Sep, 30, 2025 — AWAKON FEDERAL CREDIT UNION is a federal credit union headquartered in ONAWAY, MI with 6 branch locations and about $197.45 million in total assets. Opened 75 years ago in 1951, AWAKON FEDERAL CREDIT UNION has about 14,786 members and employs 52 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AWAKON FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 20855 Washington Ave ONAWAY, MI 49765 |
| Phone: | (989) 733-8557 |
| Fax: | (989) 733-6252 |
| Website: | https://www.awakonfcu.net |
| Branches: | 6 branch locations |
| Members: | 14,786 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7465 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Aug 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $197,451,641 |
| CEO/Manager: | Scott M Pauly |
| Chairperson: | Robert Bischer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 19,744,179 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 142,500 |
| Real Estate Loans | 68,490,800 |
| Unsecured Loans | 9,432,912 |
| Other Loans | 58,781,105 |
| TOTAL LOANS | 136,704,817 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,366,966 |
| Land And Building | 5,739,895 |
| Other Fixed Assets | 548,253 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,502,848 |
| All Other Assets | 0 |
| TOTAL ASSETS | 197,451,641 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 196,940 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,035,376 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 122,830,596 |
| Regular shares | 0 |
| All Other Shares & Deposits | 47,214,397 |
| TOTAL SHARES & DEPOSITS | 170,044,993 |
| TOTAL LIABILITIES | 172,280,916 |
| Regular Reserve | 0 |
| Other Reserves | -62,099 |
| Undivided Earnings | 25,232,824 |
| TOTAL EQUITY | 25,170,725 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 197,451,641 |
| INCOME & EXPENSE | |
| Loan Income | 6,989,560 |
| Investment Income | 986,730 |
| Other Income | 1,746,316 |
| Total Employee Compensation & Benefits | 2,979,696 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,249,443 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 633,138 |
| Cost of Funds | 1,079,378 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,832,444 |
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