Advertising Disclosure
  1. Banks
  2. ELGA Credit Union

ELGA Credit Union


Overview / Commentary
www.elgacu.com
810-715-3542
2303 S Center Rd
Burton, MI 48519

ELGA Credit Union is headquartered in Burton and is the 18th largest credit union in the state of Michigan. It is also the 348th largest credit union in the nation. It was established in 1968 and as of December of 2021, it had grown to 232 employees and 83,969 members at 12 locations. ELGA Credit Union's money market rates are 25% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

ELGA Credit Union is open to individuals who live, work, worship, attend school, or volunteer anywhere in Michigan. 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

View all posts from:


Reviews

No reviews have been left for this bank yet. Be the first to review.



Health
A

Data as of Q4 2021

Learn why bank health matters

Health Grade Components

Overall
NCUA #61797
Year Chartered1968
Employees232
Primary Regulator
Profit Margin
Return on Assets - YTD1.93%
Return on Equity - YTD15.55%
Annual Interest Income$44.8MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$1.24B$1.06B
LoansQ4 2021vs Q4 2020$855.1MM$754.0MM
DepositsQ4 2021vs Q4 2020$1.05B$899.6MM
Equity CapitalQ4 2021vs Q4 2020$149.7MM$128.2MM
Loan Loss AllowanceQ4 2021vs Q4 2020$5.9MM$5.1MM
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$8.6MM$5.8MM
Real Estate OwnedQ4 2021vs Q4 2020$96.00K$739.00K
Rates
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not ELGA Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* 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%*$10k*-HSA Savings
OTHER TIERS: 0.75% → $200 - $1k | 1.25% → $1k - $10k
1.51%*$500k*-IRA Tiered Savings
OTHER TIERS: 0.50% → Up to $10k | 0.75% → $10k - $50k | 1.00% → $50k - $200k | 1.25% → $200k - $500k
0.55%*-$250kKasasa Saver
OTHER TIERS: 0.25% → $250k+
0.15%$200-Christmas Club
0.15%--Super Saver Club
0.10%$200-Regular Savings
0.10%$200-Membership Share
0.10%$200-Vibe Savings
0.10%$200-Business Membership Share
0.10%$200-Any Moment Savings

ELGA Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%*$250k*-BAMM! Account
OTHER TIERS: 0.55% → $25k - $100k | 0.60% → $100k - $250k
0.55%*$500k*-ELGA Elite Money Market
OTHER TIERS: 0.15% → $1k - $5k | 0.20% → $5k - $10k | 0.25% → $10k - $50k | 0.30% → $50k - $100k | 0.40% → $100k - $250k | 0.50% → $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
1.10%*$500k*-60 Month CD
OTHER TIERS: 0.90% → $1k - $30k | 0.95% → $30k - $100k | 1.00% → $100k - $250k | 1.05% → $250k - $500k
1.10%*$500k*-72 Month CD
OTHER TIERS: 0.90% → $1k - $30k | 0.95% → $30k - $100k | 1.00% → $100k - $250k | 1.05% → $250k - $500k
1.00%*$500k*-48 Month CD
OTHER TIERS: 0.80% → $1k - $30k | 0.85% → $30k - $100k | 0.90% → $100k - $250k | 0.95% → $250k - $500k
0.90%*$500k*-36 Month CD
OTHER TIERS: 0.70% → $1k - $30k | 0.75% → $30k - $100k | 0.80% → $100k - $250k | 0.85% → $250k - $500k
0.75%*$500k*-24 Month CD
OTHER TIERS: 0.55% → $1k - $30k | 0.60% → $30k - $100k | 0.65% → $100k - $250k | 0.70% → $250k - $500k
0.75%*-$25k12 Month Save To Win CD
OTHER TIERS: 0.10% → $25k+
0.70%$250-24 Month Learn2Save CD
0.63%*$500k*-12 Month CD
OTHER TIERS: 0.45% → $1k - $30k | 0.50% → $30k - $100k | 0.55% → $100k - $250k | 0.60% → $250k - $500k
0.55%$250-12 Month Learn2Save CD

ELGA Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%*$500k*-60 Month IRA
OTHER TIERS: 0.90% → $1k - $30k | 0.95% → $30k - $100k | 1.00% → $100k - $250k | 1.05% → $250k - $500k
1.10%*$500k*-72 Month IRA
OTHER TIERS: 0.90% → $1k - $30k | 0.95% → $30k - $100k | 1.00% → $100k - $250k | 1.05% → $250k - $500k
1.00%*$500k*-48 Month IRA
OTHER TIERS: 0.80% → $1k - $30k | 0.85% → $30k - $100k | 0.90% → $100k - $250k | 0.95% → $250k - $500k
0.90%*$500k*-36 Month IRA
OTHER TIERS: 0.70% → $1k - $30k | 0.75% → $30k - $100k | 0.80% → $100k - $250k | 0.85% → $250k - $500k
0.75%*$500k*-24 Month IRA
OTHER TIERS: 0.55% → $1k - $30k | 0.60% → $30k - $100k | 0.65% → $100k - $250k | 0.70% → $250k - $500k
0.63%*$500k*-12 Month IRA
OTHER TIERS: 0.45% → $1k - $30k | 0.50% → $30k - $100k | 0.55% → $100k - $250k | 0.60% → $250k - $500k
Locations

Availability



The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.