892,551
Access SoftekTechnology727 ALLSTON WAY, Los Angeles, CA 90051$720,063
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$189,193,019
Investment Income
$8,790,361
Other Revenue
$3,615,776
Change in Net Assets
$24,540,208
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$130,578,170
Salaries, Compensation, and Employee Benefits$46,325,203
Grants and Similar Amounts Paid$155,575
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest---$89,271,725
Other Salaries and Wages---$33,681,860
Other Employee Benefits---$6,613,490
All Other Expenses---$4,458,058
Advertising---$3,516,444
Occupancy---$3,470,463
Depreciation Depletion---$3,451,628
Office Expenses---$2,748,618
Pension Plan Contributions---$2,730,687
Other Expenses---$2,686,792
Payroll Taxes---$2,438,769
Fees for Services Other---$1,956,203
Current Officers, Directors, Trustees, and Key Employees---$860,397
Insurance---$319,687
Fees for Services Accounting---$215,924
Travel---$124,114
Payments to Affiliates---$117,277
Conferences and Meetings---$98,167
Grants to Domestic Individuals---$82,500
Grants to Domestic Orgs---$73,075
Total Functional Expenses$0$0$0$177,058,948
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Macomb Community College FoundationWarren, MI501(c)(3)TO ASSIST IN THE FOUNDATION'S INITIATIVE TO FUND EDUCATIONAL SOLUTIONS SCHOLARSHIPS FOR FIRST RESPONDERS$8,000
Oakland Community College FoundationBloomfield Hills, MI501(c)(3)TO ASSIST IN THE FOUNDATION'S INITIATIVE TO FUND EDUCATIONAL SOLUTIONS SCHOLARSHIPS FOR FIRST RESPONDERS$8,000
Schoolcraft College FoundationLivonia, MI501(c)(3)TO ASSIST IN THE FOUNDATION'S INITIATIVE TO FUND EDUCATIONAL SOLUTIONS SCHOLARSHIPS FOR FIRST RESPONDERS$8,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$14,780,775$15,140,624▲ $359,849
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Deposits$3,224,076,486
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Each individual that has an account with the credit union is a member.”

Form 990, Part VI, Section A, Line 7A

“Members of the credit union have the right to elect one or more of the organization's governing body, whether periodically, or as vacancies arise or otherwise.”

Form 990, Part VI, Section A, Line 7B

“Members of the credit union have the right to vote in the governing body's election and/or removal as well as other matters that are subject to the approval of members of the credit union as they occur.”

Form 990, Part VI, Section B, Line 11B

“The ceo, cfo and accounting manager review the completed form 990 prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Annually the board of directors completes a conflict of interest disclosure.”

Form 990, Part VI, Section B, Line 15

“On an annual basis, ceo compensation is recommended by the personnel committee, a subcommittee of the board of directors, and approved by the entire board of directors. On an annual basis, all other employee compensation is set by the ceo, executive team, and human resources. We utilize a third party compensation consultant in job pricing.”

Form 990, Part VI, Section C, Line 19

“Financial statements are posted in the branch lobbies and are available to the public upon request. Governing documents and conflict of interest policy are not made available to the public.”

Filing and Contact Details

Filer

Filer Name
Michigan Schools and Government Credit
EIN
38-1629793
Phone
5862638800
Address
40400 GARFIELD RD, CLINTON TOWNSHIP, MI 48038

Signing Officer

Name
Vallorie Mcbride
Title
CFO
Phone
5862638800
Signed
2025-09-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Brewer
Formed
1954
Legal Domicile
Mi
Voting Board Members
11
Independent Board Members
11
Employees
525
Volunteers
11

Preparer

Firm
Doeren Mayhew
Address
8785 SW 165TH AVENUE SUITE 303, MIAMI, FL 33193
Preparer
Aubrey Clegg
Phone
3052328272
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Online banking expense 1,622,875. Collections expense 1,064,341. Maintenance 933,857. Education and training 494,005. Annual operating fee 260,046. Other 82,934.”

FORM 990, PART XI, LINE 9:

“Adjustment to report investment in soc real estate, inc. Using equity method accounting. -3,825,133.”

FORM 990, PART XII, LINE 2C:

“There were no changes in the processes utilized by the audit committee.”

Financial Statement Notes

PART IV, LINE 2B:

“As a loan servicer, the credit union receives principal, interest, tax and insurance payments and then remits these funds to the applicable third parties on behalf of the borrowers.”

PART X, LINE 2:

“Msgcu is exempt, by statute, from federal and state income taxes. Msgcu is subject to unrelated business income tax. Management evaluated msgcu's tax positions and concluded that msgcu had taken no uncertain tax positions that require adjustment to the consolidated financial statements. Msgcu files irs form 990 (return of organization exempt from income tax) and other forms in the u.s. Federal jurisdiction and the state of michigan. The credit union's open audit period is the three-year period ended december 31, 2024.”

