Awakon Credit Union

Awakon Credit Union is a federal credit union based in Onaway, Michigan. It has been opened since 1951, for 69 years.

With around $105,960,000 in assets, Awakon Credit Union is considered to be a large credit union. It has 5 branches and 5 ATM locations.

With 12,655 members, the Awakon Credit Union is considered to be a large credit union. It is larger than 75% of credit unions.

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Awakon Credit Union. Some credit unions tend to charge more fees, while others charge less.

Awakon Credit Union has 41 full-time staff members and 2 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 95% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Awakon Credit Union has around 301 members per staff, a low ratio compared to other credit unions. This is a well staffed credit union.

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Awakon Credit Union holds a total of $70,530,000 in loans and leases, which is about $8,545 per member on average.

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Awakon Credit Union pays 0.18%.