Awakon Federal Credit Union

Overview / Commentary

989-733-8557

20855 Washington Ave
Onaway, MI 49765

Awakon Federal Credit Union is headquartered in Onaway and is the 95^th largest credit union in the state of Michigan. It is also the 1,521^st largest credit union in the nation. It was established in 1951 and as of September of 2019, it had grown to 42 employees and 12,941 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.
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Health

Data as of Q3 2019

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Health Grade Components

Overall
NCUA #	7465
Year Chartered	1951
Employees	42
Primary Regulator

Profit Margin
Return on Assets - YTD	1.12%
Return on Equity - YTD	10.01%
Annual Interest Income	$3.8MM

Assets and Liabilities
Assets	Q3 2019vs Q3 2018	$114.1MM$107.3MM
Loans	Q3 2019vs Q3 2018	$73.7MM$70.6MM
Deposits	Q3 2019vs Q3 2018	$99.5MM$94.4MM
Equity Capital	Q3 2019vs Q3 2018	$12.6MM$11.3MM
Loan Loss Allowance	Q3 2019vs Q3 2018	$460.00K$453.00K
Unbacked Noncurrent Loans	Q3 2019vs Q3 2018	$1.4MM$1.5MM
Real Estate Owned	Q3 2019vs Q3 2018	$28.00K$90.00K

Rates

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Savings
Money Market
CD

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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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME	VIEW 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

APY	MIN	MAX	ACCOUNT NAME
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

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	6272 M 68 Hwy	Indian River, MI 49749
Branch Office	1496 W Main St	Gaylord, MI 49735-7461

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