CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization: CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN (EIN 38-1629793)
Tax period: 2015-01-01 to 2015-12-31
Filed: 2016-05-13
IRS object ID: 201641349349304829
Schema version: 2015v2.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule I
Schedule J
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2016-05-13T14:19:55-05:00	ReturnTs
Tax Period End	2015-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	381357951	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	PLANTE & MORAN PLLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	2601 CAMBRIDGE CT SUITE 500	AddressLine1Txt
City	AUBURN HILLS	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	48326	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2015-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	381629793	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	MICHIGAN SCHOOLS & GOVERNMENT	BusinessNameLine1Txt
Business Name Line2	CREDIT UNION	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	MICH	BusinessNameControlTxt
Phone	5862638800	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	40400 GARFIELD RD	AddressLine1Txt
City	CLINTON TOWNSHIP	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	48038	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	STEVE BREWER	PersonNm
Person Title	CFO	PersonTitleTxt
Phone	5862638800	PhoneNum
Signature	2016-05-13	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	LYNNE HUISMANN	PreparerPersonNm
PTIN	P00053811	PTIN
Phone	2483757100	PhoneNum

Field	Value	IRS element (for citing)
Tax	2015	TaxYr
Build TS	2016-12-15 16:53:06Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	PETER GATES	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	40400 GARFIELD RD	AddressLine1Txt
City	CLINTON TOWNSHIP	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	48038	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$256,432,834	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Group Exemption	1359	GroupExemptionNum
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.MSGCU.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1954	FormationYr
Legal Domicile State	MI	LegalDomicileStateCd
Activity Or Mission	CREDIT UNION OPERATED FOR MUTUAL PURPOSES.	ActivityOrMissionDesc
Voting Members Governing Body	11	VotingMembersGoverningBodyCnt
Voting Members Independent	11	VotingMembersIndependentCnt
Total Employee	349	TotalEmployeeCnt
Total Volunteers	11	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$66,126,851	PYProgramServiceRevenueAmt
CY Program Service Revenue	$65,481,844	CYProgramServiceRevenueAmt
PY Investment Income	$2,976,826	PYInvestmentIncomeAmt
CY Investment Income	$3,191,903	CYInvestmentIncomeAmt
PY Other Revenue	$0	PYOtherRevenueAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$69,103,677	PYTotalRevenueAmt
CY Total Revenue	$68,673,747	CYTotalRevenueAmt
PY Grants And Similar Paid	$85,686	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$112,121	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$19,165,927	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$21,560,225	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$36,837,385	PYOtherExpensesAmt
CY Other Expenses	$30,271,083	CYOtherExpensesAmt
PY Total Expenses	$56,088,998	PYTotalExpensesAmt
CY Total Expenses	$51,943,429	CYTotalExpensesAmt
PY Revenues Less Expenses	$13,014,679	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$16,730,318	CYRevenuesLessExpensesAmt
Total Assets BOY	$1,543,993,714	TotalAssetsBOYAmt
Total Assets EOY	$1,556,767,455	TotalAssetsEOYAmt
Total Liabilities BOY	$1,376,460,570	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$1,373,220,595	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$167,533,144	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$183,546,860	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	WE ARE A CARING ORGANIZATION DEDICATED TO PROMOTING FINANCIAL SUCCESS FOR OUR MEMBERS.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Desc	MICHIGAN SCHOOLS AND GOVERNMENT CREDIT UNION IS A FULL SERVICE FINANCIAL INSTITUTION SERVING APPROXIMATELY 102,534 MEMBERS. THE CREDIT UNION FOCUSES ON MEETING THE NEEDS OF MEMBERS AND POTENTIAL MEMBERS WHO LIVE AND WORK IN MICHIGAN. MAJOR PRODUCTS AND SERVICES INCLUDE CONSUMER LENDING, SAVINGS AND INVESTMENT PRODUCTS, MORTGAGE LENDING, AND FINANCIAL EDUCATION AND SCHOLARSHIP PROGRAMS. DURING 2015, 232 FINANCIAL EDUCATION WORKSHOPS ON MONEY MANAGEMENT TOPICS AND 30 COMMUNITY RELATION EVENTS WERE PROVIDED TO MEMBERS. THE SCHOLARSHIP PROGRAM AWARDED OVER $80,000 TO STUDENTS SEEKING HIGHER EDUCATION DURING 2015 AND THE CLASSROOM GRANT PROGRAM AWARDED OVER $44,000 TO LOCAL EDUCATORS TO BE USED DURING THE 2015/2016 SCHOOL YEAR. ALSO DURING 2015, MSGCU KICKED OFF ITS GIVING BACK PROGRAM. IN TOTAL MSGCU PROVIDED MORE THAN $12,000 IN FINANCIAL ASSISTANCE AND HUNDREDS OF VOLUNTEER HOURS TO LOCAL COMMUNITY ORGANIZATIONS AND NON-PROFIT GROUPS.	Desc
Described In Section501c3	0	DescribedInSection501c3Ind
Schedule B Required	0	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	Yes (1)	CreditCounselingInd
