Alpena Alcona Area Credit Union is headquartered in Alpena and is the 42nd largest credit union in the state of Michigan. It is also the 723rd largest credit union in the nation. It was established in 1953 and as of December of 2019, it had grown to 84 employees and 29,514 members at 9 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
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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
| Overall | |
|---|---|
| NCUA # | 62035 |
| Year Chartered | 1953 |
| Employees | 84 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.53% |
| Return on Equity - YTD | 12.34% |
| Annual Interest Income | $13.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $371.3MM$340.7MM |
| Loans | Q4 2019vs Q4 2018 | $234.4MM$202.0MM |
| Deposits | Q4 2019vs Q4 2018 | $322.0MM$298.4MM |
| Equity Capital | Q4 2019vs Q4 2018 | $45.5MM$39.9MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $1.5MM$1.5MM |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $1.4MM$2.0MM |
| Real Estate Owned | Q4 2019vs Q4 2018 | $33.00K$49.00K |