Auto-Owners Associates Credit Union is headquartered in Lansing and is the 158th largest credit union in the state of Michigan. It is also the 2,664th largest credit union in the nation. It was established in 1948 and as of December of 2020, it had grown to 5 employees and 3,029 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 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62543 |
| Year Chartered | 1948 |
| Employees | 5 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.74% |
| Return on Equity - YTD | 5.55% |
| Annual Interest Income | $818.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $40.8MM$35.3MM |
| Loans | Q4 2020vs Q4 2019 | $7.8MM$8.9MM |
| Deposits | Q4 2020vs Q4 2019 | $35.3MM$30.1MM |
| Equity Capital | Q4 2020vs Q4 2019 | $5.3MM$5.0MM |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $12.00K$8.00K |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $12.00K$2.00K |
| Real Estate Owned | Q4 2020vs Q4 2019 | $0$0 |