Charter 7465 · Onaway, MI
Awakon Federal Credit Union
Awakon Federal Credit Union is a federally chartered credit union in Onaway, Michigan, with $203 million in assets and 14,905 members as of June 30, 2026, according to the call report it filed with NCUA. Its net worth ratio was 13.54%, well above the 7% that NCUA's rules treat as well capitalized.
- Total assets
- $203 million
- +0.6% in a year
- Members
- 14,905
- +1.1% in a year
- Net worth ratio
- 13.54%
- Peer median 11.65%
- Loans 60+ days late
- 1.86%
- Peer median 0.70%
- Loans outstanding
- $138 million
- +2.2% in a year
- Shares and deposits
- $172 million
- -0.9% in a year
- Branches
- 7
- 57 employees
- Opened
- 1951
- Federal charter
How Awakon Federal Credit Union compares
NCUA groups credit unions by size; Awakon Federal Credit Union is in the group with $100 million to $500 million (1,061 credit unions). Its net worth ratio of 13.54% is higher than that group's median of 11.65%, and its share of loans 60 or more days past due, 1.86%, is higher than the group median of 0.70%. Loans grew 2.2% over the year to Q2 2026, against a group median of 2.9% growth.
By assets it ranks 81 of 169 credit unions headquartered in Michigan. See all Michigan credit unions.
Five quarters of figures
| Quarter | Assets | Members | Loans | Net worth ratio | 60+ days late |
|---|---|---|---|---|---|
| Q2 2026 | $203 million | 14,905 | $138 million | 13.54% | 1.86% |
| Q1 2026 | $202 million | 14,830 | $138 million | 13.29% | 1.11% |
| Q4 2025 | $197 million | 14,774 | $136 million | 13.19% | 1.23% |
| Q3 2025 | $197 million | 14,786 | $137 million | 12.78% | 1.09% |
| Q2 2025 | $202 million | 14,748 | $135 million | 12.08% | 1.01% |
Assets Members
Who can join
The field of membership is the group a credit union is allowed to serve: people who live or work in an area, employees of certain companies, members of an association, and their families. The credit union's own website has the exact rules. On its call report it estimates its field of membership at about 185,616 potential members. It holds NCUA's low-income designation, which lets it accept non-member deposits and raise secondary capital.
Credit unions that anyone in the US can join
Locations
NCUA's branch file lists 7 sites for Awakon Federal Credit Union. The branch count in the figures above comes from its call report, which is filed separately, so the two can differ slightly.
- Awakon Federal Credit Union (main office)
20855 Washington Ave, Onaway, MI 49765 - Awakon Federal Credit Union
6272 M-68 Hwy, Indian River, MI 49749 - Awakon Federal Credit Union
279 S Bradley Hwy, Rogers City, MI 49779 - Awakon Federal Credit Union
12842 S Straits Hwy, Wolverine, MI 49799 - Awakon Federal Credit Union
1496 W Main St, Gaylord, MI 49735 - Petoskey North
2001 N Us Highway 31, Petoskey, MI 49770 - Petoskey Meijer Branch
1201 Lears Rd Spc B, Petoskey, MI 49770
About these numbers
Figures come from the NCUA 5300 Call Report quarterly data for Q2 2026 (quarter ended June 30, 2026), which each credit union files itself. "60+ days late" is delinquent loans of two months or more divided by total loans. Peer medians are computed across every credit union in the same NCUA asset-size group. NCUA call report data · Methodology