Awakon Federal Credit Union is a federal credit union headquartered in Onaway, Michigan, in business for about 75 years. At the end of Q2 2026 it reported $202.7M in total assets and $172.4M in member shares and deposits, with 4 offices.
Based on its Q2 2026 filing, Awakon Federal Credit Union scores 71/100, which we describe as strong. That is higher than 54% of 1,341 credit unions with $100 million – $1 billion. Among 169 credit unions headquartered in Michigan, it ranks 95th. Its strongest component is capital cushion (85/100; 13.54%), and its lowest is loan quality (38/100; 1.86%).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score fell 8 points (79 → 71), mostly because the loan quality component weakened by 28 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 67 |
| Q3 2024 | 70 |
| Q4 2024 | 74 |
| Q1 2025 | 79 |
| Q2 2025 | 79 |
| Q3 2025 | 80 |
| Q4 2025 | 79 |
| Q1 2026 | 78 |
| Q2 2026 | 71 |
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| Quarter | Net worth ratio |
|---|---|
| Q2 2024 | 11.31% |
| Q3 2024 | 11.54% |
| Q4 2024 | 11.90% |
| Q1 2025 | 12.25% |
| Q2 2025 | 12.08% |
| Q3 2025 | 12.78% |
| Q4 2025 | 13.19% |
| Q1 2026 | 13.29% |
| Q2 2026 | 13.54% |
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| Quarter | Delinquent loans (60+ days) |
|---|---|
| Q2 2024 | 1.12% |
| Q3 2024 | 1.15% |
| Q4 2024 | 0.87% |
| Q1 2025 | 0.72% |
| Q2 2025 | 1.01% |
| Q3 2025 | 1.09% |
| Q4 2025 | 1.23% |
| Q1 2026 | 1.11% |
| Q2 2026 | 1.86% |
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| Quarter | Return on assets |
|---|---|
| Q2 2024 | 1.07% |
| Q3 2024 | 1.31% |
| Q4 2024 | 1.38% |
| Q1 2025 | 1.57% |
| Q2 2025 | 1.94% |
| Q3 2025 | 1.91% |
| Q4 2025 | 1.84% |
| Q1 2026 | 1.60% |
| Q2 2026 | 1.47% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 71 | $202.7M | 13.54% | 1.86% | 1.47% | 80.3% |
| Q1 2026 | 78 | $201.9M | 13.29% | 1.11% | 1.60% | 79.9% |
| Q4 2025 | 79 | $197.3M | 13.19% | 1.23% | 1.84% | 81.0% |
| Q3 2025 | 80 | $197.5M | 12.78% | 1.09% | 1.91% | 80.4% |
| Q2 2025 | 79 | $201.6M | 12.08% | 1.01% | 1.94% | 77.8% |
| Q1 2025 | 79 | $189.0M | 12.25% | 0.72% | 1.57% | 81.7% |
| Q4 2024 | 74 | $188.2M | 11.90% | 0.87% | 1.38% | 81.6% |
| Q3 2024 | 70 | $187.6M | 11.54% | 1.15% | 1.31% | 82.4% |
| Q2 2024 | 67 | $183.8M | 11.31% | 1.12% | 1.07% | 84.7% |
1,341 peers · $100 million – $1 billion
How it compares with peers
Percentile against credit unions of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size credit unions in Michigan
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Trunorth Federal Credit UnionCredit union Ishpeming, MI | 74 out of 100, Strong | $203.5M | 10.2% | 0.31% | vs |
| Service 1 Federal Credit UnionCredit union Muskegon, MI | 89 out of 100, Very strong | $198.5M | 18.6% | 0.42% | vs |
| U.P. State Credit UnionCredit union Escanaba, MI | 79 out of 100, Strong | $210.3M | 13.2% | 1.10% | vs |
| Polish-American Federal Credit UnionCredit union Troy, MI | 72 out of 100, Strong | $195.1M | 12.8% | 1.37% | vs |
| Downriver Community Federal Credit UnionCredit union Ecorse, MI | 70 out of 100, Strong | $193.2M | 10.5% | 0.52% | vs |
| Aac Credit UnionCredit union Grand Rapids, MI | 90 out of 100, Very strong | $212.4M | 24.2% | 0.36% | vs |
Deposit insurance
Is my money safe at Awakon Federal Credit Union?
Yes. Awakon Federal Credit Union is a federally insured credit union (NCUA charter #7465). Deposits are insured by the National Credit Union Share Insurance Fund up to $250,000 per member, per insured credit union, for each account ownership category.
An estimated 7.7% of shares and deposits ($13.2M) are above the $250,000 NCUA insurance limit, close to the peer median of 6%. Insured balances are protected regardless of the score.
The net worth ratio is 13.54%, well above the 7% level regulators use as the "well capitalized" benchmark for this measure.
4 locations
Branches
Awakon Federal Credit Union lists 4 offices in 4 cities. Most locations:
- Indian River, MI (1)
- Onaway, MI (1)
- Rogers City, MI (1)
- Wolverine, MI (1)
Identity & history
Profile
- Legal name
- Awakon Federal Credit Union
- Type
- Federal credit union
- NCUA charter #
- 7465
- RSSD ID
- 499480
- Primary regulator
- NCUA
- Established
- 1951
- Headquarters
- Po Box 420, Onaway, MI 49765
- Employees
- 57
Quick answers
Awakon Federal Credit Union: common questions
Is Awakon Federal Credit Union NCUA insured?
Yes. Awakon Federal Credit Union is a federally insured credit union (NCUA charter #7465). Deposits are insured by the National Credit Union Share Insurance Fund up to $250,000 per member, per insured credit union, for each account ownership category.
What is Awakon Federal Credit Union's TellerScore?
71 out of 100 (Strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
How many branches does Awakon Federal Credit Union have?
4 offices as of the latest NCUA data.
Nearby
Highest-scoring banks and credit unions with branches near Onaway
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Alpena-Alcona Area Credit UnionCredit union Alpena, MI | 77 out of 100, Strong | $975.7M | 12.2% | 0.85% | vs |
| Nicolet National BankBank Green Bay, WI | 64 out of 100, Moderate | $15.4B | 9.6% | 0.63% | vs |
| Straits Area Federal Credit UnionCredit union Cheboygan, MI | 59 out of 100, Moderate | $132.4M | 11.7% | 2.77% | vs |
| The Huntington National BankBank Columbus, OH | 59 out of 100, Moderate | $283.1B | 9.3% | 1.06% | vs |
| Citizens National Bank of CheboyganBank Cheboygan, MI | 53 out of 100, Below average | $471.0M | 8.5% | 1.47% | vs |
| Orsa Credit UnionCredit union Plymouth, MI | 47 out of 100, Below average | $1.5B | 9.8% | 1.52% | vs |