Elga
Elga is a credit union based in Grand Blanc, Michigan, established in 1968, with $2.5 billion in total assets serving 117,117 members. By Trust Grade it ranks 50th of 170 credit unions we track in Michigan. Its net worth ratio of 17.8% is stronger than 97% of similarly sized credit unions, versus a Michigan median of 11.7%. It was profitable over the most recent period, with a 0.92% return on assets. No consumer complaints against Elga appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Elga compares to Michigan peers
How we graded Elga
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (17.8% capital ratio)
- Profitable (ROA 0.92%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Elga over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Elga insured?
Yes. Elga 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.
Elga: frequently asked questions
Is Elga a good credit union?
Elga earns a Bankzia Trust Grade of A (97/100, "Excellent"), based on a financial-strength score of 97/100 (it has no CFPB complaints on record). Strongly capitalized (17.8% capital ratio); Profitable (ROA 0.92%).
Is Elga NCUA-insured?
Yes. Elga 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 Elga?
Elga holds $2.5 billion in total assets, ranking 50th of 170 credit unions we track in Michigan. It serves 117,117 members.
Does Elga have CFPB complaints?
No CFPB complaints against Elga 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.
