Alpena-Alcona Area
Alpena-Alcona Area is a credit union based in Alpena, Michigan, established in 1953, with $958 million in total assets serving 49,570 members. By Trust Grade it ranks 27th of 170 credit unions we track in Michigan. Its net worth ratio of 12.1% is stronger than 61% of similarly sized credit unions, versus a Michigan median of 11.7%. It was profitable over the most recent period, with a 1.53% return on assets. No consumer complaints against Alpena-Alcona Area appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Alpena-Alcona Area compares to Michigan peers
How we graded Alpena-Alcona Area
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (12.1% capital ratio)
- Strongly profitable (ROA 1.53%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Alpena-Alcona Area over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Alpena-Alcona Area insured?
Yes. Alpena-Alcona Area is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Alpena-Alcona Area: frequently asked questions
Is Alpena-Alcona Area a good credit union?
Alpena-Alcona Area earns a Bankzia Trust Grade of A (98/100, "Excellent"), based on a financial-strength score of 98/100 (it has no CFPB complaints on record). Strongly capitalized (12.1% capital ratio); Strongly profitable (ROA 1.53%).
Is Alpena-Alcona Area NCUA-insured?
Yes. Alpena-Alcona Area is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is Alpena-Alcona Area?
Alpena-Alcona Area holds $958 million in total assets, ranking 27th of 170 credit unions we track in Michigan. It serves 49,570 members.
Does Alpena-Alcona Area have CFPB complaints?
No CFPB complaints against Alpena-Alcona Area appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
