At Elga, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We are proud to share that our financial strength reflects our commitment to you, the member, ensuring that your deposits are safe and your financial needs are met. With a
net worth of $401,522,380, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our
net worth ratio of $2,587 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through
$137,373,491 in share certificates and
$382,055,773 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at
$49,643,677, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. With
$225,498,882 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity is robust; with
$25,661 in used auto loans and
$1,202,515,854 in total loans and leases, we support members' financial goals across various sectors. Our efficiency shines through in our
$0, allowing us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having
294 full-time employees and
12 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team. Total Share and Deposit Accounts stand at
234,001, showing a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments) amount to
$917,123, further demonstrating our ability to meet your needs effectively. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Elga is your trusted partner. Visit us at 5072 Corunna Rd Flint Mi 48532 or call (810) 715-3542 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at:
https://www.ncua.gov, based on the latest results.