Temp Or Permanent Endowments	0	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	0	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (1)	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	Yes (1)	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	0	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	Yes (1)	DisregardedEntityInd
Related Entity	Yes (1)	RelatedEntityInd
Related Organization Ctrl Ent	Yes (1)	RelatedOrganizationCtrlEntInd
Transaction With Control Ent	Yes (1)	TransactionWithControlEntInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	22423	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	349	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	11	GoverningBodyVotingMembersCnt
Independent Voting Member	11	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (1)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	0	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	PETER GATES	PersonNm
Phone	5862638800	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	40400 GARFIELD RD	AddressLine1Txt
City	CLINTON TOWNSHIP	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	48038	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd
MILO PERREAULT
CHAIRMAN	1.00	Yes (X)	Yes (X)	$0	$0	$0
WILLIAM CAYEN
VICE CHAIRMAN	1.00	Yes (X)	Yes (X)	$0	$0	$0
RICHARD MAIERLE
SECRETARY	1.00	Yes (X)	Yes (X)	$0	$0	$0
STEPHEN THOMAS
DIRECTOR	1.00	Yes (X)		$0	$0	$0
DOUGLAS SMITH
DIRECTOR	1.00	Yes (X)		$0	$0	$0
EDWARD CALLAGHAN
DIRECTOR	1.00	Yes (X)		$0	$0	$0
JAMES MCCANN
TREASURER	1.00	Yes (X)	Yes (X)	$0	$0	$0
RICHARD SHOEMAKER
DIRECTOR	1.00	Yes (X)		$0	$0	$0
CHARLES THOMAS
DIRECTOR	1.00	Yes (X)		$0	$0	$0
TERESA DIMARIA
DIRECTOR	1.00	Yes (X)		$0	$0	$0
ELIZABETH ARGIRI
DIRECTOR	1.00	Yes (X)		$0	$0	$0
PETER GATES
CEO	40.00		Yes (X)	$619,021	$0	$46,532
ROBERT BREWER
CFO	40.00			$271,772	$0	$41,090	Yes (X)
SCOTT TOWNSEND
CIO	40.00			$225,358	$0	$31,759	Yes (X)
MICHAEL ZALEWSKI
VP HR	40.00			$178,016	$0	$32,788	Yes (X)
LORIE DIETZ
VP MARKETING & BUSINESS DEVELOPMENT	40.00			$167,594	$0	$33,386	Yes (X)
DEBORAH FAHRNEY
VP RETAIL SERVICES	40.00			$170,231	$0	$32,935	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$1,631,992	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$218,490	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	7	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
FRANK REWOLD AND SON INC
333 E SECOND STREET	ROCHESTER	MI	48307	CONSTRUCTION SERVICES	$1,542,865
KASCO INC
226 EAST HUDSON AVENUE	ROYAL OAK	MI	48067	CONSTRUCTION SERVICES	$1,442,395
AMERICAN INTERIORS
PO BOX 73442	CLEVELAND	OH	44193	INTERIOR DESIGN/FURNITURE	$798,513
IDSCOM
747 E WHITCOMB AVE	MADISON HEIGHTS	MI	48071	DOCUMENT SOLUTIONS	$690,977
HARRISON MEDIA
24416 CROCKER BOULEVARD	CLINTON TOWNSHIP	MI	48036	MARKETING	$482,052

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	40	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
LOAN INCOME	522100	$53,724,507	$53,724,507
FEE INCOME	522100	$11,585,997	$11,585,997
SALE OF LOANS	522100	$171,340	$171,340

Field	Value	IRS element (for citing)
Total Program Service Revenue	$65,481,844	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$3,321,369	TotalRevenueColumnAmt
Related Or Exempt Func Income	$2,878,501	RelatedOrExemptFuncIncomeAmt
Exclusion	$442,868	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$178,386,453	SecuritiesAmt
Other	$9,243,168	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$178,217,732	SecuritiesAmt
Other	$9,541,355	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$168,721	SecuritiesAmt
Other	-$298,187	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$129,466	TotalRevenueColumnAmt
Exclusion	-$129,466	ExclusionAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$68,673,747	TotalRevenueColumnAmt
Related Or Exempt Func Income	$68,360,345	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$313,402	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$44,621	TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$67,500	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$665,553	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$13,808,415	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$1,206,262	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$4,739,947	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$1,140,048	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$197,750	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$1,238,226	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$1,244,384	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,619,121	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$1,933,264	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$1,606,937	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$87,095	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$84,190	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$336,005	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$2,917,883	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
DIVIDEND AND INTEREST E	$7,702,713
PROVISION FOR LOAN LOSS	$5,425,000
OPERATING EXPENSES	$3,455,934
LOAN SERVICING EXPENSE	$1,689,393