Raw XML AppendixShowing 400 of 720 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0FOUNDED BY EDUCATORS, MICHIGAN SCHOOLS AND GOVERNMENT CREDIT UNION HAS BEEN PROVIDING QUALITY FINANCIAL SERVICES FOR 70 YEARS AND WELCOMES EVERYONE IN MICHIGAN TO BANK WITH US. AS A NOT-FOR-PROFIT, WE GIVE BACK TO OUR MEMBERS THROUGH BETTER RATES, FEWER FEES, FREE FINANCIAL EDUCATION, GRANTS, SCHOLARSHIPS, AND COMMUNITY SUPPORT. WE WORK WITH OUR MEMBERS TO PERSONALIZE PLANS AND OFFER PRODUCTS AND SERVICES TO HELP MEET THEIR FINANCIAL GOALS AND INCREASE THEIR FINANCIAL KNOWLEDGE. MSGCU OFFERS A FULL RANGE OF LOAN, DEPOSIT, CHECKING, CREDIT CARD, MORTGAGE, AND INSURANCE PRODUCTS. WITH 22 BRANCHES IN MACOMB, OAKLAND, WAYNE AND WASHTENAW COUNTIES, MSGCU HAS MORE THAN 152,000 MEMBERS, OVER 455 TEAM MEMBERS, $3.9 BILLION IN ASSETS, AND EARNED A 95% OR HIGHER MEMBER SATISFACTION RATING FOR OVER 20 YEARS. MSGCU HAS ALSO EARNED FIVE STARS, AS REPORTED BY BAUER FINANCIAL, FOR MORE THAN 30 YEARS, AND HAS BEEN HONORED AS A TOP WORKPLACE BY THE DETROIT FREE PRESS FOR THE PAST 12 YEARS.
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IRS990/Desc0WITH 22 OFFICES LOCATED THROUGHOUT MACOMB, OAKLAND, WAYNE AND WASHTENAW COUNTIES, PROVIDING FULL ONLINE BANKING AND MOBILE SERVICES, WITH $3.9 BILLION IN ASSETS, $3.3 BILLION IN LOANS, AND A STAFF OF 455 EMPLOYEES, MSGCU IS A VALUED RESOURCE FOR FINANCIAL WELLBEING FOR BOTH CONSUMERS AND BUSINESSES. AT THE END OF 2024, THE CONSUMER LENDING PORTION OF THE PORTFOLIO WAS JUST OVER $1.36 BILLION, THE MORTGAGE PORTFOLIO WAS JUST OVER $1.7 BILLION, AND THE BUSINESS LOAN PORTFOLIO WAS $299 MILLION. MEMBER SHARES TOTALED APPROXIMATELY $3.2 BILLION.
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IRS990/ElectionOfBoardMembersInd01
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IRS990/Form990PartVIISectionAGrp/PersonNm1RICHARD MAIERLE
IRS990/Form990PartVIISectionAGrp/PersonNm2JAMES MCCANN
IRS990/Form990PartVIISectionAGrp/PersonNm3TERESA DIMARIA
IRS990/Form990PartVIISectionAGrp/PersonNm4EDWARD CALLAGHAN
IRS990/Form990PartVIISectionAGrp/PersonNm5RICHARD SHOEMAKER
IRS990/Form990PartVIISectionAGrp/PersonNm6DOUGLAS SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm7CHARLES THOMAS
IRS990/Form990PartVIISectionAGrp/PersonNm8ELIZABETH ARGIRI
IRS990/Form990PartVIISectionAGrp/PersonNm9CHRISTINA AYAR
IRS990/Form990PartVIISectionAGrp/PersonNm10WANDA COOK-ROBINSON
IRS990/Form990PartVIISectionAGrp/PersonNm11STEVE BREWER
IRS990/Form990PartVIISectionAGrp/PersonNm12PHILIP COOPER
IRS990/Form990PartVIISectionAGrp/PersonNm13DEBORAH FAHRNEY
IRS990/Form990PartVIISectionAGrp/PersonNm14VALLORIE MCBRIDE
IRS990/Form990PartVIISectionAGrp/PersonNm15BRYAN WIELGAT
IRS990/Form990PartVIISectionAGrp/PersonNm16CHARUMATHI HARI
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IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt12CLO
IRS990/Form990PartVIISectionAGrp/TitleTxt13COO
IRS990/Form990PartVIISectionAGrp/TitleTxt14CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt15CIO
IRS990/Form990PartVIISectionAGrp/TitleTxt16MORTGAGE CONSULTANT
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IRS990/GamingActivitiesInd00
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IRS990/GrantsToDomesticIndividualsGrp/TotalAmt082500
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IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt019884340
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IRS990/InsuranceGrp/TotalAmt0319687
IRS990/InterestGrp/TotalAmt089271725
IRS990/InvestmentIncomeGrp/ExclusionAmt0839126
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IRS990/IRPDocumentCnt047788
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IRS990/LegalDomicileStateCd0MI
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IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0WE ARE A CARING ORGANIZATION DEDICATED TO PROMOTING FINANCIAL SUCCESS FOR OUR MEMBERS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
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IRS990/OtherAssetsTotalGrp/EOYAmt069389935
IRS990/OtherChangesInNetAssetsAmt0-3825133
IRS990/OtherEmployeeBenefitsGrp/TotalAmt06613490
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1DEBIT/CREDIT CARD EXPEN
IRS990/OtherExpensesGrp/Desc2LOAN SERVICING EXPENSE
IRS990/OtherExpensesGrp/Desc3SOFTWARE LICENSING AND
IRS990/OtherExpensesGrp/TotalAmt09150000
IRS990/OtherExpensesGrp/TotalAmt14498370
IRS990/OtherExpensesGrp/TotalAmt24494700
IRS990/OtherExpensesGrp/TotalAmt32686792
IRS990/OtherLiabilitiesGrp/BOYAmt02838695388
