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 433rd largest credit union in the nation. It was established in 1968 and as of June of 2019, it had grown to 196 employees and 76,493 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 - EXPIRED - 4/30/2019

ELGA Credit Union (MI) had offered a 27-month CD Special with a 3.10% APY during the early part of 2019. This Special ended during the summer of 2019.

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
Employees196
Primary Regulator
Profit Margin
Return on Assets - YTD2.18%
Return on Equity - YTD14.99%
Annual Interest Income$17.2MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$721.0MM$604.5MM
LoansQ2 2019vs Q2 2018$641.1MM$551.9MM
DepositsQ2 2019vs Q2 2018$597.8MM$506.8MM
Equity CapitalQ2 2019vs Q2 2018$103.5MM$87.3MM
Loan Loss AllowanceQ2 2019vs Q2 2018$4.6MM$3.9MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$7.2MM$5.3MM
Real Estate OwnedQ2 2019vs Q2 2018$678.00K$20.00K
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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