Featured Savings Rates
Featured Accounts

Awakon Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.30%1-year CD12 Month CD
0.18%SavingsSub Share Account
0.65%3-year CD36 Month CD

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

Awakon Federal Credit Union is headquartered in Onaway and is the 103rd largest credit union in the state of Michigan. It is also the 1,603rd largest credit union in the nation. It was established in 1951 and as of September of 2016, it had grown to 38 employees and 12,003 members at 6 locations. Awakon Federal Credit Union has a B+ 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
B+
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Awakon Federal Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #7465
Year Chartered1951
Employees38
Primary Regulator
Profit Margin
Return on Assets - YTD0.42%
Return on Equity - YTD4.29%
Annual Interest Income$2.7MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$97.9MM$91.4MM
LoansQ3 2016vs Q3 2015$61.5MM$52.6MM
DepositsQ3 2016vs Q3 2015$86.6MM$81.1MM
Equity CapitalQ3 2016vs Q3 2015$9.6MM$9.1MM
Loan Loss AllowanceQ3 2016vs Q3 2015$293.00K$218.00K
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$632.00K$706.00K
Real Estate OwnedQ3 2016vs Q3 2015$333.00K$802.00K
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
1.51%--Roth IRA Share Account
1.51%--CESA 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 Office3615 S Straits HwyIndian River, MI 49749-5136
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