Featured Savings Rates
Featured Accounts

ELGA Credit Union

Popular Accounts at this Credit Union

2.02%Reward CheckingKasasa Cash
1.35%Reward SavingsKasasa Saver
1.00%5-year CD60 Month CD

Overview / Commentary
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 492nd largest credit union in the nation. It was established in 1968 and as of September of 2017, it had grown to 172 employees and 68,220 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 - 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 Grade Components

NCUA #61797
Year Chartered1968
Primary Regulator
Profit Margin
Return on Assets - YTD2.56%
Return on Equity - YTD18.24%
Annual Interest Income$20.0MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$554.8MM$475.9MM
LoansQ3 2017vs Q3 2016$492.5MM$414.5MM
DepositsQ3 2017vs Q3 2016$472.7MM$409.0MM
Equity CapitalQ3 2017vs Q3 2016$77.5MM$63.8MM
Loan Loss AllowanceQ3 2017vs Q3 2016$3.6MM$3.4MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$4.9MM$5.3MM
Real Estate OwnedQ3 2017vs Q3 2016$496.00K$249.00K
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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

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%--High Five Savings
0.15%$200-Membership Share
0.15%$200-Vibe Savings

ELGA Credit Union Money Market Rates

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

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

1.80%$5k-18 Month CD
1.00%$1k-48 Month CD
1.00%$1k-60 Month CD
1.00%$1k-72 Month CD
0.75%--Save To Win CD
0.75%$1k-36 Month CD
0.50%$1k-24 Month CD
0.40%$1k-12 Month CD

ELGA Credit Union IRA Rates

0.80%$1k-1 Year Traditional IRA CD
0.80%$1k-1 Year Roth IRA CD

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