Credit Union Safety Analysis
Is Michigan Schools and Government Credit Union Safe? Clinton Township, Michigan
Based on its Q2 2026 NCUA 5300 call report, Michigan Schools and Government Credit Union has a net worth ratio of 12.63%, at the NCUA level for well capitalized, its 60-day delinquency ratio is 0.61%, and its shares are NCUA insured up to $250,000 per member.
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Short answer
On its Q2 2026 NCUA 5300 call report, Michigan Schools and Government Credit Union's net worth ratio is 12.63%, above the 7% NCUA threshold for well capitalized.
- Net worth ratio (Q2 2026): 12.63%
- Delinquency ratio (60+ days) (Q2 2026): 0.61%
- Return on assets (Q2 2026): 2.20%
- Loan-to-share ratio (Q2 2026): 103.02%
Michigan Schools and Government Credit Union (NCUA charter 62049, established 1954) reported $4.41B in assets and 163,462 members for Q2 2026 from Clinton Township, Michigan. It ranks 6 of 169 credit unions in Michigan by total assets. Total assets grew 7.7% from $4.10B on June 30, 2025. It has 4,869 more members than on June 30, 2025 (+3.1%). Its net worth ratio was up 0.50 percentage points from 12.13% on June 30, 2025. 1- to 4-family residential and other consumer real estate loans are its largest loan category, $2.00B of $3.80B in total loans on its June 30, 2026 filing. Its 60-day delinquency ratio of 0.61% is below the 0.68% median of the 454 credit unions with $1B to $10B in assets for Q2 2026.
Data as of · sourced from NCUA 5300 call reports. How we update
Scorecard by dimension
Median of the 454 credit unions with $1B to $10B in assets: 10.89%; middle half of peers: 9.81% to 12.63%.
Earlier filings: 12.20% for Q1 2026; 12.13% for Q2 2025.
Median of the 454 credit unions with $1B to $10B in assets: 0.68%; middle half of peers: 0.45% to 1.05%.
Earlier filings: 0.38% for Q1 2026; 0.58% for Q2 2025.
Median of the 454 credit unions with $1B to $10B in assets: 0.89%; middle half of peers: 0.59% to 1.25%.
Earlier filings: 0.74% for Q1 2026; 1.52% for Q2 2025.
Median of the 454 credit unions with $1B to $10B in assets: 88.03%; middle half of peers: 78.23% to 95.19%.
Earlier filings: 100.98% for Q1 2026; 102.46% for Q2 2025.
Loans by type, Q2 2026
- 1- to 4-family residential and other consumer real estate loans: $2.00B
- Used vehicle loans: $734.2M
- Commercial loans: $441.8M
- Other secured non-real estate loans and lines of credit: $292.6M
- New vehicle loans: $151.0M
- Unsecured credit card loans: $110.8M
- Other unsecured loans and lines of credit: $73.2M
- Non-federally guaranteed student loans: $432K
Scored ratios by quarter
| Quarter | Total assets | Net worth ratio | Delinquency | ROA | Loan-to-share |
|---|---|---|---|---|---|
| June 30, 2026 | $4.41B | 12.63% | 0.61% | 2.20% | 103.02% |
| March 31, 2026 | $4.37B | 12.20% | 0.38% | 0.74% | 100.98% |
| December 31, 2025 | $4.28B | 12.25% | 0.64% | 1.01% | 103.91% |
| September 30, 2025 | $4.17B | 12.33% | 0.55% | 1.60% | 105.18% |
| June 30, 2025 | $4.10B | 12.13% | 0.58% | 1.52% | 102.46% |
| March 31, 2025 | $3.97B | 11.81% | 0.42% | 0.40% | 102.06% |
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How we score this
Net worth ratio: NCUA well capitalized at 7%, adequately at 6%. Our bands, pass to fail: delinquency 1% to 2%, ROA 0.5% to 0%, loan-to-share 85% to 100%. Not a credit rating. Methodology.
Michigan Schools and Government Credit Union profile
Regulator records: NCUA credit union profile (charter 62049) · FFIEC NIC profile (RSSD 763695)
Frequently asked questions
Is Michigan Schools and Government Credit Union well capitalized?
On its Q2 2026 NCUA 5300 call report, Michigan Schools and Government Credit Union's net worth ratio is 12.63%, above the 7% NCUA threshold for well capitalized.
Is Michigan Schools and Government Credit Union FDIC insured?
No. The FDIC insures banks, not credit unions. Michigan Schools and Government Credit Union is a federally insured credit union (NCUA charter 62049): its share insurance fund, run by the NCUA, covers $250,000 per member per ownership category.
What are Michigan Schools and Government Credit Union's key safety ratios?
For Q2 2026, Michigan Schools and Government Credit Union reports net worth 12.63%, delinquency 0.61%, ROA 2.20%, loan-to-share 103.02%.
What happens to my money if Michigan Schools and Government Credit Union fails?
For Q2 2026, Michigan Schools and Government Credit Union held $3.69B in shares and deposits for 163,462 members. If it failed, the NCUA would pay its insured shares up to $250,000 per member.