TellerScore

Elga Credit Union is a federally insured state-chartered credit union headquartered in Grand Blanc, Michigan, in business for about 58 years. At the end of Q2 2026 it reported $2.5B in total assets and $2.0B in member shares and deposits, with 9 offices across 2 states.

Based on its Q2 2026 filing, Elga Credit Union scores 75/100, which we describe as strong. That is higher than 75% of 454 credit unions with $1 billion – $10 billion. Among 169 credit unions headquartered in Michigan, it ranks 70th. Its strongest component is capital cushion (100/100; 17.80%), and its lowest is loan quality (54/100; 1.38%).

TellerScore · Q2 2026

Scorecard

Capital cushion100/100
Net worth ratio: 17.80%
Loan quality54/100
Loans 60+ days delinquent ÷ total loans: 1.38%
Earnings59/100
Return on assets (annualized): 0.98%
Funding & liquidity72/100
Loans ÷ shares: 79.4% · 23.2% uninsured
Problem-loan coverage89/100
Delinquent loans + foreclosed assets ÷ (net worth + loan-loss reserves): 5.32%

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 rose 2 points (73 → 75), mostly because the earnings component weakened by 24 points.

TellerScore
727577Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTellerScore
Q2 202473
Q3 202473
Q4 202472
Q1 202575
Q2 202573
Q3 202576
Q4 202574
Q1 202677
Q2 202675
Net worth ratio
7.00%16.49%25.99%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterNet worth ratio
Q2 202425.60%
Q3 202425.87%
Q4 202425.99%
Q1 202525.59%
Q2 202525.92%
Q3 202524.33%
Q4 202523.86%
Q1 202617.77%
Q2 202617.80%
Delinquent loans (60+ days)
1.13%1.70%2.27%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterDelinquent loans (60+ days)
Q2 20242.09%
Q3 20242.27%
Q4 20242.27%
Q1 20251.74%
Q2 20251.99%
Q3 20251.86%
Q4 20252.02%
Q1 20261.13%
Q2 20261.38%
Return on assets
0.92%1.48%2.03%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterReturn on assets
Q2 20241.88%
Q3 20242.03%
Q4 20241.80%
Q1 20251.49%
Q2 20251.58%
Q3 20251.62%
Q4 20251.51%
Q1 20260.92%
Q2 20260.98%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202675$2.5B17.80%1.38%0.98%79.4%
Q1 202677$2.5B17.77%1.13%0.92%80.6%
Q4 202574$1.8B23.86%2.02%1.51%86.8%
Q3 202576$1.8B24.33%1.86%1.62%91.1%
Q2 202573$1.6B25.92%1.99%1.58%99.8%
Q1 202575$1.6B25.59%1.74%1.49%99.9%
Q4 202472$1.6B25.99%2.27%1.80%104.6%
Q3 202473$1.5B25.87%2.27%2.03%107.4%
Q2 202473$1.5B25.60%2.09%1.88%108.8%

454 peers · $1 billion – $10 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).

Capital ratio17.80%
97th
Problem loans1.38%
13th
Net charge-offs0.70%
30th
Return on assets0.98%
67th
Loans to deposits79.4%
72nd
Uninsured deposits23.2%
2nd
Loan-loss reserves0.00%
50th
Texas ratio5.3%
44th

Similar-size credit unions in Michigan

InstitutionScoreAssetsCapitalProblem loansCompare
Dort Financial Credit UnionCredit union Grand Blanc, MI64 out of 100, Moderate$2.4B10.4%0.57%vs
Dow Credit UnionCredit union Midland, MI73 out of 100, Strong$2.6B10.1%0.29%vs
Community Choice Credit UnionCredit union Farmington Hill, MI67 out of 100, Moderate$2.1B9.5%0.75%vs
Lake Trust Credit UnionCredit union Brighton, MI62 out of 100, Moderate$2.9B10.8%1.06%vs
Consumers Credit UnionCredit union Oshtemo, MI65 out of 100, Moderate$2.9B9.4%0.40%vs
Honor Credit UnionCredit union Berrien Springs, MI70 out of 100, Strong$1.9B12.2%0.92%vs

Deposit insurance

Is my money safe at Elga Credit Union?

Yes. Elga Credit Union is a federally insured credit union (NCUA charter #61797). 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 23.2% of shares and deposits ($473.6M) are above the $250,000 NCUA insurance limit, above the peer median of 9%. Insured balances are protected regardless of the score.

The net worth ratio is 17.80%, well above the 7% level regulators use as the "well capitalized" benchmark for this measure.

Check how much of your own balance is covered

9 locations

Branches

Elga Credit Union lists 9 offices in 8 cities across 2 states. Most locations:

All branch addresses and map

HMDA 2025

Mortgage lending

In 2025, Elga Credit Union reported 769 home-loan applications under HMDA (LEI 549300ORTZ3CWXPNL693): 537 originated ($51,195,000 total), 132 denied, and 76 withdrawn or closed by the applicant. Its denial rate on decided applications was 19.0%, compared with 22.2% for all lenders nationwide.

Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.

Identity & history

Profile

Legal name
Elga Credit Union
Type
Federally insured state-chartered credit union
NCUA charter #
61797
RSSD ID
697594
Primary regulator
State + NCUA
Established
1968
Headquarters
6065 Grand Pointe Dr, Grand Blanc, MI 48439
Employees
445

Quick answers

Elga Credit Union: common questions

Is Elga Credit Union NCUA insured?

Yes. Elga Credit Union is a federally insured credit union (NCUA charter #61797). 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 Elga Credit Union's TellerScore?

75 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 Elga Credit Union have?

9 offices as of the latest NCUA data, in 2 states.