Awakon Federal Credit Union

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 97^th largest credit union in the state of Michigan. It is also the 1,568^th largest credit union in the nation. It was established in 1951 and as of December of 2018, it had grown to 41 employees and 12,655 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.
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Health

Data as of Q4 2018

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Health Grade Components

Overall
NCUA #	7465
Year Chartered	1951
Employees	41
Primary Regulator

Profit Margin
Return on Assets - YTD	0.98%
Return on Equity - YTD	8.99%
Annual Interest Income	$4.6MM

Assets and Liabilities
Assets	Q4 2018vs Q4 2017	$106.0MM$102.8MM
Loans	Q4 2018vs Q4 2017	$70.5MM$69.0MM
Deposits	Q4 2018vs Q4 2017	$93.0MM$91.0MM
Equity Capital	Q4 2018vs Q4 2017	$11.6MM$10.6MM
Loan Loss Allowance	Q4 2018vs Q4 2017	$444.00K$380.00K
Unbacked Noncurrent Loans	Q4 2018vs Q4 2017	$1.7MM$986.00K
Real Estate Owned	Q4 2018vs Q4 2017	$196.00K$100.00K

Rates

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Savings
Money Market
CD

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Always verify rates and promotions with the bank or credit union. We are not Awakon Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* 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%	$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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
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

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

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

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