Alpena-alcona Area Credit Union

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Review based on 12 criteria Rating: 3 out of 5

PO Box 515, Alpena, MI 49707

Website

(989) 356-3577

Data Source: NCUA, December 31, 2016


Alpena-alcona Area Credit Union was founded in 1953. Headquartered in Alpena, Michigan, Alpena-alcona Area Credit Union is a state chartered and federally insured credit union, being chartered in Michigan and insured through the National Credit Union Share Insurance Fund (NCUSIF). Alpena-alcona Area Credit Union is also a member of the Federal Home Loan Bank (FHLB) , which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.

As of December 31, 2016, Alpena-alcona Area Credit Union services 28,155 members through its 8 offices and branches and 73 full-time and 7 part-time employees. It has $328,696,158 of total assets and $31,511,224 of net worth. Based on its asset size and net worth ratio, Alpena-alcona Area Credit Union is classified as a Well Capitalized medium large credit union.

Alpena-alcona Area Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. Alpena-alcona Area Credit Union also provides an array of services to its members and local communities. To find out more, please go to the Services page.

The following two tables list the deplitory and loan interest rates of Alpena-alcona Area Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in Michigan and in the nation.

Major Deplitory Accounts and Interest Rates (%)

Interest Rate
Median of Michigan
Median of USA
Checking
0.0000
0.0000
0.0000
Savings
0.1500
0.1000
0.1200
Money Market
0.2500
0.2500
0.2500
Certificate Deplit
0.3000
0.6000
0.5800
IRA
0.3000
0.5000
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of Michigan
National Median Rates
Credit Cards
12.9600
9.9600
9.9900
Unsecured Line of Credits
5.9500
11.0000
10.9500
Short-term Small Amount
n/a
18.0000
25.0000
Student Loans
n/a
6.2300
6.0200
New Car Loans
2.9500
2.9900
3.3300
Used Car Loans
3.9500
3.9900
4.5000
1st Mortgage Real Estates
3.2500
4.2500
4.2500
Other Real Estates
2.9900
4.5000
4.7000

Alpena-alcona Area Credit Union prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet, phones, ATMs, and mobile devices. The table below lists the electronic banking services prlided by Alpena-alcona Area Credit Union.

Electronic Banking Service Offerings

Membership Application
No
No
Share Account Transfers
Yes
New Loan Application
Yes
Share Draft Orders
Yes
Yes
New Share Account
No
Bill Payment
Yes
Yes
e-Statements
Yes
Loan Payments
Yes
No
Account Balance Inquiry
Yes
No
No
View Account History
Yes
No

As a community financial institution, Alpena-alcona Area Credit Union actively involves in local communities by prliding services such as financial counseling , financial education, financial literacy workshops, and first tim home buyer programs.

Community and other Service Offerings

Financial Counselling
Yes
Bilingual Services
No
Free Bill Pay
Yes
Financial Education
Yes
In-School Branches
Yes
Free Tax Preparation Service
No
Financial Literacy Workshops
Yes
Student Scholarships
No
Insurance/Investment Sales
Yes
First Time Homebuyer Program
Yes
Alpena North Office
1013 Us Highway 23 N
Alpena, MI 49707-1249
Phone:989-356-3577

Alpena Office
Main Office

1100 S Bagley St
Alpena, MI 49707-8104
Phone:989-356-3577

Atlanta Office
12285 Jerome St
Atlanta, MI 49709-9369
Phone:989-785-3800

Lincoln Office
111 S Church St
Lincoln, MI 48742
Phone:989-736-8912

Oscoda Office
103 S State St
Oscoda, MI 48750-1632
Phone:989-739-9103

Ossineke Office
11610 Us Highway 23 S
Ossineke, MI 49766-9586
Phone:989-471-2332

Tawas Office
118 W M 55
Tawas City, MI 48763-9251
Phone:989-362-7980

Tiger Branch
51 N Barlow Road
Lincoln, MI 48742
Phone:989-464-5694

(989) 354-5551

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  1. Cuhub Staff
    Cuhub Staff

    Last Updated on May 30, 2017

    May 30, 2017 at 10:25 pm

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