2026-09-22T10:52:39-05:00 2025-12-31 994260840 DOEREN MAYHEW 8785 SW 165TH AVE STE 303 MIAMI FL 33193 990 2025-01-01 381629793 MICHIGAN SCHOOLS AND GOVERNMENT CREDIT UNION MICH 5862638800 40400 GARFIELD RD CLINTON TOWNSHIP MI 48038 VALLORIE MCBRIDE CFO 5862638800 2026-09-19 1 AUBREY CLEGG P01076395 3052328272 2026-09-19 2025 STEVE BREWER 40400 GARFIELD RD CLINTON TOWNSHIP MI 48038 278069684 0 1359 X WWW.MSGCU.ORG X CREDIT UNION 1954 MI 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 24 BRANCHES IN MACOMB, OAKLAND, WAYNE AND WASHTENAW COUNTIES, MSGCU HAS MORE THAN 161,000 MEMBERS, OVER 470 TEAM MEMBERS, $4.3 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 13 YEARS. 13 13 557 13 147808 0 0 0 189193019 219920561 8790361 11398079 3615776 0 201599156 231318640 155575 187600 0 0 46325203 51203946 0 0 0 130578170 144294209 177058948 195685755 24540208 35632885 3895584180 4286069600 3431123783 3763659634 464460397 522409966 WE ARE A CARING ORGANIZATION DEDICATED TO PROMOTING FINANCIAL SUCCESS FOR OUR MEMBERS. 0 0 WITH 24 OFFICES LOCATED THROUGHOUT MACOMB, OAKLAND, WAYNE AND WASHTENAW COUNTIES, PROVIDING FULL ONLINE BANKING AND MOBILE SERVICES, WITH $4.3 BILLION IN ASSETS, $3.7 BILLION IN LOANS, AND A STAFF OF 470 EMPLOYEES, MSGCU IS A VALUED RESOURCE FOR FINANCIAL WELLBEING FOR BOTH CONSUMERS AND BUSINESSES. AT THE END OF 2025, THE CONSUMER LENDING PORTION OF THE PORTFOLIO WAS JUST OVER $1.4 BILLION, THE MORTGAGE PORTFOLIO WAS JUST OVER $1.9 BILLION, AND THE BUSINESS LOAN PORTFOLIO WAS $386 MILLION. MEMBER SHARES TOTALED APPROXIMATELY $3.5 BILLION. 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. 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 2025, MSGCU AWARDED 70 GRANTS TOTALING MORE THAN $52,000 TO LOCAL EDUCATORS TO BE USED DURING THE 2025/2026 SCHOOL YEAR. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 1 1 1 1 0 1 58801 0 1 557 1 1 1 0 0 0 0 0 0 0 X 13 13 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X VALLORIE MCBRIDE 5862638800 40400 GARFIELD RD CLINTON TOWNSHIP MI 48038 DOUGLAS SMITH BOARD CHAIRPERSON 1.00 X 3963 0 0 DR WILLIAM CAYEN BOARD VICE CHAIRPERSON 1.00 X 0 0 0 ELIZABETH ARGIRI BOARD TREASURER 1.00 X 0 0 0 CHRISTINA AYAR BOARD SECRETARY 1.00 X 0 0 0 RICHARD MAIERLE BOARD MEMBER 1.00 X 3553 0 0 JAMES MCCANN BOARD MEMBER 1.00 X 0 0 0 RICHARD SHOEMAKER BOARD MEMBER 1.00 X 0 0 0 DR EDWARD CALLAGHAN BOARD MEMBER 1.00 X 1559 0 0 TERESA DIMARIA BOARD MEMBER 1.00 X 2144 0 0 CHARLES THOMAS BOARD MEMBER 1.00 X 889 0 0 LOLA ARE BOARD MEMBER 1.00 X 0 0 0 WANDA COOK-ROBINSON BOARD MEMBER 1.00 X 0 0 0 STEVEN GOTTLIEB BOARD MEMBER 1.00 X 0 0 0 STEVE