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Allegan Community Federal Credit Union


Overview / Commentary
888-656-2650
755 Grand St
Allegan, MI 49010-8027

Allegan Community Federal Credit Union is headquartered in Allegan and is the 148th largest credit union in the state of Michigan. It is also the 2,444th largest credit union in the nation. It was established in 1945 and as of March of 2019, it had grown to 23 employees and 7,952 members at 3 locations. Allegan Community Federal Credit Union's money market rates are 2X 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.
See current membership details

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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
Employees23
Primary Regulator
Profit Margin
Return on Assets - YTD0.94%
Return on Equity - YTD9.82%
Annual Interest Income$533.00K
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$45.2MM$42.1MM
LoansQ1 2019vs Q1 2018$31.5MM$23.7MM
DepositsQ1 2019vs Q1 2018$39.7MM$37.2MM
Equity CapitalQ1 2019vs Q1 2018$4.3MM$4.1MM
Loan Loss AllowanceQ1 2019vs Q1 2018$178.00K$111.00K
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$285.00K$81.00K
Real Estate OwnedQ1 2019vs Q1 2018$13.00K$17.00K
Rates
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* 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%--IRA Share Account
0.14%$3k-Diamond 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
1.00%*$50k*-Money Market Account
OTHER TIERS: 0.80% $2.5k - $25k | 0.90% $25k - $50k

Allegan Community Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%$500-60 Month Share Certificate
1.61%$500-48 Month Share Certificate
1.31%$500-36 Month Share Certificate
1.10%$500-30 Month Share Certificate
1.00%$500-24 Month Share Certificate
0.80%$500-18 Month Share Certificate
0.70%$500-12 Month Share Certificate
0.50%$500-6 Month Share 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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