Alpena-alcona Area Credit Union

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A short history of Alpena-alcona Area CU

Since its inception in 1953 the Alpena-alcona Area Credit Union has been serving its members in the ALPENA, Michigan area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Donald Mills, the Alpena-alcona Area CU has grown its membership to over 28,259 with assets of more than $332,999,051. They have a main office and 8 branch offices. Please see the credit unions website or contact them by phone at (989) 356-3577 or email them at none to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in ALPENA, MI.

General Information For Alpena-alcona Area CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 62035
Address PO BOX 515 
State Michigan 
Zip-Code 49707
Phone Number (989) 356-3577
Fax Number (989) 354-5551
Email Address: none
CEO/President Donald Mills
Members 28,259 
Full-Time Employees 73 
Part-Time Employees
Number of Branch Offices
Total Assets 332,999,051 

Compare Alpena-alcona Area Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Besser CU Besser Credit Union 1381 N Bagley St 49707 (989) 356-1880 No 0.65
H.p.c. CU H.P.C. CREDIT UNION - BRANCH OFFICE 150 S Ripley Blvd 49707 (989) 354-4698 No 1.27
Thunder Bay Area CU Main Office 417 W Chisholm St 49707 (989) 354-2850 No 1.82
Alpena Community CU Alpena Community Credit Union Main Office 710 W Miller St 49707 (989) 356-4561 No 1.86
Calcite CU Calcite Credit Union 478 N Third St 49779 (989) 734-4130 No 29.58

Alpena-alcona Area Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Alpena-alcona Area Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 12.96 2.95 3.95 3.25 2.99
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 456 139 195 44 25
Rank Among All Michigan Credit Unions 83 37 48 2 1

Alpena-alcona Area Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.15 0.35 0.45 0.45
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 119 89 274 234
Rank Among All Michigan Credit Unions N/A 14 14 61 51
Alpena-alcona Area Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 12.9606,29018,588,917
All Other Unsecured Loans/Lines of Credit 5.9503,68213,751,245
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.95069213,795,323
Used Vehicle Loans 3.9503,25934,770,608
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.2501,06364,435,904
Total Other Real Estate Loans/Lines of Credit 2.9901865,429,280
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 5.9501,86418,504,452
TOTAL LOANS & LEASES 17,036169,275,729

Alpena-alcona Area Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 664,469,9985303,741
    b. 15 Years or less 74739,261,136433,431,020
    a. > 15 years 18716,114,579192,453,840
    b. 15 Years or less 634,590,19100
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 1554,657,972241,102,000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 31771,30800
Open-End Fixed Rate 0000
TOTALS 1,24969,865,184917,290,601


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Alpena-alcona Area Credit Union Member Offerings
First Time Homebuyer Program Yes
Real Estate Loans Yes
Pay Day Lending Yes
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes