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Your Trusted Financial Partner in Onaway, MI
Awakon Federal Credit Union is a not-for-profit financial cooperative dedicated to providing exceptional service to our most important assetsour members. Founded on the democratic principles of the cooperative movement, we prioritize access to low-cost financial services that enhance the health and stability of ordinary citizens. Our membership offers a wide range of benefits, including savings and checking accounts, mortgage loans, IRAs, and Certificates of Deposit. We consistently deliver competitive financial offerings with fewer fees, lower loan rates, and higher savings rates compared to traditional banks. Our mission, Building Financial Trust and Stability, One Member at a Time, guides every decision we make. Regulated by the National Credit Union Administration (NCUA), we ensure your savings are federally insured up to $250,000.

As a member-owned institution, we focus on community involvement and financial education, offering programs like our award-winning Financial Tune-Up to help members save money and improve credit scores. Our partnerships with organizations like the Michigan Credit Union League and investment advisors like Molly Benson further enhance our service offerings. We prioritize cybersecurity, identity protection, and transparent communication to safeguard member trust. With six convenient locations across Michigan, we are committed to delivering personalized, reliable financial solutions that empower our members to achieve their goals.
Services
Checking Accounts Savings Accounts Mortgage Loans Auto Loans Credit Cards Financial Counseling Identity Theft Protection Investment Services Online Banking Shared Branching
Highlights and features
  • We are a member-owned, not-for-profit financial cooperative focused on your needs.
  • Our services include lower loan rates, higher savings rates, and minimal fees.
  • We offer free financial counseling and the award-winning Financial Tune-Up program.
  • We provide 24/7 online and telephone banking for convenient account management.
  • Our identity theft protection includes credit monitoring and fraud recovery services.
Associations and certifications
  • NCUA
Services
Checking Accounts
Our checking accounts provide secure, flexible access to your funds with no hidden fees. Designed for everyday transactions, they include free online banking, bill pay, and mobile check deposit. Members enjoy competitive features like overdraft protection and personalized debit cards.
Mortgage Loans
We offer competitive mortgage loans with low rates and personalized guidance for homebuyers. Our process simplifies financing, from pre-approval to closing, with options for first-time buyers, refinancing, and home equity loans. Dedicated support ensures a smooth experience.
Identity Theft Protection
Our ID Protect service includes daily credit monitoring, fraud alerts, and $10,000 reimbursement coverage. Members receive real-time alerts for suspicious activity and access to specialists who assist in resolving identity theft cases efficiently and confidentially.
Financial Tune-Up
This free program offers personalized financial reviews to help members save money and improve credit scores. Sessions include tailored advice on debt management, budgeting, and financial tools, along with a complimentary educational resource.
Investment Services
Partnering with independent advisors, we provide investment planning for retirement, education, and wealth growth. Services include portfolio management, risk assessment, and access to insured products, all tailored to individual financial goals.
Questions
What financial services does Awakon Federal Credit Union offer?
We provide checking and savings accounts, mortgages, auto loans, credit cards, investment services, identity theft protection, and financial education programs.
How can I access my accounts outside of branch hours?
Use our 24/7 online banking, mobile app, or telephone banking services to manage accounts anytime.
Are my deposits insured?
Yes, savings are federally insured up to $250,000 by the NCUA, a U.S. government agency.
What is the Financial Tune-Up program?
It's a free service offering personalized financial reviews to help members save money, reduce debt, and improve credit scores.
How does Awakon protect against identity theft?
We offer ID Protect, which includes credit monitoring, fraud alerts, and up to $10,000 reimbursement for identity theft-related expenses.