Elga Credit Union

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A short history of Elga CU

Since its inception in 1968 the Elga Credit Union has been serving its members in the BURTON, 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 Karen Church, the Elga CU has grown its membership to over 66,757 with assets of more than $550,654,098. They have a main office and 10 branch offices. Please see the credit unions website or contact them by phone at (810) 715-3542 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 BURTON, MI.

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

Charter Number 61797
Address 2303 S CENTER RD 
State Michigan 
Zip-Code 48519
Phone Number (810) 715-3542
Fax Number (810) 715-3553
Email Address: none
CEO/President Karen Church
Members 66,757 
Full-Time Employees 171 
Part-Time Employees 19 
Number of Branch Offices 10 
Total Assets 550,654,098 
Website http://www.elgacu.com 

Compare Elga Credit Union To Other Local Credit Unions

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Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Dort CU PIERSON RD BRANCH 5091 W PIERSON RD 48504 (810) 732-3400 No 3.92
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Flint Area School Employees CU Court St 5399 E Court St N 48532 (810) 720-8300 No 8.33
Sagelink CU Sagelink Credit Union 3378 Lennon Rd 48429 (810) 767-8370 No 19.59

Elga Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Elga 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 2.49 4.25 4.75
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 51 174 200
Rank Among All Michigan Credit Unions 38 17 12 44 39

Elga Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.15 0.15 0.50 0.75 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 108 119 60 215 94
Rank Among All Michigan Credit Unions 11 14 8 47 12
Elga Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 9.90016,52127,729,947
All Other Unsecured Loans/Lines of Credit 17.6507,49513,401,972
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.4901,56432,715,997
Used Vehicle Loans 2.49015,450156,220,301
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.2501,869162,148,876
Total Other Real Estate Loans/Lines of Credit 4.75085020,729,792
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 2.4904,04958,861,123
TOTAL LOANS & LEASES 47,798471,808,008

Elga 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 0000
    b. 15 Years or less 1,10669,473,217898,239,100
    a. > 15 years 58465,230,1189113,037,341
    b. 15 Years or less 15626,610,73000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 23834,81171,098,000


Closed-End Fixed Rate 60714,421,3111364,731,653
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 2436,308,481221,640,020
Open-End Fixed Rate 0000
TOTALS 2,719182,878,66834528,746,114


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

Elga 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 No
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