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  2. ELGA Credit Union

ELGA Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.02%Reward CheckingKasasa Cash
1.84% - National Average
1.35%Reward SavingsKasasa Saver
0.80% - National Average
1.00%5-year CD5 Year CD
2.35% - Synchrony Bank 60 Month CDAdvertisement
View all ELGA Credit Union rates »

Overview / Commentary
www.elgacu.com
810-715-3542
2303 S Center Rd
Burton, MI 48519-1147

ELGA Credit Union is headquartered in Burton and is the 22nd largest credit union in the state of Michigan. It is also the 497th largest credit union in the nation. It was established in 1968 and as of March of 2017, it had grown to 163 employees and 68,444 members at 9 locations. ELGA Credit Union's money market rates are 59% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

ELGA Credit Union of Michigan is open to the residents, registered students, community volunteers, church members, and people maintaining employment within these eligible counties: Genesee,Saginaw, Lapeer, Shiawassee, Oakland, and Livingston along with retired seniors age 55+ and receives a retirement income compensation in Genesee or the surrounding counties. Membership eligibility also extends to include the employees of the employer groups located within a 25-mile distance of a credit union office in any direction, members of the Building Trades AFL-CIO, and persons that donate $25 to the Salvation Army Bed & Bread Program as well as the family members of any of these described individuals.
See current membership details

Related Posts

ELGA CU (MI) Adds Kasasa Saver, 1.35% APY Up To $100k - 7/5/2017

ELGA CU (mid-Michigan) has added a new Kasasa Saver (1.35% APY, up to $100k) to complement its Kasasa Cash that earns 2.02% APY, up to $15k.

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Health
A

Data as of Q1 2017

Learn why bank health matters

Health Grade Components

Overall
NCUA #61797
Year Chartered1968
Employees163
Primary Regulator
Profit Margin
Return on Assets - YTD2.9%
Return on Equity - YTD21.37%
Annual Interest Income$6.4MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$543.3MM$458.7MM
LoansQ1 2017vs Q1 2016$454.4MM$377.6MM
DepositsQ1 2017vs Q1 2016$469.3MM$398.1MM
Equity CapitalQ1 2017vs Q1 2016$70.7MM$57.7MM
Loan Loss AllowanceQ1 2017vs Q1 2016$3.4MM$3.2MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$5.4MM$5.0MM
Real Estate OwnedQ1 2017vs Q1 2016$173.00K$484.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

ELGA Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.51%--IRA
1.51%--Roth IRA
1.51%--Education IRA
1.51%*$10k*-HSA Savings
OTHER TIERS: 0.75% → $200 - $1k | 1.25% → $1k - $10k
1.35%*-$100kKasasa Saver
OTHER TIERS: 0.25% → $100k+
0.15%$200-Christmas Club
0.15%$200-Regular Savings
0.15%--ELGAsaurus
0.15%--High Five Savings
0.15%$200-Membership Share
0.15%$200-Vibe Savings

ELGA Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%*$500k*-ELGA Elite
OTHER TIERS: 0.15% → $1k - $5k | 0.25% → $5k - $10k | 0.35% → $10k - $50k | 0.45% → $50k - $100k | 0.55% → $100k - $250k | 0.65% → $250k - $500k

ELGA Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%*-$15kKasasa Cash
OTHER TIERS: 0.25% → $15k+
2.00%*-$15kKasasa Cash with Kasasa Saver
OTHER TIERS: 0.25% → $15k+
0.10%$500-Business Checking
0.10%$500-Community Checking
0.10%$500-Non-Profit Checking
0.10%$500-Vibe Checking
0.10%--Basic Cash

ELGA Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$1k-4 Year CD
1.00%$1k-5 Year CD
1.00%$1k-6 Year CD
0.75%--Save To Win CD
0.75%$1k-3 Year CD
0.50%$1k-2 Year CD
0.40%$1k-1 Year CD

ELGA Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%$5k-1 Year Traditional IRA CD
0.80%$1k-1 Year Roth IRA CD
Locations


ELGA Credit Union Locations
Branch Office799 S Harrison StLapeer, MI 48446-3393
Branch Office8503 Davison RdDavison, MI 48423
Branch Office1390 N Leroy StFenton, MI 48430-5310
Branch Office7026 W Vienna RdClio, MI 48420
Branch Office8415 Davison RdDavison, MI 48423
Branch Office6238 W Pierson RdFlushing, MI 48433-2339
Branch Office2303 S Center RdBurton, MI 48519-1147
Branch Office5072 Corunna RdFlint, MI 48532-4190
Branch Office2686 McLeod Dr NSaginaw, MI 48604