MSGCU
About Michigan Schools and Government Credit Union (MSGCU)
Founded by a small group of educators, MSGCU has been providing quality financial services to the community for more than 66 years. MSGCU offers a full range of loan, deposit, checking, credit card, mortgage, and insurance products for those that live in Michigan. With 22 branch offices - and growing - in Macomb, Oakland and Wayne Counties, MSGCU has more than 150,000 members, $2.9 billion in assets, and has earned a 97% member satisfaction rating for the past 20 years. MSGCU has also earned five stars, as reported by Bauer Financial, for more than 20 years, and has been honored as a Top Workplace by The Detroit Free Press eight years in a row.
Posts by MSGCU
Safe Holiday Shopping for You and Your Wallet
During the holidays, you and your finances go through A LOT. Sometimes we get so caught up in what we need to buy and check off the list, we lose sight of protecting our finances and ourselves.
Let MSGCU help keep you protected while also helping you check a few more items off your list.
I didn’t know I could use a home equity loan for that!
While most associate home equity loans with financing home improvements, there are many more uses for these handy loans to help you reach your financial goals.
Shop Safely Online This Holiday Season
Be ready to safely shop online this holiday season with these 6 tips from MSGCU.
5 scams to avoid this holiday season
It’s important to be mindful of online scams, especially now with the busy holiday season right around the corner. Protect yourself from these five common scams.
Update or vacate? Making the best decision for your home.
With today’s hot housing market, is it better to update the home you’re in or move? Read on to learn more about the opportunities and challenges for each decision.
Video: Cybersecurity Practices Everyone Should Follow
Cybercrime is rampant, so take these preventive measures to keep you and your money safe.
Anatomy of a car payment
Learn about the components of your car payment and the additional costs of car ownership.
How to shape up your finances before the holidays
You can make holiday shopping merrier by making these money moves now.
Six Ways to Protect Yourself Against Cyber Attacks
Learn what you can do to safeguard your money and personal information from criminals.
EMDs and ARMs and ARPs, oh my! MSGCU breaks down common mortgage terms.
Mortgage terminology can be confusing, but we can help make understanding them easier. Read on to learn the ABCs (and EMDs, LTVs, and APRs) of mortgage language.
Are you ready for a disaster?
September marks National Preparedness Month. Whether you prepare now or at another time, MSGCU can help with these tips.
6 tips for a hassle-free mortgage process
Make your homebuying journey easier by starting with the right mortgage lender. Follow these tips to find one and enjoy a smooth homebuying experience.
Financing your vacation home
You’ve decided you’re ready to buy your dream vacation home, now what? In this article we’ll cover first home vs second home purchases, financing options, and more.
Busting the 20% down myth
It’s common to think you need to save 20 percent of a home’s value for a down payment before home ownership can be considered. Good news: it’s a myth. Read on for more good news.
Hit the water, not your wallet: 8 simple steps to save for a boat
Ready to make waves without sinking your budget? Here are eight simple steps to save up for the boat of your dreams.
Road Trip for Less
Need a vacation, but don’t want to break the bank? A road trip might be the right blend of adventure and low cost you’re looking for.
Protect Your Finances and Identity While Traveling
Taking a trip or going on vacation is exciting! As you plan what to pack and sites to see, make sure protecting your finances and your identity are on your pre-trip list. MSGCU makes it easy with these tips.
5 reasons why you shouldn’t put off getting a loan
Even though rates have gone up, getting a loan can still be the right move for you depending on your situation. Here are five reasons why.
Put your home’s equity to work for you this summer.
The hot real estate market has led to a boom in popularity for home equity loans with many Michiganders choosing to stay in their home purchased or refinanced when mortgage rates were historically low. Read on to learn what a home equity loan is, what you can use it for, and see if it’s right for you.
Saving at the vet: how to keep your furry friends from breaking the bank
If you’re an animal lover, you know that vet bills can be overwhelming. Learn some great ways to lower your costs while still giving your furry friend the best possible care!
Here’s What You Need to Know About Spoofing Scams
Modern technology has enabled scammers to be sneakier and harder to spot than ever before. Here’s what you need to know about spoofing and spoofing scams.
Stay safe from scams.
Financial institutions are seeing increases in fraud. Learn to spot the warning signs to avoid falling victim from texts like these.
First timers’ guide: The three stages of the homebuying process
The process of buying a first home can seem overwhelming. With a step-by-step approach, the experience becomes less daunting – and a lot more fun.
The Heart of Your Finances: Your Checking Account
Maybe you’re considering opening a checking account or aren’t even sure if you really need one. The experts at MSGCU say you do and here’s why.
Don’t go mad this March over gambling. Understand the risks of online sportsbooks.
Sportsbook apps seem like a fun and easy way to win money. Like any form of gambling, they run the risk of monetary losses that can seriously impact your finances.