BREWER PRESIDENT/CEO 40.00 X 873615 0 66532 CHARUMATHI HARI MORTGAGE CONSULTANT 40.00 X 558844 0 46756 PHILIP COOPER CLO 40.00 X 441794 0 60297 BRYAN WIELGAT CIO 40.00 X 419660 0 63228 VALLORIE MCBRIDE CFO 40.00 X 387655 0 65527 RACHEL FRAGNOLI SVP HR 40.00 X 314328 0 55246 3008004 0 357586 79 0 1 0 KASCO LLC 226 E HUDSON AVE ROYAL OAK MI 48067 CONSTRUCTION 6747600 BROGAN & PARTNERS 535 WOODWARD HEIGHTS FERNDALE MI 48220 ADVERTISING 2073032 ACCESS SOFTEK 727 ALLSTON WAY LOS ANGELES CA 90051 TECHNOLOGY 900382 AMERICAN INTERIORS 302 S BRYNE RD CLEVELAND OH 44193 FURNITURE 859416 DOXIM INC 1911 WOODSLEE DR CLEVELAND OH 44193 COMMUNICATIONS 836478 57 INTEREST ON LOANS 522100 197236117 197236117 FEES, CHARGES AND OTHER 522100 22536636 22536636 FINANCE & INSURANCE 520000 147808 147808 219920561 10700934 9802932 898002 10632716 36815473 10632779 36118265 -63 697208 697145 697145 231318640 230272830 147808 898002 X 28000 159600 952255 36761150 3025377 7707348 2757816 236848 3375356 4140240 3556751 3821486 131390 121548 93849287 122338 3545616 368079 PROVISION FOR LOAN LOSS 13100000 LOAN SERVICING EXPENSE 5432052 DEBIT/CREDIT CARD EXPEN 4624371 SOFTWARE LICENSING AND 3301944 4566903 195685755 11254713 13593763 44842335 48179582 3102939 5708813 15140624 15338852 3337509476 3640805272 2864727 3500848 113244982 31175574 74677158 82069408 317820742 351241517 18981531 28212553 1740247 69389935 95678745 3895584180 4286069600 23250471 24595816 3862040 3718258 4934786 5346952 175000000 192500000 3224076486 3537498608 3431123783 3763659634 X 0 0 0 0 464460397 522409966 464460397 522409966 3895584180 4286069600 X 35632885 11409967 10906717 X X 0 1 X 1 0 0 1 X 30778994 30778994 58850019 14298337 44551682 2469831 43728 2426103 20276448 16124096 4152352 869690 709413 160277 82069408 MEMBER DEPOSITS 3537498608 3537498608 X 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, 2025. 1 OAKLAND COMMUNITY COLLEGE FOUNDATION 2480 OPYKE ROAD BLOOMFIELD HILLS MI 48034 382282180 501(C)(3) 0 8000 TO ASSIST IN THE FOUNDATION'S INITIATIVE TO FUND EDUCATIONAL SOLUTIONS SCHOLARSHIPS FOR FIRST RESPONDERS MACOMB COMMUNITY COLLEGE FOUNDATION 14500 EAST 12 MILE ROAD WARREN MI 48088 383495303 501(C)(3) 0 8000 TO ASSIST IN THE FOUNDATION'S INITIATIVE TO FUND EDUCATIONAL SOLUTIONS SCHOLARSHIPS FOR FIRST RESPONDERS SCHOOLCRAFT COLLEGE FOUNDATION 18600 HAGGERTY ROAD LIVONIA MI 48152 381685740 501(C)(3) 0 8000 TO ASSIST IN THE FOUNDATION'S INITIATIVE TO FUND EDUCATIONAL SOLUTIONS SCHOLARSHIPS FOR FIRST RESPONDERS 3 0 COLLEGE SCHOLARSHIPS 43 107500 CLASSROOM GRANTS 70 52100 PART I, LINE 2: MSGCU GIFTED FUNDS TO THREE