Allegan Community Federal Credit Union

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

Allegan Community Federal Credit Union is headquartered in Allegan and is the 147th largest credit union in the state of Michigan. It is also the 2,427th largest credit union in the nation. It was established in 1945 and as of June of 2019, it had grown to 25 employees and 8,171 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.
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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

NCUA #5185
Year Chartered1945
Primary Regulator
Profit Margin
Return on Assets - YTD0.44%
Return on Equity - YTD4.61%
Annual Interest Income$1.1MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$45.5MM$42.3MM
LoansQ2 2019vs Q2 2018$30.6MM$26.0MM
DepositsQ2 2019vs Q2 2018$40.0MM$36.7MM
Equity CapitalQ2 2019vs Q2 2018$4.3MM$4.1MM
Loan Loss AllowanceQ2 2019vs Q2 2018$214.00K$124.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$289.00K$467.00K
Real Estate OwnedQ2 2019vs Q2 2018$13.00K$16.00K
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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

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

1.00%*$50k*-Money Market Account
OTHER TIERS: 0.80% $2.5k - $25k | 0.90% $25k - $50k

Allegan Community Federal Credit Union CD Rates

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

Allegan Community Federal Credit Union IRA Rates

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

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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