Auto-Owners Associates Credit Union is headquartered in Lansing and is the 152nd largest credit union in the state of Michigan. It is also the 2,611th largest credit union in the nation. It was established in 1948 and as of September of 2022, it had grown to 5 employees and 2,833 members at 1 location. Auto-Owners Associates Credit Union's CD rates are 3X the national average, and it 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 Q3 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62543 |
| Year Chartered | 1948 |
| Employees | 5 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.65% |
| Return on Equity - YTD | 5.14% |
| Annual Interest Income | $579.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $45.0MM$44.0MM |
| Loans | Q3 2022vs Q3 2021 | $8.4MM$8.3MM |
| Deposits | Q3 2022vs Q3 2021 | $39.0MM$38.4MM |
| Equity Capital | Q3 2022vs Q3 2021 | $5.8MM$5.5MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $22.00K$18.00K |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $0$0 |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$0 |