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$733,188	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$51,943,429	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$4,277,270	BOYAmt
EOY	$4,643,396	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$66,662,051	BOYAmt
EOY	$112,616,720	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$1,165,982,116	BOYAmt
EOY	$1,145,562,189	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$1,027,241	BOYAmt
EOY	$1,017,723	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$44,430,968	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$11,287,531	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$31,630,033	BOYAmt
EOY	$33,143,437	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$221,950,071	BOYAmt
EOY	$199,900,816	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$13,622,200	BOYAmt
EOY	$13,024,400	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$38,842,732	BOYAmt
EOY	$46,858,774	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,543,993,714	BOYAmt
EOY	$1,556,767,455	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$6,448,889	BOYAmt
EOY	$7,576,152	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$1,533,592	BOYAmt
EOY	$1,703,414	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$1,368,478,089	BOYAmt
EOY	$1,363,941,029	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$1,376,460,570	BOYAmt
EOY	$1,373,220,595	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow SFAS117	Yes (X)	OrgDoesNotFollowSFAS117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$167,533,144	BOYAmt
EOY	$183,546,860	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$167,533,144	BOYAmt
EOY	$183,546,860	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$1,543,993,714	BOYAmt
EOY	$1,556,767,455	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$16,730,318	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$716,602	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Agent Trustee Etc	0	AgentTrusteeEtcInd
Incl Escrow Custodial Acct Liab	Yes (1)	InclEscrowCustodialAcctLiabInd
Explanation Provided	Yes (X)	ExplanationProvidedInd

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$9,425,560	OtherCostOrOtherBasisAmt
Book Value	$9,425,560	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$21,464,514	OtherCostOrOtherBasisAmt
Depreciation	$3,735,393	DepreciationAmt
Book Value	$17,729,121	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$13,540,894	OtherCostOrOtherBasisAmt
Depreciation	$7,552,138	DepreciationAmt
Book Value	$5,988,756	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$33,143,437	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	MEMBERS SHARES	Desc
Amt	$1,363,941,029	Amt

Field	Value	IRS element (for citing)
Total Liability	$1,363,941,029	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

PART IV, LINE 2B:

WE HOLD (PROPERTY TAX AND HAZARD INSURANCE) ESCROW FOR SOME MEMBERS WITH FIRST MORTGAGE LOANS, TOTALING $1,692,296 AS OF DECEMBER 31, 2015

PART X, LINE 2:

MSGCU IS EXEMPT, BY STATUTE, FROM FEDERAL AND STATE INCOME TAXES. MSGCU IS SUBJECT TO UNRELATED BUSINESS INCOME TAX. MSGCU'S WHOLLY OWNED SUBSIDIARIES, SOC REAL ESTATE AND 20595 LIVONIA LLC, HOWEVER, ARE SUBJECT TO FEDERAL AND STATE INCOME TAXES. 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.

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd
Total501c3 Org	2	Total501c3OrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