IRS990/OtherLiabilitiesGrp/EOYAmt03224076486
IRS990/OtherOrganizationDsc0CREDIT UNION
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/Desc0VISA CLASS B-1 SHARES REDEMPTION
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03615776
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03615776
IRS990/OtherRevenueTotalAmt03615776
IRS990/OtherSalariesAndWagesGrp/TotalAmt033681860
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IRS990/PartialLiquidationInd00
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IRS990/PayrollTaxesGrp/TotalAmt02438769
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IRS990/PensionPlanContributionsGrp/TotalAmt02730687
IRS990/PoliticalCampaignActyInd00
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IRS990/PrincipalOfficerNm0STEVE BREWER
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IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2520000
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEES, CHARGES AND OTHER
IRS990/ProgramServiceRevenueGrp/Desc2FINANCE & INSURANCE
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt120792063
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE CREDIT UNION CONTRIBUTED OVER $110,000 TO MEMBERS OF THE COMMUNITIES IN SOUTHEAST MICHIGAN. MSGCU AWARDED $82,500 THROUGH 33 SCHOLARSHIPS TO HIGH SCHOOL SENIORS HEADING TO COLLEGE, ASPIRING SKILLED TRADESPERSONS SEEKING CERTIFICATION, AND CURRENT TEACHERS AND SCHOOL ADMINISTRATORS PURSUING CONTINUING EDUCATION. ADDITIONALLY, MSGCU DONATED $28,000 TO FIRST RESPONDERS GRADUATING FROM THE FIRE AND POLICE ACADEMIES AT MACOMB COMMUNITY COLLEGE, OAKLAND COMMUNITY COLLEGE, WAYNE COMMUNITY COLLEGE AND SCHOOLCRAFT COLLEGE.
IRS990/ProgSrvcAccomActy3Grp/Desc0THE CREDIT UNION GAVE BACK TO OUR COMMUNITIES, TO LOCAL EDUCATORS AND SCHOOLS AS WELL AS NONPROFITS AND COMMUNITY ORGANIZATIONS. MSGCU'S CLASSROOM CASH GRANT PROGRAM PROVIDES FUNDS TO TEACHERS TO BE USED FOR OTHERWISE UNFUNDED INNOVATIVE CLASSROOM PROJECTS. IN 2024, MSGCU AWARDED 62 GRANTS TOTALING MORE THAN $45,000 TO LOCAL EDUCATORS TO BE USED DURING THE 2024/2025 SCHOOL YEAR.
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IRS990/PYOtherExpensesAmt098251621
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0151938120
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IRS990/PYSalariesCompEmpBnftPaidAmt041325031
IRS990/PYTotalExpensesAmt0139729726
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0159278248
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt015140624
IRS990/ReconcilationRevenueExpnssAmt024540208
IRS990/RegularMonitoringEnfrcInd01
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IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0464460397
IRS990/SavingsAndTempCashInvstGrp/BOYAmt023212403
IRS990/SavingsAndTempCashInvstGrp/EOYAmt044842335
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt044522855
IRS990ScheduleD/BuildingsGrp/DepreciationAmt012462567
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt056985422
IRS990ScheduleD/EquipmentGrp/BookValueAmt04670979
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014611492
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt019282471
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt025329248
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt025329248
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0154076
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0646602
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0800678
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03224076486
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER DEPOSITS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0AS A LOAN SERVICER, THE CREDIT UNION RECEIVES PRINCIPAL, INTEREST, TAX AND INSURANCE PAYMENTS AND THEN REMITS THESE FUNDS TO THE APPLICABLE THIRD PARTIES ON BEHALF OF THE BORROWERS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1MSGCU IS EXEMPT, BY STATUTE, FROM FEDERAL AND STATE INCOME TAXES. MSGCU IS SUBJECT TO UNRELATED BUSINESS INCOME TAX. MANAGEMENT EVALUATED MSGCU'S TAX POSITIONS AND CONCLUDED THAT MSGCU HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS. MSGCU FILES IRS FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) AND OTHER FORMS IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF MICHIGAN. THE CREDIT UNION'S OPEN AUDIT PERIOD IS THE THREE-YEAR PERIOD ENDED DECEMBER 31, 2024.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt074677158
IRS990ScheduleD/TotalLiabilityAmt03224076486

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