Awakon Federal Credit Union

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

awakonfcu.net

989-733-8557

20855 Washington Ave
Onaway, MI 49765

Awakon Federal Credit Union is headquartered in Onaway and is the 84^th largest credit union in the state of Michigan. It is also the 1,315^th largest credit union in the nation. It was established in 1951 and as of March of 2025, it had grown to 50 employees and 14,665 members at 5 locations. Awakon Federal Credit Union has an A+ health rating.

Field of Membership Restrictions

Awakon Federal Credit Union is open to anyone who owns a business, lives, works, worships or goes to school in the Michigan counties of Alpena, Antrim, Cheboygan, Charlevoix, Emmet, Montmorency, Otsego, or Presque Isle.
See current membership details

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Health

A+

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
NCUA #	7465
Year Chartered	1951
Employees	50
Primary Regulator

Profit Margin
Return on Assets - YTD	1.57%
Return on Equity - YTD	13%
Annual Interest Income	$2.5MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$189MM$184.6MM
Loans	Q1 2025vs Q1 2024	$133.5MM$133.8MM
Deposits	Q1 2025vs Q1 2024	$163.3MM$161MM
Equity Capital	Q1 2025vs Q1 2024	$22.8MM$19.4MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$1.3MM$1.1MM
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$963K$1.4MM
Real Estate Owned	Q1 2025vs Q1 2024	$0$0

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

Rates for Awakon Federal Credit Union are currently being reviewed.

Locations

Awakon Federal Credit Union Locations
Branch Office	20855 Washington Ave	Onaway, MI 49765
Branch Office	6272 M-68 Hwy	Indian River, MI 49749
Branch Office	279 S Bradley Hwy	Rogers City, MI 49779-2137
Branch Office	12842 S Straits Hwy	Wolverine, MI 49799-9500
Branch Office	1496 W Main St	Gaylord, MI 49735-7461

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