Awakon Federal Credit Union

Overview / Commentary
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.
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Health Grade Components

NCUA #7465
Year Chartered1951
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
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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

1.51%$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

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

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

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

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