Featured Savings Rates
Featured Accounts

Awakon Federal Credit Union

Popular Accounts at this Credit Union

0.30%1-year CD12 Month CD
0.18%SavingsSub Share Account
0.65%3-year CD36 Month CD

Overview / Commentary
20855 Washington Ave
Onaway, MI 49765

Awakon Federal Credit Union is headquartered in Onaway and is the 103rd largest credit union in the state of Michigan. It is also the 1,599th largest credit union in the nation. It was established in 1951 and as of December of 2016, it had grown to 38 employees and 12,185 members at 6 locations. Awakon Federal Credit Union has an A health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship, attend school in, or own a business located in Presque Isle, Cheboygan, Montmorency, Otsego, Alpena, Emmet, Charlevoix, and Antrim Counties of Michigan.
See current membership details


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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Awakon Federal Credit Union has a relatively low asset base.

Health Grade Components

NCUA #7465
Year Chartered1951
Primary Regulator
Profit Margin
Return on Assets - YTD0.49%
Return on Equity - YTD4.96%
Annual Interest Income$3.7MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$99.0MM$95.2MM
LoansQ4 2016vs Q4 2015$63.3MM$54.6MM
DepositsQ4 2016vs Q4 2015$88.2MM$85.1MM
Equity CapitalQ4 2016vs Q4 2015$9.7MM$9.2MM
Loan Loss AllowanceQ4 2016vs Q4 2015$308.00K$216.00K
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$713.00K$750.00K
Real Estate OwnedQ4 2016vs Q4 2015$110.00K$576.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Awakon Federal Credit Union Savings Account Rates

1.51%--IRA Share Account
1.51%--Roth IRA Share Account
1.51%--CESA Share Account
0.18%*$25k*-Business Share Savings
OTHER TIERS: 0.05% Up to $5k | 0.09% $5k - $10k | 0.13% $10k - $25k
0.18%*$25k*-Share Savings
OTHER TIERS: 0.05% Up to $5k | 0.09% $5k - $10k | 0.13% $10k - $25k
0.18%*$25k*-Trust Share Savings
OTHER TIERS: 0.05% Up to $5k | 0.09% $5k - $10k | 0.13% $10k - $25k
0.18%*$25k*-Christmas Club Account
OTHER TIERS: 0.05% Up to $5k | 0.09% $5k - $10k | 0.13% $10k - $25k
0.18%*$25k*-Vacation Club Account
OTHER TIERS: 0.05% Up to $5k | 0.09% $5k - $10k | 0.13% $10k - $25k
0.18%*$25k*-Sub Share Account
OTHER TIERS: 0.05% Up to $5k | 0.09% $5k - $10k | 0.13% $10k - $25k

Awakon Federal Credit Union Money Market Rates

0.30%*$50k*-Money Market Account
OTHER TIERS: 0.10% $2,500 - $10k | 0.15% $10k - $25k | 0.20% $25k - $50k

Awakon Federal Credit Union CD Rates

0.65%$1k-36 Month CD
0.50%$1k-24 Month CD
0.30%$1k-12 Month CD
0.20%$1k-6 Month CD
0.10%$1k-3 Month CD

Awakon Federal Credit Union IRA Rates

0.65%$1k-36 Month IRA
0.50%$1k-24 Month IRA
0.30%$1k-12 Month IRA
0.20%$1k-6 Month IRA
0.10%$1k-3 Month IRA

Awakon Federal Credit Union Locations
Branch Office20855 Washington AveOnaway, MI 49765
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