Alpena Alcona Area Credit Union

Overview / Commentary
1100 S Bagley St
Alpena, MI 49707

Alpena Alcona Area Credit Union is headquartered in Alpena and is the 43rd largest credit union in the state of Michigan. It is also the 706th largest credit union in the nation. It was established in 1953 and as of December of 2020, it had grown to 76 employees and 30,767 members at 10 locations. Alpena Alcona Area Credit Union has an A+ health rating.

Field of Membership Restrictions

Membership in Alpena Alcona Area Credit Union is open to anyone who lives, works, attends school or worships in the state of Michigan.
See current membership details

Reviews (2)

My Bank

I absolutely love my bank and everyone who works there. They are so friendly and remember your face. Whenever I go into the bank they know me by my first name. I love how personal they make my banking experience. I have been able to get two loans from my bank. One for personal use and the other for a home repair. Each time my experience has been amazing. I was shown all options before they recommended me to a personal loan. I did not want to do a personal loan but at the time to get my credit back on track it was the best option. Also I am very happy that my bank is only two minutes from me. There are i believe four other banks that are relatively close but I will not change my bank. I am happy with everything about my bank. They are understanding to their customers needs and I will stay right with my bank.

Great Bank

This bank is amazing! Always very friendly associates and never a long wait time on the phone. They know me by name and my parents. This is a small town bank and I love the vibe. I have never had an issue that has went unresolved. They are a caring bank with many friendly faces. They always greet you with a friendly smile. Always are willing to sit down and help you. I have a checking a savings and a loan through them. When we needed financial help they were there to guide us. The loan dept is stellar. I love this bank and all the ladies that work here. Never have to wait much time inside. The wait for the outside can get a little ridiculous but I think that is due to wanting to give a personal experience every time through the drive thru.


Health Grade Components

NCUA #62035
Year Chartered1953
Primary Regulator
Profit Margin
Return on Assets - YTD1.68%
Return on Equity - YTD13.98%
Annual Interest Income$14.1MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$451.0MM$371.3MM
LoansQ4 2020vs Q4 2019$259.0MM$234.4MM
DepositsQ4 2020vs Q4 2019$394.6MM$322.0MM
Equity CapitalQ4 2020vs Q4 2019$52.9MM$45.5MM
Loan Loss AllowanceQ4 2020vs Q4 2019$1.5MM$1.5MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$1.1MM$1.4MM
Real Estate OwnedQ4 2020vs Q4 2019$58.00K$33.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Alpena Alcona Area Credit Union Savings Account Rates

1.51%--Traditional IRA
1.51%--Roth IRA
1.51%--Educational IRA
1.51%--Health Savings Account
0.20%--Preferred Share
0.15%$5-Regular Share
0.15%--Vacation Club
0.15%--Christmas Club

Alpena Alcona Area Credit Union Money Market Rates

0.30%*$100k*-Money Market
OTHER TIERS: 0.25% $2k - $100k

Alpena Alcona Area Credit Union CD Rates

0.65%$500-5 Year CD
0.65%$100-5 Year Youth CD
0.55%$500-4 Year CD
0.55%$100-4 Year Youth CD
0.50%$25-12 Month Save to Win CD
0.45%$500-3 Year CD
0.45%$100-3 Year Youth CD
0.35%$500-2 Year CD
0.35%$100-2 Year Youth CD
0.30%$500-18 Month CD
0.30%$100-18 Month Youth CD
0.25%$500-12 Month CD
0.25%$100-12 Month Youth CD
0.15%$500-180 Day CD
0.15%$100-180 Day Youth CD
0.10%$500-90 Day CD
0.10%$100-90 Day Youth CD

Cities: Alpena, Atlanta, Lincoln, Oscoda, Ossineke, Tawas City

Alpena Branches
Branch Office1013 US Highway 23 NAlpena, MI 49707-1249
Branch Office1100 S Bagley StAlpena, MI 49707-8104
Branch Office3303 S 3rd AveAlpena, MI 49707

Atlanta Branches
Branch Office12285 Jerome StAtlanta, MI 49709-9369

Lincoln Branches
Branch Office111 S Church StLincoln, MI 48742
Branch Office51 N Barlow RoadLincoln, MI 48742

Oscoda Branches
Branch Office103 S State StOscoda, MI 48750-1632
Branch Office3550 E River RdOscoda, MI 48750

Ossineke Branches
Branch Office11610 US Highway 23 SOssineke, MI 49766-9586

Tawas City Branches
Branch Office118 W M 55Tawas City, MI 48763-9251

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