Wanigas Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.26% | 1-year CD | 12 Month CD |
| 0.10% | Savings | Regular Passbook Savings |
| 2.12% | 4-year CD | 48 Month CD |
Wanigas Credit Union is headquartered in Saginaw and is the 46th largest credit union in the state of Michigan. It is also the 762nd largest credit union in the nation. It was established in 1952 and as of December of 2017, it had grown to 87 employees and 26,098 members at 5 locations. Wanigas Credit Union's money market rates are 2X the national average, and it has an A health rating.
Field of Membership Restrictions
Membership is open to those who live, work, attend school or worship in any county in Michigan's Lower Peninsula.
See current membership details
Excellent local credit union that cares about its members
My parents had me open both savings and checking accounts with Wanigas when I was about 11 years old. The goal was to experience and become familiar with money management, which is an essential life skill. The representatives at the branch we usually visited were always personable and willing to go the extra mile for the customer. The very small minimum balances allow for anyone (including young people) to open an account. I was able to access my funds at Wanigas while traveling abroad in Mexico. I did require a password reset but even when calling internationally a representative was able to resolve this issue. As a local credit union, their online banking was not very strong at first but has improved to the point it is in keeping with other banks' systems. I no longer live near a branch but still keep my account open in case my parents, who still live in Saginaw, ever need financial assistance.
Loans Ranking For This Credit Union
Money must be very tight at this credit union because they often turn down loans, even though a credit score over 725 isn't good enough at times. I have been rejected 2 times having a score of 735 sending me to a commercial bank for the loan I wanted for which they accepted me. Kind of makes you wonder who runs this credit union.
Data as of Q4 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68578 |
| Year Chartered | 1952 |
| Employees | 87 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.76% |
| Return on Equity - YTD | 5.53% |
| Annual Interest Income | $12.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2017vs Q4 2016 | $319.4MM$326.1MM |
| Loans | Q4 2017vs Q4 2016 | $219.4MM$218.0MM |
| Deposits | Q4 2017vs Q4 2016 | $272.3MM$267.4MM |
| Equity Capital | Q4 2017vs Q4 2016 | $43.9MM$41.9MM |
| Loan Loss Allowance | Q4 2017vs Q4 2016 | $1.7MM$1.5MM |
| Unbacked Noncurrent Loans | Q4 2017vs Q4 2016 | $1.7MM$1.3MM |
| Real Estate Owned | Q4 2017vs Q4 2016 | $199.00K$31.00K |
Always verify rates and promotions with the bank or credit union. We are not Wanigas 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.
Wanigas Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.50% | - | - | IRA Savings | ||
| 0.30%* | $50k* | - | Variable Rate Savings Account | ||
| OTHER TIERS: 0.10% → $2,500 - $25k | 0.25% → $25k - $50k | |||||
| 0.10% | - | - | Regular Passbook Savings | ||
Wanigas Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.00%* | $200k* | - | Power Saver MMA | ||
| OTHER TIERS: 0.25% → Up to $50k | 0.50% → $50k - $100k | 0.75% → $100k - $200k | |||||
| 0.30%* | $50k* | - | Money Market Cash Management | ||
| OTHER TIERS: 0.10% → $2,500 - $25k | 0.25% → $25k - $50k | |||||
Wanigas Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.12% | $500 | - | 48 Month CD | |
| 1.76% | $500 | - | 36 Month CD | |
| 1.51% | $500 | - | 24 Month CD | |
| 1.26% | $500 | - | 12 Month CD | |
| 0.75% | $500 | - | 6 Month CD | |
| 0.60% | $500 | - | 3 Month CD |
Wanigas Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.12% | $500 | - | 4 Year IRA | |
| 1.76% | $500 | - | 3 Year IRA | |
| 1.51% | $500 | - | 2 Year IRA | |
| 1.26% | $500 | - | 1 Year IRA |
| Wanigas Credit Union Locations | ||
|---|---|---|
| Branch Office | 1837 Bagley St | Saginaw, MI 48601-3107 |
| Branch Office | 4026 Shattuck Rd | Saginaw, MI 48603-3075 |
| Branch Office | 4129 N Euclid Ave | Bay City, MI 48706 |
| Branch Office | 9030 Gratiot Rd | Saginaw, MI 48609 |
| Branch Office | 113 W Huron Ave | Vassar, MI 48768 |