Awakon Federal Credit Union

Overview / Commentary
20855 Washington Ave
Onaway, MI 49765

Awakon Federal Credit Union is headquartered in Onaway and is the 86th largest credit union in the state of Michigan. It is also the 1,335th largest credit union in the nation. It was established in 1951 and as of June of 2022, it had grown to 47 employees and 13,927 members at 5 locations. Awakon Federal Credit Union's money market rates are 14% higher than the national average, and it 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.
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Health Grade Components

NCUA #7465
Year Chartered1951
Primary Regulator
Profit Margin
Return on Assets - YTD0.94%
Return on Equity - YTD10.85%
Annual Interest Income$3.0MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$179.7MM$165.7MM
LoansQ2 2022vs Q2 2021$107.2MM$80.2MM
DepositsQ2 2022vs Q2 2021$161.5MM$147.8MM
Equity CapitalQ2 2022vs Q2 2021$15.5MM$14.7MM
Loan Loss AllowanceQ2 2022vs Q2 2021$734.00K$839.00K
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$452.00K$202.00K
Real Estate OwnedQ2 2022vs Q2 2021$0$0
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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

1.26%$5-IRA Shares
0.20%*$25k*-Business Share Savings
OTHER TIERS: 0.07% $5 - $5k | 0.10% $5k - $10k | 0.15% $10k - $25k
0.20%*$25k*-Share Savings
OTHER TIERS: 0.07% $5 - $5k | 0.10% $5k - $10k | 0.15% $10k - $25k
0.20%*$25k*-Trust Share Savings
OTHER TIERS: 0.07% $5 - $5k | 0.10% $5k - $10k | 0.15% $10k - $25k
0.20%*$25k*-Christmas Club
OTHER TIERS: 0.07% Up to $5k | 0.10% $5k - $10k | 0.15% $10k - $25k
0.20%*$25k*-Vacation Club
OTHER TIERS: 0.07% Up to $5k | 0.10% $5k - $10k | 0.15% $10k - $25k
0.20%*$25k*-Sub Shares
OTHER TIERS: 0.07% Up to $5k | 0.10% $5k - $10k | 0.15% $10k - $25k

Awakon Federal Credit Union Money Market Rates

0.50%*$50k*-Money Market
OTHER TIERS: 0.10% $2.5k - $10k | 0.20% $10k - $25k | 0.30% $25k - $50k

Awakon Federal Credit Union CD Rates

1.00%$1k-60 Month CD
0.70%$1k-36 Month CD
0.60%$1k-24 Month CD
0.50%$1k-12 Month CD
0.35%$1k-6 Month CD
0.25%$1k-3 Month CD

Awakon Federal Credit Union Locations
Branch Office1496 W Main StGaylord, MI 49735-7461
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

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