Awakon Federal Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
0.30%	1-year CD	12 Month CD 1.50% - Ally Bank No Penalty 11-Month CD
0.18%	Savings	Sub Share Account 1.15% - CIT Bank Spring Savings
0.65%	3-year CD	36 Month CD 1.60% - Ally Bank High Yield 3 Year CD

View all Awakon Federal Credit Union rates »

Overview / Commentary

www.awakonfcu.net

989-733-8557

20855 Washington Ave
Onaway, MI 49765

Awakon Federal Credit Union is headquartered in Onaway and is the 101^st largest credit union in the state of Michigan. It is also the 1,575^th largest credit union in the nation. It was established in 1951 and as of March of 2017, it had grown to 40 employees and 12,466 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 Q1 2017

Learn why bank health matters

Health Grade Components

Overall
NCUA #	7465
Year Chartered	1951
Employees	40
Primary Regulator

Profit Margin
Return on Assets - YTD	0.7%
Return on Equity - YTD	7.25%
Annual Interest Income	$1.0MM

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$104.5MM$95.6MM
Loans	Q1 2017vs Q1 2016	$65.2MM$55.8MM
Deposits	Q1 2017vs Q1 2016	$93.5MM$85.0MM
Equity Capital	Q1 2017vs Q1 2016	$9.9MM$9.3MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$315.00K$213.00K
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$590.00K$567.00K
Real Estate Owned	Q1 2017vs Q1 2016	$110.00K$569.00K

Rates

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Savings
Money Market
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME	VIEW 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

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

Awakon Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
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 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