Overview / Commentary
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 475th largest credit union in the nation. It was established in 1968 and as of June of 2018, it had grown to 189 employees and 71,127 members at 10 locations. ELGA Credit Union's money market rates are 59% higher than the national average, and it boasts an A+ health rating.

Field of Membership Restrictions

ELGA Credit Union of Michigan is open to individuals who live, work, worship, volunteer, or attend school in the Michigan counties of Genesee, Lapeer, Livingston, Oakland, Saginaw, and Shiawassee. Membership eligibility also extends to include the employees and retirees of many employer groups, including State of Michigan Government agencies, Building Trades AFL-CIO, and Consumers Energy Company. Individuals who donate $25 to the Salvation Army Bed & Bread Program also qualify for membership, as do immediate family members of current ELGA members.
See current membership details

Related Posts

ELGA Credit Union (MI) Unveils 65-month Promo CD - 3/6/2018

ELGA CU (MI) has added two Promotional CDs: 65-month (3.10% APY) and 55-month (2.90% APY). Either requires a $5k minimum deposit, with no stated balance cap.

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Health
A+

Health Grade Components

Overall
NCUA #61797
Year Chartered1968
Employees189
Primary Regulator
Profit Margin
Return on Assets - YTD2.26%
Return on Equity - YTD15.56%
Annual Interest Income$14.8MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$604.5MM$550.7MM
LoansQ2 2018vs Q2 2017$551.9MM$471.8MM
DepositsQ2 2018vs Q2 2017$506.8MM$472.5MM
Equity CapitalQ2 2018vs Q2 2017$87.3MM$73.6MM
Loan Loss AllowanceQ2 2018vs Q2 2017$3.9MM$3.5MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$5.3MM$5.3MM
Real Estate OwnedQ2 2018vs Q2 2017$20.00K$482.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not ELGA 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.

ELGA Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.51%--Traditional IRA
1.51%--Roth IRA
1.51%--Education IRA
1.51%*$10k*-HSA Savings
OTHER TIERS: 0.75% $200 - $1k | 1.25% $1k - $10k
1.50%*-$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
0.15%$200-Business Membership Share

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%$10k-Business Checking
0.10%$10k-Community/Non-Profit Checking
0.10%$500-Vibe Checking
0.10%--Basic Cash

ELGA Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.10%$5k-65 Month CD Promotional CD
2.90%$5k-55 Month CD Promotional CD
2.40%$5k-42 Month CD Promotional CD
2.20%$1k-60 Month CD
2.20%$5k-30 Month CD Promotional CD
2.00%$1k-48 Month CD
1.80%$1k-36 Month CD
1.80%$5k-18 Month CD Promotional CD
1.60%$1k-24 Month CD
1.30%$1k-12 Month CD
1.00%$1k-72 Month CD
0.75%--Save To Win CD
0.75%--Vibe CD

ELGA Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.10%$5k-65 Month CD Promotional IRA
2.90%$5k-55 Month CD Promotional IRA
2.40%$5k-42 Month CD Promotional IRA
2.20%$5k-30 Month CD Promotional IRA
2.20%$1k-60 Month IRA
2.00%$1k-48 Month IRA
1.80%$5k-18 Month CD Promotional IRA
1.80%$1k-36 Month IRA
1.60%$1k-24 Month IRA
1.30%$1k-12 Month IRA
1.00%$1k-72 Month IRA
Locations


Cities: Burton, Clio, Davison, Fenton, Flint, Flushing, Goodrich, Lapeer, Saginaw

Burton Branches
Branch Office2303 S Center RdBurton, MI 48519-1147

Clio Branches
Branch Office7026 W Vienna RdClio, MI 48420

Davison Branches
Branch Office8503 Davison RdDavison, MI 48423
Branch Office8415 Davison RdDavison, MI 48423

Fenton Branches
Branch Office1390 N Leroy StFenton, MI 48430-5310

Flint Branches
Branch Office5072 Corunna RdFlint, MI 48532-4190

Flushing Branches
Branch Office6238 W Pierson RdFlushing, MI 48433-2339

Goodrich Branches
Branch Office8125 S State RdGoodrich, MI 48438

Lapeer Branches
Branch Office799 S Harrison StLapeer, MI 48446-3393

Saginaw Branches
Branch Office2686 McLeod Dr NSaginaw, MI 48604

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