Wanigas Credit Union

Overview / Commentary
1837 Bagley Street
Saginaw, MI 48601

Wanigas Credit Union is headquartered in Saginaw and is the 46th largest credit union in the state of Michigan. It is also the 795th largest credit union in the nation. It was established in 1952 and as of December of 2021, it had grown to 78 employees and 24,260 members at 4 locations. Wanigas Credit Union has an A+ health rating.

Field of Membership Restrictions

Wanigas Credit Union offers membership to those who work, attends school, worships or lives in any county of Michigan's lower peninsula. Anyone who receives social security, a pension, retirement annuity or similar from a government or private source and belongs to, or lives in the county contiguous to the county where Wanigas's principal of business is located. Additionally, membership is offered family of current members and employees of Wanigas Credit Union.
See current membership details

Reviews (2)

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

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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.


Health Grade Components

NCUA #68578
Year Chartered1952
Primary Regulator
Profit Margin
Return on Assets - YTD0.95%
Return on Equity - YTD7.13%
Annual Interest Income$12.7MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$415.2MM$389.8MM
LoansQ4 2021vs Q4 2020$246.8MM$236.7MM
DepositsQ4 2021vs Q4 2020$355.1MM$331.2MM
Equity CapitalQ4 2021vs Q4 2020$54.9MM$54.2MM
Loan Loss AllowanceQ4 2021vs Q4 2020$2.3MM$2.4MM
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$898.00K$778.00K
Real Estate OwnedQ4 2021vs Q4 2020$0$0
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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

0.20%$5-IRA Savings
0.05%--Regular Passbook Savings
0.05%$5-Christmas Club
0.05%$5-Vacation Club
0.05%$5-Rainy Day Club
0.05%$5-Share Saving Account

Wanigas Credit Union Money Market Rates

0.30%*$200k*-Power Saver MMA
OTHER TIERS: 0.15% $5 - $100k | 0.20% $100k - $150k | 0.25% $150k - $200k

Wanigas Credit Union Checking Account Rates

0.15%*$50k*-Premier Dividend Checking Account
OTHER TIERS: 0.10% $2.5k - $50k

Wanigas Credit Union CD Rates

0.70%$500-48 Month CD
0.55%$500-36 Month CD
0.40%$500-24 Month CD
0.30%$500-12 Month CD
0.25%$500-6 Month CD
0.20%$500-3 Month CD

Wanigas Credit Union IRA Rates

0.70%$500-4 Year IRA
0.55%$500-3 Year IRA
0.40%$500-2 Year IRA
0.30%$500-1 Year IRA

Wanigas Credit Union Locations
Branch Office1837 Bagley StSaginaw, MI 48601-3107
Branch Office4026 Shattuck RdSaginaw, MI 48603-3075
Branch Office4129 N Euclid AveBay City, MI 48706
Branch Office9030 Gratiot RdSaginaw, MI 48609

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