Featured Savings Rates
Featured Accounts

ELGA Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.01%Reward CheckingKasasa Cash
1.00%5-year CD5 Year CD
0.40%1-year CD1 Year CD

Overview / Commentary
810-715-3542
2303 S Center Rd
Burton, MI 48519-1147

ELGA Credit Union is headquartered in Burton and is the 26th largest credit union in the state of Michigan. It is also the 535th largest credit union in the nation. It was established in 1968 and as of June of 2016, it had grown to 151 employees and 62,876 members at 8 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 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.
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Health
A+

Health Grade Components

Overall
NCUA #61797
Year Chartered1968
Employees151
Primary Regulator
Profit Margin
Return on Assets - YTD2.68%
Return on Equity - YTD20.29%
Annual Interest Income$11.2MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$461.0MM$412.1MM
LoansQ2 2016vs Q2 2015$394.5MM$352.4MM
DepositsQ2 2016vs Q2 2015$397.5MM$360.9MM
Equity CapitalQ2 2016vs Q2 2015$60.6MM$48.2MM
Loan Loss AllowanceQ2 2016vs Q2 2015$3.3MM$4.0MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$4.6MM$5.9MM
Real Estate OwnedQ2 2016vs Q2 2015$360.00K$843.00K
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%--IRA
1.51%*$10k*-HSA Savings
OTHER TIERS: 0.75% $200 - $1k | 1.25% $1k - $10k
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

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
2.01%*-$15kKasasa Cash
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
0.00%--Kasasa Cash Back

ELGA Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$1k-4 Year CD
1.00%$1k-5 Year CD
1.00%$1k-6 Year CD
0.75%--Save To Win CD
0.75%$1k-3 Year CD
0.50%$1k-2 Year CD
0.40%$1k-1 Year CD

ELGA Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%$5k-1 Year IRA
Locations


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