Auto-Owners Associates Credit Union is headquartered in Lansing and is the 146th largest credit union in the state of Michigan. It is also the 2,561st largest credit union in the nation. It was established in 1948 and as of December of 2023, it had grown to 5 employees and 2,740 members at 1 location. Auto-Owners Associates Credit Union's CD rates are 4X 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 Q4 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62543 |
| Year Chartered | 1948 |
| Employees | 5 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.8% |
| Return on Equity - YTD | 5.59% |
| Annual Interest Income | $1.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2023vs Q4 2022 | $44.1MM$45.5MM |
| Loans | Q4 2023vs Q4 2022 | $8.2MM$8.3MM |
| Deposits | Q4 2023vs Q4 2022 | $37.7MM$39.3MM |
| Equity Capital | Q4 2023vs Q4 2022 | $6.2MM$5.9MM |
| Loan Loss Allowance | Q4 2023vs Q4 2022 | $14K$16K |
| Unbacked Noncurrent Loans | Q4 2023vs Q4 2022 | $0$0 |
| Real Estate Owned | Q4 2023vs Q4 2022 | $0$0 |