ELGA Credit Union Profile

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ELGA

Charter #61797 | NCUA Region 1 | FISCU

Low-Income Designation: Yes

Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (810) 715-3542

Fax:

Founding Date: N/A

Website: http://www.elgacu.com

Personnel & Operations

President: Mott, Harold

Manager: Katzur, Terry

FT Employees: 308

PT Employees: 11

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 99

Branches: 14

Hours: 9-5

Credit Union Profile Summary

ELGA is a FISCU Credit Union. With a total of 100,601 members ^[1], this institution manages approximately $1,607,643,626 in total assets ^[1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 25.92% ^[1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at -2.90% ^[1].

Financial Snapshot

Total Assets ^[1]

$1,607,643,626

Total economic resources.

Total Loans ^[1]

$1,177,145,897

Total value of outstanding loans.

Total Deposits ^[1]

$1,179,529,547

Total funds deposited by members.

Members ^[1]

100,601

Number of active members.

Performance Ratios

Net Worth Ratio ^[1]

25.92%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) ^[1]

1.61%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio ^[1]

99.80%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) ^[1]

↑ 5.09%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) ^[1]

↓ -2.90%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) ^[1]

↑ 3.40%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

6065 Grand Pointe Blvd

Grand Blanc, MI, 48439

Open in Google Maps

Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

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Branch Locations

Found 13 branches reported by ELGA (Charter #61797).

Main Office

Headquarters Main Office

Type: Corporate Office