Allegan Community Federal Credit Union


Overview / Commentary
269-673-5465
755 Grand St
Allegan, MI 49010

Allegan Community Federal Credit Union is headquartered in Allegan and is the 140th largest credit union in the state of Michigan. It is also the 2,332nd largest credit union in the nation. It was established in 1945 and as of December of 2019, it had grown to 25 employees and 8,345 members at 3 locations. Allegan Community Federal Credit Union's money market rates are 36% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Allegan Credit Union is open to anyone who lives, works, worships, or goes to school in Barry, Allegan, Berrien, Branch, Cass, Calhoun, St. Joseph, Kalamazoo or Van Buren counties. Immediate family and household members as well as employees of the credit union are also eligible for membership.
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Health
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Allegan Community Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #5185
Year Chartered1945
Employees25
Primary Regulator
Profit Margin
Return on Assets - YTD0.62%
Return on Equity - YTD6.49%
Annual Interest Income$2.3MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$49.4MM$44.6MM
LoansQ4 2019vs Q4 2018$31.8MM$30.2MM
DepositsQ4 2019vs Q4 2018$43.9MM$39.3MM
Equity CapitalQ4 2019vs Q4 2018$4.6MM$4.2MM
Loan Loss AllowanceQ4 2019vs Q4 2018$250.00K$183.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$414.00K$394.00K
Real Estate OwnedQ4 2019vs Q4 2018$11.00K$14.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Allegan Community Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Allegan Community Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%$3k-Diamond Account
0.20%--IRA Share Account
0.10%$100-Regular Shares
0.10%$100-Vacation Account
0.10%$100-Christmas Club

Allegan Community Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$50k*-Money Market Account
OTHER TIERS: 0.40% $2.5k - $25k | 0.50% $25k - $50k

Allegan Community Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%-$5kAmplify Checking

Allegan Community Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%$500-60 Month Share Certificate
1.00%$500-48 Month Share Certificate
0.90%$500-36 Month Share Certificate
0.85%$500-30 Month Share Certificate
0.80%$500-24 Month Share Certificate
0.75%$500-18 Month Share Certificate
0.70%$500-12 Month Share Certificate
0.60%$500-6 Month Share Certificate

Allegan Community Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%$500-60 Month IRA Certificate
1.00%$500-48 Month IRA Certificate
0.90%$500-36 Month IRA Certificate
0.85%$500-30 Month IRA Certificate
0.80%$500-24 Month IRA Certificate
0.75%$500-18 Month IRA Certificate
0.70%$500-12 Month IRA Certificate
0.60%$500-6 Month IRA Certificate
Locations


Allegan Community Federal Credit Union Locations
Branch Office755 Grand StAllegan, MI 49010-8027
Branch Office202 N State StGobles, MI 49055-9715
Branch Office432 W Main StFennville, MI 49408-9215

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