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Awakon Federal Credit Union


Overview / Commentary
awakonfcu.net
989-733-8557
20855 Washington Ave
Onaway, MI 49765

Awakon Federal Credit Union is headquartered in Onaway and is the 95th largest credit union in the state of Michigan. It is also the 1,532nd largest credit union in the nation. It was established in 1951 and as of December of 2019, it had grown to 42 employees and 13,024 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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Health
A

Data as of Q4 2019

Learn why bank health matters

Health Grade Components

Overall
NCUA #7465
Year Chartered1951
Employees42
Primary Regulator
Profit Margin
Return on Assets - YTD0.97%
Return on Equity - YTD8.67%
Annual Interest Income$5.1MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$113.5MM$106.0MM
LoansQ4 2019vs Q4 2018$72.9MM$70.5MM
DepositsQ4 2019vs Q4 2018$99.2MM$93.0MM
Equity CapitalQ4 2019vs Q4 2018$12.8MM$11.6MM
Loan Loss AllowanceQ4 2019vs Q4 2018$529.00K$444.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$958.00K$1.7MM
Real Estate OwnedQ4 2019vs Q4 2018$28.00K$196.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Awakon Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.51%$5-IRA Shares
0.18%*$25k*-Business Share Savings
OTHER TIERS: 0.05% → $5 - $5k | 0.09% → $5k - $10k | 0.13% → $10k - $25k
0.18%*$25k*-Share Savings
OTHER TIERS: 0.05% → $5 - $5k | 0.09% → $5k - $10k | 0.13% → $10k - $25k
0.18%*$25k*-Trust Share Savings
OTHER TIERS: 0.05% → $5 - $5k | 0.09% → $5k - $10k | 0.13% → $10k - $25k
0.18%*$25k*-Christmas Club
OTHER TIERS: 0.05% → Up to $5k | 0.09% → $5k - $10k | 0.13% → $10k - $25k
0.18%*$25k*-Vacation Club
OTHER TIERS: 0.05% → Up to $5k | 0.09% → $5k - $10k | 0.13% → $10k - $25k
0.18%*$25k*-Sub Shares
OTHER TIERS: 0.05% → Up to $5k | 0.09% → $5k - $10k | 0.13% → $10k - $25k

Awakon Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$50k*-Money Market
OTHER TIERS: 0.10% → $2.5k - $10k | 0.15% → $10k - $25k | 0.20% → $25k - $50k

Awakon Federal Credit Union CD Rates

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


Awakon Federal Credit Union Locations
Branch Office20855 Washington AveOnaway, MI 49765
Branch Office6272 M-68 HwyIndian River, MI 49749
Branch Office279 S Bradley HwyRogers City, MI 49779-2137
Branch Office12842 S Straits HwyWolverine, MI 49799-9500
Branch Office6272 M 68 HwyIndian River, MI 49749
Branch Office1496 W Main StGaylord, MI 49735-7461

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.