2019 Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 7465
Date Established 1951
Assets $111.25 million
Loans $73.03 million
Deposits $97.57 million
Capital $12.31 million
 

Awakon is an NCUA insured institution located in Onaway, MI. It was founded in 1951 and has approximately $111.25 millions in assets.

Field of Membership Restrictions

Membership is open to those who live, work, worship, attend school in, or own a business located in Presque Isle, Cheboygan, Montmorency, Otsego, Alpena, Emmet, Charlevoix, and Antrim Counties of Michigan.

Deposit Rates - October 23, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
0.10% $2,500 $9,999 Learn MoreShow Less
Money Market
0.15% $10,000 $24,999 Learn MoreShow Less
Money Market
0.20% $25,000 $49,999 Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
3 Mo CD
0.10% $1,000 - Learn MoreShow Less
6 Mo CD
0.20% $1,000 - Learn MoreShow Less
12 Mo CD
0.30% $1,000 - Learn MoreShow Less
24 Mo CD
0.50% $1,000 - Learn MoreShow Less
36 Mo CD
0.65% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
1.51% $5 - Learn MoreShow Less

Loan Rates - October 23, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for AWAKON

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.875% 4.875% 0.00 $0 $1,324 Learn More
Triangle Lending Group, Inc.
NMLS ID: 64446
License#: MC-5531
3.783% 3.750% 0.00 $1,012 $1,158 Learn More
First Internet Bank
NMLS ID: 424182
3.750% 3.750% -0.13 ($160) $1,158 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.990 %
$0 Learn More
More Info

Note to AWAKON
To upload and update your bank's rates please register. It is free to register and add rates.



Branches

Below are Awakon branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Awakon Locations


Financial Details

Awakon Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Awakon. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Awakon U.S. Average
5.84% 5.86

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of June 30, 2019, Awakon had $630,214 in non-current loans and $113,303 in owned assets. To cover these potential losses it had $12,308,301 in net worth and $413,463 in loans loss reserves. That gives it a Texas Ratio of 5.84%.

Net Worth
Awakon U.S. Average
11.06% 13.65%

Awakon FCU has a net worth of 11.06% versus the BestCashCow average of 13.65. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Awakon

Branches and Savings

What is Awakon?

A federal credit union, registered with the NCUA under certificate #7465.
Learn more about credit unions here.

Is Awakon FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Awakon?

Please see Field of Membership information above for information on who is eligible to join.

What are Awakon's share account and share certificate rates?

Awakon's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Awakon?

Awakon has total capital of $12.31 million. Full information on Awakon's financial position is located above.

Who owns Awakon?

Credit Unions are owned by their members.

Where are Awakon branches located?

See branch locations nearby.

Are Awakon ATMs Open 24/7?

Do Awakon ATMs accept cash deposits?

Can Awakon customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Awakon have a mobile app?

Does Awakon have mobile deposit?

Does Awakon have quick pay?

How can Awakon transfer money to other banks or credit unions?

Does Awakon report to credit bureaus?

Does Awakon use Chexsystems?

Does Awakon use Equifax?

What is Awakon's toll free phone number?

What is Awakon's ACH Routing Number?

What is Awakon's SWIFT code?

Where can I find Awakon's wire transfer form?

What is the Awakon address for deposits?

What Products Does Awakon Offer

Does Awakon offer mortgages?

Compare mortgage rates here.

Does Awakon offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Awakon offer auto and RV loans?

Compare auto loan rates here.

Does Awakon offer student loans or personal loans?

Compare personal loan rates here.

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