Featured Savings Rates
Featured Accounts

ELGA Credit Union

Popular Accounts at this Credit Union

2.02%Reward CheckingKasasa Cash
1.35%Reward SavingsKasasa Saver
2.90%5-year CD55 Month CD Promotional 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 487th largest credit union in the nation. It was established in 1968 and as of December of 2017, it had grown to 176 employees and 69,193 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 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) Unveils 65-month Promo CD (3.10% APY) - 3/6/2018

ELGA CU (MI) has added two Promotional CDs: 65-month (3.10% APY) and 55-month (2.90% APY). Either requires a $5k minimum deposit, with no stated balance cap.

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 - YTD2.44%
Return on Equity - YTD16.99%
Annual Interest Income$27.0MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$568.7MM$498.5MM
LoansQ4 2017vs Q4 2016$511.5MM$433.9MM
DepositsQ4 2017vs Q4 2016$483.4MM$428.7MM
Equity CapitalQ4 2017vs Q4 2016$80.6MM$66.9MM
Loan Loss AllowanceQ4 2017vs Q4 2016$3.6MM$3.3MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$6.7MM$6.4MM
Real Estate OwnedQ4 2017vs Q4 2016$501.00K$173.00K
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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%--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
1.35%*-$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%$10k-Business Checking
0.10%$10k-Community/Non-Profit Checking
0.10%$500-Vibe Checking
0.10%--Basic Cash

ELGA Credit Union CD Rates

3.10%$5k-65 Month CD Promotional CD
2.90%$5k-55 Month CD Promotional CD
2.40%$5k-42 Month CD Promotional CD
2.20%$1k-60 Month CD
2.20%$5k-30 Month CD Promotional CD
2.00%$1k-48 Month CD
1.80%$1k-36 Month CD
1.80%$5k-18 Month CD Promotional CD
1.60%$1k-24 Month CD
1.30%$1k-12 Month CD
1.00%$1k-72 Month CD
0.75%--Save To Win CD
0.75%--Vibe 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