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

Awakon Federal Credit Union is headquartered in Onaway and is the 99th largest credit union in the state of Michigan. It is also the 1,554th largest credit union in the nation. It was established in 1951 and as of September of 2017, it had grown to 40 employees and 12,276 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

Health Grade Components

Overall
NCUA #7465
Year Chartered1951
Employees40
Primary Regulator
Profit Margin
Return on Assets - YTD0.85%
Return on Equity - YTD8.6%
Annual Interest Income$3.1MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$105.7MM$97.9MM
LoansQ3 2017vs Q3 2016$68.1MM$61.5MM
DepositsQ3 2017vs Q3 2016$93.6MM$86.6MM
Equity CapitalQ3 2017vs Q3 2016$10.4MM$9.6MM
Loan Loss AllowanceQ3 2017vs Q3 2016$346.00K$293.00K
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$822.00K$632.00K
Real Estate OwnedQ3 2017vs Q3 2016$110.00K$333.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.51%--IRA 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
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