ELGA Credit Union is headquartered in Grand Blanc and is the 15th largest credit union in the state of Michigan. It is also the 309th largest credit union in the nation. It was established in 1968 and as of September of 2022, it had grown to 240 employees and 88,289 members at 12 locations. ELGA Credit Union's CD rates are 3X the national average, and it has an A health rating.
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
Overall | |
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NCUA # | 61797 |
Year Chartered | 1968 |
Employees | 240 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 1.85% |
Return on Equity - YTD | 17.48% |
Annual Interest Income | $40.9MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q3 2022vs Q3 2021 | $1.44B$1.18B |
Loans | Q3 2022vs Q3 2021 | $1.04B$824.1MM |
Deposits | Q3 2022vs Q3 2021 | $1.09B$1.00B |
Equity Capital | Q3 2022vs Q3 2021 | $151.2MM$144.4MM |
Loan Loss Allowance | Q3 2022vs Q3 2021 | $7.1MM$5.8MM |
Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $13.4MM$5.9MM |
Real Estate Owned | Q3 2022vs Q3 2021 | $0$434.00K |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
3.04% | - | $15k | Kasasa Cash | |
0.10% | $10k | - | Business Checking | |
0.10% | $10k | - | Community/Non-Profit Checking | |
0.10% | $500 | - | Vibe Checking | |
0.10% | $10k | - | Basic Cash |