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ELGA Credit Union


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 21st largest credit union in the state of Michigan. It is also the 413th largest credit union in the nation. It was established in 1968 and as of September of 2019, it had grown to 208 employees and 77,644 members at 10 locations. ELGA Credit Union's CD rates are 3X the national average, and it 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

Move Your Money 12-Month CD, 6.00% APY - 11/4/2019

Offer valid on money not currently on deposit at ELGA Credit Union. One account per social security number. CD value is $1,000.00 only. CD must be opened at the Linden branch at 8017 Silver Lake Rd, Linden, MI 48451 or Holly branch at 15223 N. Holly Road, Holly, MI 48442. Penalty for early withdrawal. Promotion ends 11/29/2019. Field of membership includes residents of Genesee, Lapeer, Livingston, Oakland, Saginaw, and Shiawassee Counties in Michigan. Anyone who can come into a branch can join by making a $25.00 donation to the Salvation Army Bed and Bread Program.

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
A

Data as of Q3 2019

Learn why bank health matters

Health Grade Components

Overall
NCUA #61797
Year Chartered1968
Employees208
Primary Regulator
Profit Margin
Return on Assets - YTD2.14%
Return on Equity - YTD14.7%
Annual Interest Income$26.4MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$759.3MM$655.6MM
LoansQ3 2019vs Q3 2018$663.1MM$579.1MM
DepositsQ3 2019vs Q3 2018$626.6MM$541.3MM
Equity CapitalQ3 2019vs Q3 2018$107.6MM$91.2MM
Loan Loss AllowanceQ3 2019vs Q3 2018$4.7MM$4.1MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$8.9MM$7.0MM
Real Estate OwnedQ3 2019vs Q3 2018$678.00K$115.00K
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%--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%*-$250kKasasa Saver
OTHER TIERS: 0.25% → $250k+
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
0.15%$200-Any Moment Savings

ELGA Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%*$250k*-BAMM! Account
OTHER TIERS: 1.50% → $25k - $100k | 2.05% → $100k - $250k
0.70%*$500k*-ELGA Elite Money Market
OTHER TIERS: 0.15% → $200 - $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
3.04%-$15kKasasa Cash
0.10%$10k-Business Checking
0.10%$10k-Community/Non-Profit Checking
0.10%$500-Vibe Checking
0.10%$10k-Basic Cash

ELGA Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.10%*$500k*-72 Month CD
OTHER TIERS: 2.55% → $1k - $30k | 2.65% → $30k - $100k | 2.90% → $100k - $250k | 3.00% → $250k - $500k
3.05%*$500k*-60 Month CD
OTHER TIERS: 2.50% → $1k - $30k | 2.61% → $30k - $100k | 2.85% → $100k - $250k | 2.95% → $250k - $500k
2.80%*$500k*-48 Month CD
OTHER TIERS: 2.35% → $1k - $30k | 2.45% → $30k - $100k | 2.65% → $100k - $250k | 2.75% → $250k - $500k
2.65%*$500k*-36 Month CD
OTHER TIERS: 2.25% → $1k - $30k | 2.35% → $30k - $100k | 2.45% → $100k - $250k | 2.61% → $250k - $500k
2.45%*$500k*-24 Month CD
OTHER TIERS: 2.15% → $1k - $30k | 2.20% → $30k - $100k | 2.30% → $100k - $250k | 2.40% → $250k - $500k
2.40%*$500k*-10 Month CD Special
OTHER TIERS: 2.10% → $1k - $30k | 2.13% → $30k - $100k | 2.18% → $100k - $250k | 2.28% → $250k - $500k
2.25%*$500k*-12 Month CD
OTHER TIERS: 1.95% → $1k - $30k | 2.00% → $30k - $100k | 2.15% → $100k - $250k | 2.20% → $250k - $500k
2.15%$250-24 Month Learn2Save CD
1.80%$250-12 Month Learn2Save CD
0.75%$25-12 Month Save To Win CD

ELGA Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.10%*$500k*-72 Month IRA
OTHER TIERS: 2.55% → $1k - $30k | 2.65% → $30k - $100k | 2.90% → $100k - $250k | 3.00% → $250k - $500k
3.05%*$500k*-60 Month IRA
OTHER TIERS: 2.50% → $1k - $30k | 2.61% → $30k - $100k | 2.85% → $100k - $250k | 2.95% → $250k - $500k
2.80%*$500k*-48 Month IRA
OTHER TIERS: 2.35% → $1k - $30k | 2.45% → $30k - $100k | 2.65% → $100k - $250k | 2.75% → $250k - $500k
2.65%*$500k*-36 Month IRA
OTHER TIERS: 2.25% → $1k - $30k | 2.35% → $30k - $100k | 2.45% → $100k - $250k | 2.61% → $250k - $500k
2.45%*$500k*-24 Month IRA
OTHER TIERS: 2.15% → $1k - $30k | 2.20% → $30k - $100k | 2.30% → $100k - $250k | 2.40% → $250k - $500k
2.40%*$500k*-10 Month IRA Special
OTHER TIERS: 2.10% → $1k - $30k | 2.13% → $30k - $100k | 2.18% → $100k - $250k | 2.28% → $250k - $500k
2.25%*$500k*-12 Month IRA
OTHER TIERS: 1.95% → $1k - $30k | 2.00% → $30k - $100k | 2.15% → $100k - $250k | 2.20% → $250k - $500k
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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