At M G Employees, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We are proud to share insights into our financial strength, which is designed to give you confidence in your choice of banking partner. With a
net worth of $767,260, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our
net worth ratio of $3,543 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through
$0 in share certificates and
$0 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at
$0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. Our commitment to your financial well-being is reflected in our
$767,260 in undivided earnings. This allows us to reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve you better. With
$4 in used auto loans and
$356,894 in total loans and leases, our lending capacity supports your financial goals across various sectors. Despite the challenges faced by many institutions today, our operational efficiency is highlighted by our
$0. This figure enables us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having
1 full-time employees and
0 part-time employees who are always ready to assist you with a knowledgeable and committed approach. Total Share Accounts stand at
222, demonstrating a strong and growing member base that trusts us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, M G Employees is your trusted partner. Visit us at 1905 W 4700 S Taylorsville Ut 84129 or call (800) 998-4357 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at:
https://www.ncua.gov , based on the latest results.