CLINTON TOWNSHIP, Mich. – Michigan Schools and Government Credit Union (MSGCU) has been selected by the Michigan Credit Union League (MCUL) as a recipient of three prestigious awards. The Credit Union was awarded first place for both the 2012 Louise Herring Award and the 2012 Desjardins Youth Financial Education Award, as well as an honorable mention for the 2012 Desjardins Adult Financial Education Award.
"Every day, our goal is to live up to the credit union philosophy of ‘people helping people,' as well as our own value of helping our members with setting it right," said MSGCU President and CEO Peter Gates. "To be recognized for our efforts with these awards is an honor."
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The Louise Herring Philosophy-in-Action Member Service Award recognizes efforts to materially improve members' lives through special programs. MSGCU received a first place accolade for its Classroom Funding Initiative, which assists local educators in obtaining funding for their classrooms. This initiative included the creation of two programs: 1) he 0% Classroom Loan is designed to help teachers avoid dipping into their savings for school supplies, and 2) the Classroom Cash Grant Program, which awards grants to educators who want to implement innovative lessons plans in their classrooms.
The Desjardins Youth Financial Education Award was established to recognize efforts that support the educating of youth about personal finance. It identifies the Credit Union's involvement in community activities as well as scholastic resources to raise financial literacy awareness. The Credit Union was honored with a first place accolade for its 2012 efforts, which included hosting free educational seminars, presenting at local schools, holding a high school marketing class contest and offering award-winning youth savings programs for children and teenagers.
MSGCU also won an honorable mention in the Desjardins' Adult category for hosting free educational seminars; providing free financial coaching for members; and highlighting the issue of financial illiteracy by offering personal finance instruction for adults at more than 400 site visits at local schools, government offices, businesses and more.
About Michigan Schools and Government Credit Union (MSGCU):
For nearly 60 years, Michigan Schools and Government Credit Union has been providing quality financial services to its members. Founded by a handful of teachers, MSGCU now has more than 68,000 members, $1.2 billion in assets and more than 200 employees. The credit union has consistently received Bauer Financial's highest rating, five stars, and has obtained a member satisfaction rating of 97% in 2012. With 11 offices located throughout Macomb and Oakland Counties, MSGCU offers a full range of personal- and business-related financial services. For more information, visit www.msgcu.org, or call 586.263.8800 or 1.866.MSGCU4U.