Credit union · NCUA insured
ELGA Credit Union
A $2.5B credit union, the 218th largest of 4,329, headquartered in Grand Blanc, MI, with 117,117 members and 16 branches in Michigan. Best rates: CDs 4.00% and savings 0.25% APY.
ELGA Credit Union Carrot Score
78
Carrot Score
Higher than 46% of U.S. banks and credit unions
#10 of 17 in Flint, MI metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About ELGA Credit Union
Founded in 1951, ELGA Credit Union is a member-owned not-for-profit cooperative and certified Community Development Financial Institution.
Originally named Flint Division Consumers Power Company Federal Credit Union, it was renamed ELGA in 1959 and merged with Marine Bank & Trust in 2026.
- Headquarters
- 6065 Grand Pointe Blvd, Grand Blanc, MI 48439
- NCUA charter
- 61797
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Individuals who live, work, worship, volunteer, or attend school in Brevard, Indian River, St. Lucie, Martin, Okeechobee, Osceola, Orange, or Seminole counties in Florida are eligible for membership.
- Individuals who live, work, worship, volunteer, or attend school in the State of Michigan are eligible for membership.
Employers and groups
- Any business or legal entity primarily comprised of the credit union's eligible membership group is eligible to join.
Military, government and schools
- Saginaw Valley State University students and alumni are eligible for membership.
Family and household
- Immediate family members of any current ELGA Credit Union member are eligible for membership.
Other ways
- Any person making a $25.00 donation to the Salvation Army Bed and Bread Program is eligible for membership (not available online).
Cost to join
- A $25.00 donation to the Salvation Army Bed and Bread Program is required to qualify under the donation membership route.
- Joining requires opening a Membership Share account (amount unstated).
Branches
16 branches in Michigan
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Michigan
16 branches
Flint area · 10
- Burton2303 S Center Rd, Burton, MI 48519Directions
- Clio7026 W Vienna Rd, Clio, MI 48420Directions
- Davison8415 Davison Rd, Davison, MI 48423Directions
- Fenton1390 N Leroy St, Fenton, MI 48430Directions
- Downtown Flint600 S Saginaw St, Flint, MI 48502Directions
- Flint VG's5072 Corunna Rd, Flint, MI 48532Directions
- Flushing6243 W Pierson Rd, Flushing, MI 48433Directions
- Goodrich8125 S State Rd, Goodrich, MI 48438Directions
- Grand Blanc6019 Grand Pointe Blvd, Grand Blanc, MI 48439Directions
- Shared Branch Network6065 Grand Pointe Blvd, Grand Blanc, MI 48439Directions
Bay City area · 2
- Straits1479 Straits Dr, Bay City, MI 48706Directions
- Wilder4265 Wilder Rd, Bay City, MI 48706Directions
Detroit area · 2
- Lapeer799 S Harrison St, Lapeer, MI 48446Directions
- Vital Records799 S Harrison St, Lapeer, MI 48446Directions
Saginaw area · 2
- Cabaret3262 Cabaret Trl S, Saginaw, MI 48603Directions
- Saginaw2686 McLeod Dr N, Saginaw, MI 48604Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 17.80% | 10.86% | 12.59% or more |
| Troubled loans60+ days late | 1.38% | 0.70% | 0.46% or less |
| ProfitabilityReturn on assets | 1.14% | 0.82% | 1.16% or more |
| LendingLoans per $100 deposited | $79 | $88 | — |
- CapitalNet worth ratio17.80%Peers’ middle 10.86% · Top 25% 12.59%+
- Troubled loans60+ days late1.38%Peers’ middle 0.70% · Top 25% ≤0.46%
- ProfitabilityReturn on assets1.14%Peers’ middle 0.82% · Top 25% 1.16%+
- LendingLoans per $100 deposited$79Peers’ middle $88
Compared with the 479 credit unions with $1 billion or more in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of ELGA Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.