CLINTON TOWNSHIP, MI – October 25, 2022 – Michigan Schools and Government Credit Union is pleased to announce current Chief Financial Officer, Steve Brewer, has been appointed as President and CEO of the Credit Union, beginning November 1, 2022.
Following a nationwide search, Steve was selected by MSGCU’s Board of Directors to lead the Credit Union and its 400 dedicated team members. He will succeed longtime President and CEO Pete Gates.
MSGCU has experienced significant growth and advancement during Pete’s 24-year tenure. The Credit Union has grown from assets of $275 million to $3.2 billion, expanded to 17 branch offices to conveniently serve members, and quadrupled in number of members, while maintaining high member satisfaction.
“We thank Pete for his years of service and contributions,” stated Board of Directors Chair, William Cayen. “This growth has resulted in a positive impact for our members, including market-leading rates, industry-leading low fees, and giving back to our communities.
“Looking forward, it was a priority for our Board of Directors to select a successor who will continue MSGCU’s dedication to our mission of promoting financial success for our members. Steve embraces our strong culture and exceptional service to members. We look forward to seeing Steve continue MSGCU’s tradition of providing value to our members and supporting the communities we serve.”
Steve has served credit unions for over 30 years, and for the last 20 years as Chief Financial Officer of MSGCU. Steve has played an instrumental role in MSGCU’s growth and success. He has provided leadership and oversight for multiple key areas within the Credit Union.
“Serving at MSGCU for the past two decades has been an honor,” states Steve Brewer. “We are most successful in living our mission when we work together as a team. We are unified in our focus on our members, the communities we serve, and supporting an inclusive and respectful culture at MSGCU. I look forward to the challenge of the new responsibilities as CEO.”
Brewer, a Texas native, holds a Bachelor of Business Administration in both Finance and Real Estate from the University of Texas, a Master of Business Administration from Texas A&M University – Corpus Christi, and is a Certified Public Accountant in the State of Texas. Steve and his wife enjoy spending time with their five children.
About Michigan Schools and Government Credit Union
Founded by a small group of educators, MSGCU has been providing
quality financial services to the community for more than 67 years and welcomes
everyone in Michigan to bank with them. MSGCU offers a full range of loan,
deposit, checking, credit card, mortgage, and insurance products for those that
live in Michigan. With 17 branch offices in Macomb, Oakland and Wayne Counties,
MSGCU has more than 140,000 members, $3.2 billion in assets, and has earned a
95% member satisfaction rating for two decades. 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 nine consecutive
years. MSGCU is insured by NCUA and an equal housing lender. Visit msgcu.org
for more information.
