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iAdvertiser Disclosure
Advertiser Disclosure
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 Awakon Federal Credit Union Rates & Review April 2026
Content reviewed by
Brian McKay
Brian McKayFounder & Data ArchitectExpertise
Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
Read Full Bio →
Editorial Disclosure
The rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
✓Fact Checked
Rates Last Updated: April 18, 2026
Awakon Federal Credit Union's savings rates are at 0.07%. Awakon Federal Credit Union's money market rates are at 0.20%. Awakon Federal Credit Union's Personal Loan Rates are at 4.25%. MonitorBankRates evaluates the financial stability of Awakon Federal Credit Union with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 5.89%. Rates were last updated on 04/18/2026. Awakon Federal Credit Union money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Awakon Federal Credit Union? Share your experience about Awakon Federal Credit Union by leaving a review below, or read customer reviews before you decide to use Awakon Federal Credit Union. Awakon Federal Credit Union
Awakon Federal Credit Union 20855 Washington Ave
https://www.awakonfcu.net Onaway, MI 49765 
Awakon Federal Credit Union Savings Rates
Awakon Federal Credit Union Money Market Rates
Awakon Federal Credit Union Auto Loan Rates
Awakon Federal Credit Union Credit Card Rates
Methodology & Data SourcesMonitorBankRates Star Rating
Our rating for Awakon Federal Credit Union is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.
Texas Ratio
We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.
Rate Data Aggregation
We gather Awakon Federal Credit Union rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.
Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions.
It is always advisable to check with Awakon Federal Credit Union's official website for the most current offers and terms.
Credit Union Profile & Overview
Credit Union Name
Awakon Federal Credit Union
Website
https://www.awakonfcu.net
Address
20855 Washington Ave,
Onaway, MI 49765
Phone
989-733-8557
Fax
989-733-6252
President
Robert Bischer
CEO
Scott Pauly
Full-Time Employees
50
Part-Time Employees
2
Branch Locations
6
ATM Locations
6
NCUA Insured
✓ Yes — Up to $250,000 per depositor
FinancialsMonitorBankRates Star Rating
5.0 / 5.0 ★
Overall Health & Safety Grade
A+ (97/100)
Texas Ratio
5.89%
Return on Assets (ROA)
1.4345%
Return on Equity (ROE)
11.2252%
Non-Performing Loans Ratio (NPL)
1.09%
Total Assets
197,451,641
Total Amount of Shares and Deposits
170,044,993
Total Shares and Deposits < 1 Year
169,669,488
Total Shares and Deposits 1 3 Years
374,210
Total Shares and Deposits > 3 Years
1,295
Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)
14,450,520
Total Uninsured Shares and Deposits > $250K (F+J)
14,450,520
Total Insured Shares and Deposits > $250K (item 17 less item K)
155,594,473
Total Interest Expense (Sum of items 6 8)
1,079,378
Share Certificates
806
Number of Accounts for Share Drafts
31,201
IRA KEOGH Accounts
298
All other shares
120
Money Market Shares
242
Net Income (unless the amount is already included in Undivided Earnings)
2,832,443
Total Cash on Deposit (Amounts Deposited in Financial Institutions)
16,450,787
Total Liabilities
172,280,916
Source: NCUA — Last Updated 09/30/2025
Frequently Asked Questions About Awakon Federal Credit UnionIs Awakon Federal Credit Union a safe place to deposit money?Yes, Awakon Federal Credit Union is considered a safe financial institution. With a Texas Ratio of 5.8869788018971%, the institution's financial health is rated as excellent. Your accounts are federally insured by the NCUA (National Credit Union Administration) up to $250,000 per depositor, for each account ownership category. How many branches does Awakon Federal Credit Union operate?Awakon Federal Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes. Is a member application needed to join Awakon Federal Credit Union?Yes, to access services at Awakon Federal Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations. Is there a first-time homebuyer program?Currently, Awakon Federal Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing. Are credit management and repair services offered?While formal credit repair services are not currently listed, Awakon Federal Credit Union provides members with tools to manage their accounts and build a solid financial history. Does Awakon Federal Credit Union offer online and mobile banking?Most modern institutions like Awakon Federal Credit Union provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.awakonfcu.net. Current Awakon Federal Credit Union Rates
Retrieved from our database of financial products. Rates subject to change.
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