ELGA Credit Union


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 437th largest credit union in the nation. It was established in 1968 and as of March of 2019, it had grown to 195 employees and 70,073 members at 10 locations. ELGA Credit Union has 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) Ups 27-Month CD Special To 3.10% APY - 4/30/2019

ELGA Credit Union (MI) has raised the rate on its 27-month CD Special to 3.10% APY. Minimum deposit is $25k, with at least 50% new money required to open.

12-Month CD, 6.00% APY, $1K Min/Max - 3/16/2019

"To celebrate the grand opening of the Downtown Flint branch, we are offering a limited time, 12 month 6% APY CD of $1,000!" Offer is valid on money not currently on deposit at ELGA Credit Union. One account per social security number. CD value is $1,000 only ($1,000 min and max). CD must be opened at the Downtown Flint branch at 600 S Saginaw Street, Flint, MI 48502. https://www.elgacu.com/slide/six_on_the_bricks/?tc=slider_sixonthebricks

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Health

Health Grade Components

Overall
NCUA #61797
Year Chartered1968
Employees195
Primary Regulator
Profit Margin
Return on Assets - YTD2.39%
Return on Equity - YTD16.31%
Annual Interest Income$8.5MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$703.8MM$596.0MM
LoansQ1 2019vs Q1 2018$619.2MM$523.1MM
DepositsQ1 2019vs Q1 2018$580.4MM$507.4MM
Equity CapitalQ1 2019vs Q1 2018$99.8MM$83.7MM
Loan Loss AllowanceQ1 2019vs Q1 2018$4.5MM$3.8MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$7.1MM$4.7MM
Real Estate OwnedQ1 2019vs Q1 2018$261.00K$234.00K
Rates

Rates for ELGA Credit Union are currently being reviewed.

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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