Field	Value	IRS element (for citing)
Grant Type	COLLEGE SCHOLARSHIPS	GrantTypeTxt
Recipient	27	RecipientCnt
Cash Grant	$67,500	CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 2:	FormAndLineReferenceDesc
Explanation	AN APPLICATION IS REQUIRED FROM THE TEACHER APPLYING FOR THE GRANT. GRANTS ARE PAYABLE DIRECTLY TO THE SCHOOL AND TEACHERS FILE PAPERWORK WITH THEIR SCHOOL FOR REIMBURSEMENT OF CLASSROOM EXPENSES. WE HAVE A COMMITTEE THAT REVIEWS APPLICATIONS AND AWARDS SCHOLARSHIPS TO SELECTED INDIVIDUALS.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Travel For Companions	Yes (X)	TravelForCompanionsInd
Club Dues Or Fees	Yes (X)	ClubDuesOrFeesInd
Written Policy Ref T And E Expnss	Yes (1)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (1)	SubstantiationRequiredInd
Compensation Committee	Yes (X)	CompensationCommitteeInd
Independent Consultant	Yes (X)	IndependentConsultantInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	Yes (1)	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
PETER GATES
CEO	$561,155	$0	$46,091	$0	$11,775	$0	$28,027	$0	$18,505	$0	$665,553	$0	$0	$0
ROBERT BREWER
CFO	$240,006	$0	$27,472	$0	$4,294	$0	$24,327	$0	$16,763	$0	$312,862	$0	$0	$0
SCOTT TOWNSEND
CIO	$199,033	$0	$22,364	$0	$3,961	$0	$15,230	$0	$16,529	$0	$257,117	$0	$0	$0
MICHAEL ZALEWSKI
VP HR	$157,740	$0	$17,653	$0	$2,623	$0	$16,571	$0	$16,217	$0	$210,804	$0	$0	$0
LORIE DIETZ
VP MARKETING & BUSINESS DEVELOPMENT	$150,173	$0	$16,741	$0	$680	$0	$17,193	$0	$16,193	$0	$200,980	$0	$0	$0
DEBORAH FAHRNEY
VP RETAIL SERVICES	$151,141	$0	$15,956	$0	$3,134	$0	$16,838	$0	$16,097	$0	$203,166	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART I, LINE 1A	BOARD MEMBERS ARE REIMBURSED FOR CREDIT UNION RELATED TRAVEL AS WELL AS COMPANION TRAVEL EXPENSES. THE AMOUNTS REIMBURSED FOR COMPANIONS ARE INCLUDED IN TAXABLE COMPENSATION. WE ALSO HAVE A WELLNESS INCENTIVE WHICH ALL EMPLOYEES ARE ELIGIBLE FOR AND IS TAXABLE.
PART I, LINE 4B	THE CEO PARTICIPATES IN A 457(F) PLAN. HE RECEIVED NO PAYMENTS IN 2015.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
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 MEMBERS 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 APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, 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 11	THE CEO, CFO, AND ACCOUNTING MANAGER REVIEW THE COMPLETED 990 FORM PRIOR TO FILING.
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 (MOST RECENTLY DECEMBER 2015), CEO COMPENSATION IS RECOMMENDED BY THE PERSONNEL 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 AVAILABLE TO THE PUBLIC UPON REQUEST. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC.
FORM 990, PART XII, LINE 2C:	THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBLITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

Field	Value	IRS element (for citing)
Business Name Line1	20595 LIVONIA LLC	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	28366 FRANKLIN	AddressLine1Txt
City	SOUTHFIELD	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	48034	ZIPCd

Field	Value	IRS element (for citing)
EIN	455324142	EIN
Primary Activities	HOLDING COMPANY FOR LAND	PrimaryActivitiesTxt
Legal Domicile State	MI	LegalDomicileStateCd
Total Income	$0	TotalIncomeAmt
End Of Year Assets	$670,731	EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	MICHIGAN SCHOOLS AND GOVERNMENT CREDIT UNION	BusinessNameLine1Txt

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

Field	Value	IRS element (for citing)
Business Name Line1	SOC REAL ESTATE INC	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	40400 GARFIELD RD	AddressLine1Txt
City	CLINTON TOWNSHIP	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	48038	ZIPCd

Field	Value	IRS element (for citing)
EIN	382658390	EIN
Primary Activities	REAL ESTATE	PrimaryActivitiesTxt
Legal Domicile State	MI	LegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	MICHIGAN SCHOOLS AND GOVERNMENT CREDIT UNION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Entity Type	C	EntityTypeTxt
Share Of Total Income	-$239,728	ShareOfTotalIncomeAmt
Share Of EOY Assets	$3,354,147	ShareOfEOYAssetsAmt
Ownership	1.00000	OwnershipPct
Controlled Organization	Yes (1)	ControlledOrganizationInd

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	0	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	0	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	0	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	0	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	0	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	0	DivRelatedOrganizationInd
Asset Sale To Other Org	0	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	0	AssetPurchaseFromOtherOrgInd
Asset Exchange	0	AssetExchangeInd
Rental Of Facilities To Oth Org	0	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	Yes (1)	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	Yes (1)	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	0	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	0	SharingOfFacilitiesInd
Paid Employees Sharing	0	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	0	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	0	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	0	TransferToOtherOrgInd
Transfer From Other Org	0	TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (3 entries)

Transaction TypeTransactionTypeTxt	InvolvedInvolvedAmt	Method Of Amount DeterminationMethodOfAmountDeterminationTxt
SOC REAL ESTATE INC
K	$595,540	MARKET LEASE RATES PER SQ FOOT
SOC REAL ESTATE INC
K	$8,648	ACTUAL COST
SOC REAL ESTATE INC
L	$120,000	ALLOCATION