Four Steps to Go From Renting to Buying
Tired of renting your home, but not sure you’re ready to buy? Here’s how to make the best decision and go from renter to buyer when you’re confident it’s time to purchase a home.
Avoid Student Loan Scams
Student loan interest and payments have resumed from the pandemic pause, which means scammers are back to work. Read on to learn more about common student loan scams.
The Post-Holiday Budget Recovery Guide
The holidays are in the rearview, and if you’ve gone over budget with your spending, it’s time to deal with the aftermath. Here’s how you can get your budget back on track for the new year and avoid future budget-busting.
New Year Financial Resolutions
The New Year brings new financial goals, yet many of us feel overwhelmed when we start thinking about what we might tackle as a resolution. Here are 6 tips to get you started from the experts at MSGCU.
5 Ways to Increase Your Credit Score
Your credit score is vital to your financial health. An excellent credit score can open the door to large loans and better interest rates, as well as employment opportunities and more.
Discover the best ways to build and maintain an excellent credit score.
The 12 Days Scams of Christmas
'Tis the season for scammers to take advantage of the giving spirit and holiday hustle. Read on to help prevent these 12 common holiday season scams.
Keep Your Data Safe Online
A compromised computer can put you at risk for money loss, phishing scams, or even complete identity theft. Read on for steps you can take to keep yourself safe online.
Stay Safe During the Holiday Season
Sometimes we let our guard down due to the stress of the holiday season and thieves may try to exploit that. Read our tips to prevent becoming a holiday victim.
Payday Loans: A Serious Problem with A Smart Solution
Payday loans can seem like an easy way out of a financial jam, until you get caught in the spiral of fees. Fortunately, MSGCU has you covered when unexpected needs arise and you’re out of funds until the next pay day.
Mortgage options to help you unlock the door of your dream home.
Not all mortgages are the same. Rates, product offerings, and other benefits add up to your perfect mortgage package.
9 tips to follow on National Financial Awareness Day
MSGCU helps you get the most out of your money every day.
Is it time to choose a new bank?
Read on for 4 signs it’s time to leave a bank, and 4 questions to ask a new one.
Why CDs are a Great Investment for Younger Savers
For millennial and Gen-Z savers, Certificates of Deposit offer the best of both worlds: high returns & no risk.
A Blueprint for Managing Credit Card Debt
Paying down high-interest rate credit card debt can feel overwhelming sometimes. Check out these tips to help you effectively knock out your debt.
How Text Message Scams Typically Work
Do you know the warning signs of a text message scam? Learn how they work and what you can do to protect yourself.
Fall in Love, Not for Scams
Millions of people are looking for love, including scammers. Or, that’s what they want you to think.
Know the signs of an online romance scam so you don’t end up with a broken heart and drained bank account.
Keep safe from holiday scams
As the holiday season ramps up, keep your season cheery and bright by not falling for these holiday-related scams.
How To Make Certificates of Deposit Work for You and Your Savings Goals
Is building your savings account a priority in your financial goals? Learn more about your options and determine the right choice for you when it comes to savings accounts and certificates of deposit.
Beyond the piggy bank: 5 ideas for helping kids achieve more financial independence.
Teaching kids about money management can seem daunting, but it doesn’t have to be complicated. Read on for five simple money truths to help prepare your kids for a successful financial future.
Use These 5 Easy Tips to Protect Yourself Online
We’re all online these days. Whether you work from home, are taking online classes, or simply enjoy scrolling through social media, keep your accounts protected and don’t let them be vulnerable. Protecting yourself online has never been more important.
What to do before getting your first loan.
You’re considering a big purchase, and you’re going to need a loan to make it happen. Before you take the plunge, take these steps to make sure you’re ready for your first loan.
Turn renting into owning with our step-by-step guide
Tired of renting, and feel the homebuying process can be overwhelming? See why now is the perfect time to become a homeowner with our easy step-by-step homebuying guide.
Help your college kid make smarter, safer money choices, right from the start.
When your child is ready to head off to college, here are 7 tips from MSGCU you can use to help them build financial freedom and make smarter, safer money choices.
Going to college? Take MSGCU with you.
Learn all the convenient ways you can bank with us, no matter which campus you’re headed for.
Six smart financial moves to make when you get your first “real” job.
Your hard work has paid off and you’ve landed your first “real” job. Congratulations! As you embark on your brilliant career, you can make your future even brighter by making these smart financial moves.
5 steps to RV- and boat-buying for an unforgettable spring and summer.
Ready to spring into Michigan’s warm weather activities with a new or used boat, RV or ATV? Check out MSGCU’s 5 steps to RV, boat and powersports buying.
Applying for a new mortgage? We have tips to save you time.
Whether you are a first-time home buyer or reentering the home buying or refinancing market, the application process might seem daunting. Before you start emptying your filing cabinet for documents, see how you can streamline the application process.
