AWAKON Credit Union Profile

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AWAKON

Charter #7465 | NCUA Region 1 | FCU
Low-Income Designation: Yes
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (989) 733-8557

Fax: (989) 733-6252

Founding Date: N/A

Website: http://www.awakonfcu.net

Personnel & Operations

President: Bischer, Robert

Manager: Pauly, Scott

FT Employees: 47

PT Employees: 2

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 66

Branches: 6

Hours: 9-4:30 M-TH 9-6 F 9-12 SAT

Credit Union Profile Summary

AWAKON is a FCU Credit Union. With a total of 14,748 members [1], this institution manages approximately $201,597,940 in total assets [1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 12.08% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at 0.75% [1].

Financial Snapshot

Total Assets [1]
$201,597,940

Total economic resources.

Total Loans [1]
$135,446,974

Total value of outstanding loans.

Total Deposits [1]
$174,035,884

Total funds deposited by members.

Members [1]
14,748

Number of active members.

Performance Ratios

Net Worth Ratio [1]
12.08%

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]
2.01%

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

Loan-to-Share Ratio [1]
77.83%

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

Four-Quarter Growth

Asset Growth (4Q) [1]
9.69%

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

Loan Growth (4Q) [1]
0.75%

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

Member Growth (4Q) [1]
0.96%

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

Headquarters Location & Map

Headquarters Address

20855 WASHINGTON AVE

ONAWAY, MI, 49765

Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

Rate This Credit Union

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Branch Locations

Found 5 branches reported by AWAKON (Charter #7465).

Main Office

Awakon Federal Credit Union Main Office

Type: Corporate Office

20855 Washington Ave

Onaway, MI 49765

Phone: (989) 733-8557

Services: Member Services, ATM, Drive-Thru

Open in Directions

Additional Branches

Gaylord

Awakon Federal Credit Union

Type: Branch Office

1496 W Main St

Gaylord, MI 49735-7461

Phone: (989) 732-1500

Services: Member Services, ATM, Drive-Thru

Open in Directions

Indian River

Awakon Federal Credit Union

Type: Branch Office

6272 M-68 Hwy

Indian River, MI 49749

Phone: (231) 238-8331

Services: Member Services, ATM, Drive-Thru

Open in Directions

Rogers City

Awakon Federal Credit Union

Type: Branch Office

279 S Bradley Hwy

Rogers City, MI 49779-2137

Phone: (989) 734-2772

Services: Member Services, ATM, Drive-Thru

Open in Directions

Wolverine

Awakon Federal Credit Union

Type: Branch Office

12842 S Straits Hwy

Wolverine, MI 49799-9500

Phone: (231) 525-8118

Services: Member Services, ATM, Drive-Thru

Open in Directions