Awakon Federal Credit Union

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A short history of Awakon FCU

Since its inception in 1951 the Awakon Federal Credit Union has been serving its members in the ONAWAY, 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 Scott Pauly, the Awakon FCU has grown its membership to over 12,363 with assets of more than $103,790,160. They have a main office and 5 branch offices. Please see the credit unions website or contact them by phone at (989) 733-8557 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in ONAWAY, MI.

General Information For Awakon FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 7465
Address PO BOX 420 
State Michigan 
Zip-Code 49765
Phone Number (989) 733-8557
Fax Number (989) 733-6252
Email Address:
CEO/President Scott Pauly
Members 12,363 
Full-Time Employees 37 
Part-Time Employees
Number of Branch Offices
Total Assets 103,790,160 

Compare Awakon Federal Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Calcite CU Calcite Credit Union 478 N Third St 49779 (989) 734-4130 No 21.84
Straits Area CU Main Office 201 Locust St 49721 (231) 627-3145 No 23.12

Awakon Federal Credit Union Financial Performance Charts

Performance Charts

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Financial Data

Awakon Federal 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 9.90 2.49 3.00 6.50 4.25
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 243 83 92 412 132
Rank Among All Michigan Credit Unions 38 17 24 101 23

Awakon Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.18 0.30 0.30 1.50
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 111 97 302 94
Rank Among All Michigan Credit Unions N/A 12 17 70 12
Awakon Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 9.9002,4163,841,650
All Other Unsecured Loans/Lines of Credit 8.0001,4693,292,383
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.4901572,402,027
Used Vehicle Loans 3.0001,82216,876,076
Total 1st Mortgage Real Estate Loans/Lines of Credit 6.50047023,978,967
Total Other Real Estate Loans/Lines of Credit 4.2501162,627,292
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 3.0501,19314,011,591
TOTAL LOANS & LEASES 7,64367,029,986

Awakon Federal 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 2237,649182,021,295
    b. 15 Years or less 1393,117,94219908,700
    a. > 15 years 272,412,08300
    b. 15 Years or less 24415,760,473201,368,668
Other Fixed Rate 3269,590241,664
Adjustable Rate 1 yr or less 552,181,230227,813
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 50982,4639214,800
Closed-End Adjustable Rate 12149,14800
Open-End Adjustable Rate 541,495,6815169,207
Open-End Fixed Rate 0000
TOTALS 58626,606,259754,752,147


Interest Only & Payment Option 1st Mortgage Loans 421,254,93727,813
Interest Only & Payment Option Other RE/LOC Loans 501,392,806169,207
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Awakon Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
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 Yes
Check Cashing No
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes