CLINTON TOWNSHIP, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MICHIGAN SCHOOLS AND GOVERNMENT CREDIT UNION, founded in 1954, is a major nonprofit that reported $201.6M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $177.1M left a modest 12% surplus.
WE ARE A CARING ORGANIZATION DEDICATED TO PROMOTING FINANCIAL SUCCESS FOR OUR MEMBERS.
WITH 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...
WITH 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.
THE 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...
THE 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.
THE 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...
THE 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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $201,599,156 | $159,278,248 | +0.3% |
| Expenses | $177,058,948 | $139,729,726 | +0.3% |
| Net Income | $24,540,208 | $19,548,522 | +0.3% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| WILLIAM CAYEN | VICE CHAIRPERSON | 1.00 |
Director
|
$0 | $0 | $0 |
| RICHARD MAIERLE | DIRECTOR | 1.00 |
Director
|
$3,981 | $0 | $3,981 |
| JAMES MCCANN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TERESA DIMARIA | DIRECTOR | 1.00 |
Director
|
$649 | $0 | $649 |
| EDWARD CALLAGHAN | DIRECTOR | 1.00 |
Director
|
$864 | $0 | $864 |
| RICHARD SHOEMAKER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DOUGLAS SMITH | CHAIRPERSON | 1.00 |
Director
|
$1,076 | $0 | $1,076 |
| CHARLES THOMAS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ELIZABETH ARGIRI | TREASURER | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRISTINA AYAR | SECRETARY | 1.00 |
Director
|
$0 | $0 | $0 |
| WANDA COOK-ROBINSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVE BREWER | PRESIDENT/CEO | 40.00 |
Officer
|
$791,206 | $62,621 | $853,827 |
| PHILIP COOPER | CLO | 40.00 |
Highest
|
$415,111 | $56,343 | $471,454 |
| DEBORAH FAHRNEY | COO | 40.00 |
Highest
|
$433,095 | $59,632 | $492,727 |
| VALLORIE MCBRIDE | CFO | 40.00 |
Highest
|
$289,393 | $40,751 | $330,144 |
| BRYAN WIELGAT | CIO | 40.00 |
Highest
|
$338,563 | $57,089 | $395,652 |
| CHARUMATHI HARI | MORTGAGE CONSULTANT | 40.00 |
Highest
|
$560,739 | $34,332 | $595,071 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $201,599,156 | $177,058,948 | $3,895,584,180 | $24,540,208 |
| 2023 | $159,278,248 | $139,729,726 | $3,633,913,845 | $19,548,522 |
| 2022 | $126,760,665 | $83,153,428 | $3,333,677,668 | $43,607,237 |
| 2020 | $112,129,376 | $86,925,206 | $2,777,350,124 | $25,204,170 |
Compare MICHIGAN SCHOOLS AND GOVERNMENT CREDIT UNION with other nonprofits in Michigan and across the country.