Auto-Owners Associates Credit Union is headquartered in Lansing and is the 154th largest credit union in the state of Michigan. It is also the 2,597th largest credit union in the nation. It was established in 1948 and as of December of 2021, it had grown to 5 employees and 2,893 members at 1 location. Auto-Owners Associates Credit Union has a B+ health rating.
Only Auto-Owners Employees Are Eligible
I contacted this credit union to ask whether current Auto-Owners policy holders were eligible to join the credit union. I was informed that only Auto-Owners employees can join. I do hope the credit union will consider inviting policy holders to join at some point--perhaps beginning with those who live in the company's home state of Michigan. A credit union offers limited value to the community when its membership is so restrictive. It should be removed from the Deposit Accounts website, since readers are not eligible to join. I have given four stars for customer service, as I did receive a reply to my query within one business day.
Data as of Q4 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62543 |
| Year Chartered | 1948 |
| Employees | 5 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.55% |
| Return on Equity - YTD | 4.44% |
| Annual Interest Income | $743.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2021vs Q4 2020 | $45.9MM$40.8MM |
| Loans | Q4 2021vs Q4 2020 | $7.8MM$7.8MM |
| Deposits | Q4 2021vs Q4 2020 | $40.2MM$35.3MM |
| Equity Capital | Q4 2021vs Q4 2020 | $5.5MM$5.3MM |
| Loan Loss Allowance | Q4 2021vs Q4 2020 | $20.00K$12.00K |
| Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $0$12.00K |
| Real Estate Owned | Q4 2021vs Q4 2020 | $0$0 |