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

Allegan Community Federal Credit Union is headquartered in Allegan and is the 152nd largest credit union in the state of Michigan. It is also the 2,516th largest credit union in the nation. It was established in 1945 and as of June of 2018, it had grown to 23 employees and 7,063 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

Membership is open to those who live, worship or work in Allegan County in Michigan.
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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 - YTD0.43%
Return on Equity - YTD4.44%
Annual Interest Income$798.00K
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$42.3MM$35.6MM
LoansQ2 2018vs Q2 2017$26.0MM$18.8MM
DepositsQ2 2018vs Q2 2017$36.7MM$31.0MM
Equity CapitalQ2 2018vs Q2 2017$4.1MM$4.1MM
Loan Loss AllowanceQ2 2018vs Q2 2017$124.00K$63.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$467.00K$205.00K
Real Estate OwnedQ2 2018vs Q2 2017$16.00K$35.00K
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
3.00%$500-36 Month Share Certificate Special
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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