COLLEGE FOUNDATIONS AND ONE COLLEGE IN THE AMOUNT OF $28,000. THE RECIPIENTS OF THE FUNDS WERE DETERMINED BY THESE ENTITIES INDEPENDENT OF MSGCU. THESE SCHOLARSHIPS BENEFIT FIRST RESPONDERS WHO WILL GRADUATE FROM THE FIRE AND POLICE ACADEMIES AT MACOMB COMMUNITY COLLEGE, OAKLAND COMMUNITY COLLEGE, AND SCHOOLCRAFT COLLEGE AND WAYNE COMMUNITY COLLEGE. PART III: WE ARE PROUD TO ANNUALLY DISTRIBUTE SCHOLARSHIPS TO HIGH SCHOOL SENIORS, COLLEGE STUDENTS STUDYING EDUCATION, EDUCATORS WHO ARE ADVANCING THEIR SKILLS, AND STUDENTS PURSUING CAREERS IN THE SKILLED TRADES INDUSTRY OR AS FIRST RESPONDERS. MORE THAN $1.3 MILLION HAS BEEN AWARDED SINCE THE INCEPTION OF THE PROGRAM IN 2004. X 1 1 X X X X X 0 1 0 STEVE BREWER PRESIDENT/CEO 758676 0 103194 0 11745 0 34000 0 32532 0 940147 0 0 0 CHARUMATHI HARI MORTGAGE CONSULTANT 54981 0 503563 0 300 0 26668 0 20088 0 605600 0 0 0 PHILIP COOPER CLO 380767 0 60727 0 300 0 34000 0 26297 0 502091 0 0 0 BRYAN WIELGAT CIO 359367 0 59993 0 300 0 33712 0 29516 0 482888 0 0 0 VALLORIE MCBRIDE CFO 325141 0 62214 0 300 0 33857 0 31670 0 453182 0 0 0 RACHEL FRAGNOLI SVP HR 273022 0 41006 0 300 0 27231 0 28015 0 369574 0 0 0 PART I, LINE 4B CERTAIN KEY EXECUTIVES PARTICIPATE IN A COLLATERAL ASSIGNED SPLIT DOLLAR ARRANGEMENT (SEE SCHEDULE L). STEVE BREWER CEO LIFE INS. X 4400000 5248370 0 1 1 PETER GATES FORMER CEO LIFE INS. X 8350000 10090482 0 1 1 15338852 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 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. THE COMPLETE 990 IS ALSO PROVIDED TO THE BOARD OF DIRECTORS AFTER IT IS FILED. 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 HUMAN RESOURCES 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. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL SERVICES 3,375,356. FORM 990, PART IX, LINE 24E ONLINE BANKING EXPENSE 1,772,633. MAINTENANCE 1,032,539. COLLECTIONS EXPENSE 864,039. EDUCATION AND TRAINING 522,980. ANNUAL OPERATING FEE 330,239. OTHER 44,473. FORM 990, PART XI, LINE 9: EQUITY ACQUIRED IN MERGER (T&I CREDIT UNION) 10,906,717. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES IN THE PROCESSES UTILIZED BY THE AUDIT COMMITTEE. 20595 LIVONIA LLC 28366 FRANKLIN SOUTHFIELD MI 48034 455324142 HOLDING COMPANY FOR LAND MI 0 741007 MICHIGAN SCHOOLS AND GOVERNMENT CREDIT UNION SOC REAL ESTATE INC 40400 GARFIELD CLINTON TOWNSHIP MI 48038 382658390 REAL ESTATE MI MICHIGAN SCHOOLS AND GOVERNMENT CREDIT UNION C -144378 11866903 1.00000 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 SOC REAL ESTATE INC K 730836 MARKET LEASE RATES PER SQ FOOT SOC REAL ESTATE INC L 120000 SALARY ALLOCATION