Burton, MI 48519

Notable Rates APY Vs.Others
Savings 0.15% 2.30% →
1-Year CD 2.05% 2.25% →
2-Year CD 2.25% 2.50% →
5-Year CD 2.70% 2.80% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2019 Overview

General Credit Union Information

Elga is an NCUA insured institution located in Burton, MI. It was founded in 1968 and has approximately $721.02 millions in assets.

Who can join?

Individuals who live, work, worship, volunteer, or attend school within Genesee, Saginaw, Lapeer, Shiawassee, Oakland, and Livingston Counties are eligible to join.

Also Eligible are:
• Employees or retirees of Consumers Energy Company.
• Members of the Building Trades AFL-CIO.
• Any person over the age of 55 who receives a retirement annuity, pension, social security, or similar retirement payment from private or government sources, and lives in, or belongs to a retirement organization located in Genesee County or in a county contiguous to Genesee County.
• Any person making a $25.00 donation to the Salvation Army Bed and Bread Program. Members of the immediate families of the above.
• Employees or members of employer groups or other organized groups which are located within 25 miles of the credit Union's main office or a branch office.

NCUA Insured Yes
Charter Number # # 61797
Date Established 1968
Assets $721.02 million
Loans $641.15 million
Deposits $597.80 million
Capital $103.52 million

Field of Membership Restrictions

ELGA Credit Union of Michigan is open to the residents, registered students, community volunteers, church members, and people maintaining employment within these eligible counties: Genesee,Saginaw, Lapeer, Shiawassee, Oakland, and Livingston along with retired seniors age 55+ and receives a retirement income compensation in Genesee or the surrounding counties. Membership eligibility also extends to include the employees of the employer groups located within a 25-mile distance of a credit union office in any direction, members of the Building Trades AFL-CIO, and persons that donate $25 to the Salvation Army Bed & Bread Program as well as the family members of any of these described individuals.

Deposit Rates - December 12, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Fixed IRA
2.05% $1,000 $29,999 Learn MoreShow Less
Special: 10 Mo FIRA
2.10% $1,000 $29,999 Learn MoreShow Less
Special: 10 Mo FIRA
2.15% $30,000 $99,999 Learn MoreShow Less
Special: 10 Mo FIRA
2.35% $100,000 $249,999 Learn MoreShow Less
Special: 10 Mo FIRA
2.45% $250,000 $499,999 Learn MoreShow Less
Special: 10 Mo FIRA
2.50% $500,000 - Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
Special: 10 Mo CD
2.10% $1,000 $29,999 Learn MoreShow Less
Special: 10 Mo CD
2.15% $30,000 $99,999 Learn MoreShow Less
Special: 10 Mo CD
2.35% $100,000 $249,999 Learn MoreShow Less
Special: 10 Mo CD
2.45% $250,000 $499,999 Learn MoreShow Less
Special: 10 Mo CD
2.50% $500,000 - Learn MoreShow Less
12 Mo CD
2.05% $1,000 $29,999 Learn MoreShow Less
24 Mo CD
2.25% $1,000 $29,999 Learn MoreShow Less
36 Mo CD
2.40% $1,000 $29,999 Learn MoreShow Less
48 Mo CD
2.55% $1,000 $29,999 Learn MoreShow Less
60 Mo CD
2.70% $1,000 $29,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
1.51% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $500 - Learn MoreShow Less

Loan Rates - December 12, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for ELGA

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
Learn More
NMLS ID: 2890
License#: MC-3098
3.633% 3.625% 0.13 $248 $1,141 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.034% 4.990% 0.00 $1,250 $1,341 Learn More
Rocket Mortgage
NMLS ID: 3030
4.919% 4.875% 0.00 $1,250 $1,324 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
Atlantic Union Bank
Atlantic Union Bank
4.750 %
$15,000 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
More Info

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


Below are Elga 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:

Elga Locations

Financial Details

Elga Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Elga. 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
Elga U.S. Average
5.43% 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, Elga had $5,193,004 in non-current loans and $677,689 in owned assets. To cover these potential losses it had $103,524,953 in net worth and $4,580,157 in loans loss reserves. That gives it a Texas Ratio of 5.43%.

Net Worth
Elga U.S. Average
14.35% 13.65%

Elga FCU has a net worth of 14.35% 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 Elga

Branches and Savings

What is Elga?

A federal credit union, registered with the NCUA under certificate #61797.
Learn more about credit unions here.

Is Elga 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 Elga?

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

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

Elga'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 Elga?

Elga has total capital of $103.52 million. Full information on Elga's financial position is located above.

Who owns Elga?

Credit Unions are owned by their members.

Where are Elga branches located?

See branch locations nearby.

Are Elga ATMs Open 24/7?

Do Elga ATMs accept cash deposits?

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

Does Elga have a mobile app?

Does Elga have mobile deposit?

Does Elga have quick pay?

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

Does Elga report to credit bureaus?

Does Elga use Chexsystems?

Does Elga use Equifax?

What is Elga's toll free phone number?

What is Elga's ACH Routing Number?

What is Elga's SWIFT code?

Where can I find Elga's wire transfer form?

What is the Elga address for deposits?

What Products Does Elga Offer

Does Elga offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Elga offer auto and RV loans?

Compare auto loan rates here.

Does Elga offer student loans or personal loans?

Compare personal loan rates here.

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