Po Box 420
Onaway, MI 49765
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.65% →
1-Year CD 0.30% 0.70% →
2-Year CD 0.50% 0.75% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Credit Union Information

Awakon is an NCUA insured institution located in Onaway, MI. It was founded in 1951 and has approximately $142.97 millions in assets.

NCUA Insured Yes / Federally Chartered
Charter Number # # 7465
Date Established 1951
Assets $142.97 million
Loans $75.44 million
Deposits $127.15 million
Capital $13.91 million

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 - May 13, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
0.05% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.15% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.20% $10,000 $14,999 Learn More
6 Mo CD
0.20% $100,000 $199,999 Learn More
12 Mo CD
0.30% $10,000 $14,999 Learn More
12 Mo CD
0.30% $100,000 $199,999 Learn More
24 Mo CD
0.50% $10,000 $14,999 Learn More
24 Mo CD
0.50% $100,000 $199,999 Learn More
36 Mo CD
0.65% $10,000 $14,999 Learn More
36 Mo CD
0.65% $100,000 $199,999 Learn More

Loan Rates - May 13, 2021

Your Current Location: Connecticut, CT 06828

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 - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Points Fees Monthly
Learn More
Rocket Mortgage
NMLS ID: 3030
3.368% 3.250% 1.00 $3,750 $1,089 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More
CIT Bank
NMLS ID: 541760
3.007% 2.950% 0.75 $1,815 $1,048 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR
1.990 %
After Intro: 4.700 %
Intro Period: 12 months
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to AWAKON
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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.

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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
5.09% 5.40

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 December 31, 2020, Awakon had $655,652 in non-current loans and $82,482 in owned assets. To cover these potential losses it had $13,914,103 in net worth and $590,639 in loans loss reserves. That gives it a Texas Ratio of 5.09%.

Net Worth
Awakon U.S. Average
9.73% 12.67%

Awakon FCU has a net worth of 9.73% versus the BestCashCow average of 12.67. 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. Most, but not all, are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance. Awakon is insured by the NCUA.

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 $13.91 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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