Scammers are targeting teens and young adults. Learn how not to be a victim.
Young people are often preyed upon by scammers. Read on for more from MSGCU security experts to prevent you, or someone you love, from being a victim.
8 ways to get your teen ready for financial independence.
Let go, hang on, let go, hang on, let go … help with getting your teenager ready for more financial independence is here! Read on for wisdom from the financial champions at MSGCU.
Scam prevention: Look out for these 7 red flags
Many Americans unfortunately fall prey to scams each year. Read on for seven common red flags from MSGCU security experts to raise your guard and help prevent you from falling victim to a scam.
5 ways to save money on a new or used car
With a few smart financial moves, you can save a lot of money on your current vehicle or a new car purchase.
Spotted: hidden fees in rates. Here’s what to look for to get the best deal.
A good rate can turn bad quickly when fees and points are included. Read on for a simple tip to spot the best deal when shopping for a mortgage.
Your credit score: What it is and how you can make it better.
What is a credit score, and how can you make sure yours will help, not hurt you? Read on to get answers to these questions and more. We’ll help you get off on the right foot with your credit history.
Spring clean your finances
Whether you are looking for ways to save or spend wisely this spring, the team at MSGCU has options and advice for you.
Two truths and a lie about homebuying success
As the winter turns to spring, many turn to shopping for a new home. An MSGCU mortgage expert describes two truths and a lie about being ready for the spring shopping season.
How to open a bank account at MSGCU
Ready to manage your own money? Read this blog to learn how to open an MSGCU bank account and make the most of your membership.
Your 2022 home goals: Tips for financing home improvements or a new home
A common 2022 goal is home improvement, either with renovations or a move. Here are some tips on financing your goals for the new year.
Start ahead, stay ahead: 7 must-haves for a better first bank account
Think you’re ready for your first bank account? Read on for 7 must-haves when looking for your financial partner.
Cryptocurrency: what it is and what risks to consider
Cryptocurrency continues gaining popularity. Read on for more about digital currency, including important risks to consider.
Know the signs of a Spear Phishing scam
It’s important to remain vigilant to the various types of cybersecurity scams. Learn what to look for so you don’t fall victim to a spear phishing scam.
Is it time to leave your bank?
Learn to recognize the signs that it is time to move on from your current bank and choose the next one. Plus, three key questions to ask when choosing a new bank.
8 questions to ask before taking out an auto loan
Whether you’re buying or refinancing, choosing an auto lender is a big decision. Take your time to find one who will work with you and your financial goals; in other words, do your homework. Read on for 8 key questions to ask lenders before you get (or refinance) an auto loan.
Check interest rates today, save tomorrow.
Could your interest rates be lower or are you paying too much in interest rates? Read on to find out more and what to look for.
Partner with us to help protect your accounts.
In addition to MSGCU's behind-the-scenes security features, there are additional tips you can use to help keep your information safe.
10 tips to follow on National Financial Awareness Day.
Financial Awareness Day was August 14. Let MSGCU help you get the most from your money with these tips every day.
8 myths of modern mortgages every homebuyer should know.
Whether you’ve done this before or you’re a first-time homebuyer, getting current about best practices for finding and financing a new home is always a good idea.
5 financial habits to start today
Try these five tips, or start with just one, to bring your financial wellbeing to the next level.
7 reasons to go paperless with your bank statements
Making the switch to paperless bank statements (eStatements) gives you added convenience and security benefits, which means less worry for you. Read on for seven reasons why paperless statements may be right for you.
How to win at debt
An important consideration when taking out a loan is whether it might be good debt or bad debt. Not all credit is bad, read on to learn the difference.
Starting your emergency savings fund
It’s never too late to start your emergency fund. Read on for easy tips you can do today to start saving.
Debit or credit: What’s the difference?
Swiping and signing to make a purchase is so easy these days, but do you grab your debit card or credit card? Does it matter? Read on for answers.
Smash your credit card debt
While not all debt is bad, too much can limit the amount of money you can put toward your life goals. Read on for three easy steps so you can use credit to your benefit versus being overwhelmed with payments you can’t afford.
Small savings = big rewards!
Saving money doesn’t have to be daunting. Read on for quick and fun ways to save from MSGCU’s experts.
Study, work, save: How to win at college.
Save money in college without having to give up everything you love with these tips from Michigan Schools and Government Credit Union.
Holiday shopping? Pay by phone to keep safe.
Holiday shopping? Paying by phone using your mobile wallet is a smart, safe choice in the checkout line this year.
MSGCU is on the front line of your finances
MSGCU has always been here for its members, even during COVID-19. Learn how we helped members financially impacted by COVID-19.
See you at the drive-thru!
Did you know you can complete the same actions through an MSGCU drive-thru that you can in a branch? The drive-thru is a safe and easy way to complete transactions, and a friendly MSGCU team member is always there to help.