Michigan Schools & Government Credit Union
Legal name: Michigan Schools and Government Credit Union
Nonprofit profile at a glance
- EIN
- 381629793
- IRS 990 coverage
- 2010–2025
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2025, Form 990-N 2025
- Location
- Clinton Township, MI, USA
- Phone
- (866) 674-2848; (586) 263-8800
- Rating confidence
- Limited
Reported finances
- Revenue
- $231,318,640
- Expenses
- $195,685,755
- Assets
- $4,286,069,600
- Liabilities
- $3,763,659,634
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
19 people listed
Executive titles in this filing
- STEVE BREWER (PRESIDENT/CEO)
Highest reported compensation
- STEVE BREWER (PRESIDENT/CEO): $940,147 total reported compensation
- CHARUMATHI HARI (MORTGAGE CONSULTANT): $605,600 total reported compensation
- PHILIP COOPER (CLO): $502,091 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Not for profit. All for members. Members and communities are at the center of everything that we do. Ms. Danilowicz brings words to life for her students who are blind and visually impaired. She used her Classroom Cash Grant to create braille story boxes for her students that cannot access words or pictures in books. During early literacy, accessing pictures is important because it encourages engagement with the story. Plus, children use pictures as contextual clues to decipher words as a pre-reading strategy. This lack of accessibility poses an enormous problem when it comes to low vision students. Her braille story boxes help solve the problem by making the book a tangible experience. The boxes include a printed picture book, clear braille labels which correspond to the printed page, and.
What it reported doing in 2025
The credit union maintained its scholarship initiatives by contributing over $135,000 to members of the communities in southeast Michigan. Msgcu awarded $107,500 through 43 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.
Operating model
- Revenue model
- Earned-program. 95% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 90
- Accountability: 95
- Sustainability: 75
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90%; rating input score 90; 5th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 97.9%; rating input score 98; 40th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 65th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 15.4%; rating input score 80; 80th percentile among comparable filings
- Total-asset coverage ratio: 21.9; rating input score 95; 95th percentile among comparable filings
- Liabilities to assets ratio: 0.88; rating input score 12; 12th percentile among comparable filings
- Officer compensation ratio: 1.7%; rating input score 67; 67th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 10.5% per year; rating input score 100; 75th percentile among comparable filings
- Asset growth: 9.5% per year; rating input score 100; 65th percentile among comparable filings
Details
- What they do: 2 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 13 of 13 board members independent · 8 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $940K · 19 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $11.4M reported
- Consistency: 11 of 12 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes grants, executive pay, and related organizations
- Filing history: 12 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 16 filed money-flow records
- Related organizations: 5 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Liabilities to assets ratio scored 12/100.