Unverified listing What this means
The Lender Report built this page from public records. ELGA Credit Union has not reviewed it. Every lender's page starts this way, and it says nothing about ELGA Credit Union itself. Each figure shows its source and date. Work at ELGA Credit Union? You can claim this page for free.
Credit union, Grand Blanc, MI
ELGA Credit Union
A credit union based in Grand Blanc, MI. Its commercial book is led by owner-occupied CRE and non-owner-occupied CRE. Public files show recent 1-4 unit investor, SBA 7(a), SBA 504 and real-estate-secured commercial loans it made.
- Kind
- Credit union
- Data as of
- June 30, 2026
- Page last changed
- November 12, 2026
- Commercial book
- $375M
- NCUA 5300,
- Holds, not loans made
- Commercial loans made, H1 2026
- 48
- NCUA 5300,
- Real-estate-secured
- SBA loans, 36 months
- 11
- SBA FOIA,
- 7(a) and 504, net of cancelled
- Total assets
- $2.50B
- NCUA 5300,
Does it fit my deal?
The deal is read here and kept nowhere. Leave out names, income and credit scores.
How to reach them
Each line shows where it came from
- Phone
- 810-715-3542 From the NCUA record, June 30, 2026.
- Website
- www.elgacu.comFrom the NCUA record, November 9, 2026.
- Names it files under
- ELGANCUA 5300,
- Address
- 6065 Grand Pointe Dr, Grand Blanc, MI 48439NCUA 5300,
- Regulator record
- NCUA profile
You generally must be a member of a credit union to borrow from it. Field of membership: Non-Federal Credit Union. Designated low-income by NCUA.
Recently done
Recorded lending
Recorded lending. Two or more public files show loans this lender made.
| When | What the record shows | Source |
|---|---|---|
| October 21, 2026 | Certified by the CDFI Fund as a Community Development Financial Institution.Membership in a public list, not lending volume. | CDFI Fund certified list, |
| Jun 2025 to Jun 2026 | Owner-occupied CRE balance rose 151.4% to $168.2M in the year to June 30, 2026.Balances, not originations. Year over year from call reports. | NCUA 5300 |
| Jun 2025 to Jun 2026 | Non-owner-occupied CRE balance rose 367.0% to $112.5M in the year to June 30, 2026.Balances, not originations. Year over year from call reports. | NCUA 5300 |
| Jun 2025 to Jun 2026 | Commercial and industrial balance rose 117.0% to $53.5M in the year to June 30, 2026.Balances, not originations. Year over year from call reports. | NCUA 5300 |
Banks report no loan-level data for office, retail, industrial or construction loans. This list shows only multifamily and SBA loans.
| Period | Place | Loan | Amount | Rate | Term | LTV | Source |
|---|---|---|---|---|---|---|---|
| Aug 2025 | Florida | SBA 504, Wholesale Trade | $1.2M | 20 yr | SBA FOIA | ||
| Dec 2024 | Florida | SBA 504, Retail Trade | $330K | 25 yr | SBA FOIA | ||
| Jul 2024 | Florida | SBA 504, Plumbing, Heating, and Air-Conditioning Contractors | $340K | 25 yr | SBA FOIA | ||
| Apr 2024 | Florida | SBA 504, Professional, Scientific, and Technical Services | $240K | 25 yr | SBA FOIA | ||
| Feb 2024 | Florida | SBA 7(a), Manufacturing | $280K | 11.5% | 10 yr | SBA FOIA | |
| 10 SBA 504 first liens since October 2023, net of cancelled | $7.62M | SBA FOIA | |||||
A blank means the source did not report it.
What it holds
NCUA 5300, June 30, 2026
| Book | Holds | Of its loans | Year over year | Loans | Average |
|---|---|---|---|---|---|
| Multifamily | $28.3M | 1.8% | +48.3% | 104 | $272K |
| Construction and land development | $9.56M | 0.6% | +39.3% | 36 | $265K |
| Owner-occupied CRE | $168M | 10.4% | +151.4% | 424 | $397K |
| Non-owner-occupied CRE | $112M | 7.0% | +367.0% | 183 | $614K |
| Farmland | $2.86M | 0.2% | +72.1% | 9 | $318K |
| Commercial and industrial | $53.5M | 3.3% | +117.0% | 429 | $125K |
| Other real-estate-secured commercial | $0 | 0.0% | Not reported | Not reported | Not reported |
| Commercial total | $375M |
Table
| Quarter | Commercial book |
|---|---|
| Q3 2023 | $141M |
| Q4 2023 | $143M |
| Q1 2024 | $140M |
| Q2 2024 | $144M |
| Q3 2024 | $143M |
| Q4 2024 | $148M |
| Q1 2025 | $144M |
| Q2 2025 | $143M |
| Q3 2025 | $144M |
| Q4 2025 | $143M |
| Q1 2026 | $366M |
| Q2 2026 | $375M |
| Kind of loan | Period | Loans made | Dollars | Typical size | Largest | Source |
|---|---|---|---|---|---|---|
| 1-4 unit investor or business purpose | 2025 | 10 | $1.61M | $150K | HMDA, | |
| SBA 7(a), net of cancelled | 36 months to Sep 2026 | 1 | $280K | $280K | $280K | SBA FOIA, |
| SBA 504 first lien, net of cancelled | 36 months to Sep 2026 | 10 | $7.62M | $379K | $2.6M | SBA FOIA, |
| Real-estate-secured commercial | First half of 2026 | 48 | $34.6M | NCUA 5300, | ||
| Multifamily | First half of 2026 | 3 | $5.25M | NCUA 5300, | ||
| Construction | First half of 2026 | 7 | $2.72M | NCUA 5300, | ||
| Owner-occupied CRE | First half of 2026 | 29 | $11.9M | NCUA 5300, | ||
| Non-owner-occupied CRE | First half of 2026 | 9 | $14.7M | NCUA 5300, | ||
| C&I | First half of 2026 | 55 | $5.08M | NCUA 5300, |
How these public files were tied to this lender. HMDA: its legal entity identifier (LEI). SBA 7(a) loans: its NCUA charter number. SBA 504 first liens: its name and state.
| Book | Average loan |
|---|---|
| Construction and land development | $265K |
| Multifamily | $272K |
| Owner-occupied CRE | $397K |
| Non-owner-occupied CRE | $614K |
| Farmland | $318K |
| Commercial and industrial | $125K |
Programs on record: Federal Home Loan Bank member, Indianapolis district (FHFA).
Program lists that name this lender
Membership, not lending volume
- Listed by CDFI Fund: List of Certified CDFIs as: Certified CDFI (October 21, 2026). Certified by the CDFI Fund as a Community Development Financial Institution. Kind of institution: Credit Union. Certification: Certified by the CDFI Fund since 2026-07-23.
Being on a list says the lender is a member of that program on the date shown. It does not say how much it lends.
Where it lends
Offices beside loans on record
Capacity. Not a rating
Our calculation from public filings, as of June 30, 2026. Not a rating, and not a statement about safety or deposits.
| Measure | This lender | Its peers | How it is worked out | Source |
|---|---|---|---|---|
| Business loan cap | $306M | $194M to $543M across 8 peers | Estimate: the lesser of 1.75 times net worth or 12.25% of assets. Low-income designated credit unions and some others are exempt. Not a statement from the credit union. | NCUA 5300, 12 CFR 723.8, Jun 30, 2026 |
| Business loans outstanding | $650M | $169M to $759M across 8 peers | Net member business loans, as reported on Form 5300. | NCUA 5300, |
| Cap used | 212.4% | 76.1% to 253.4% across 8 peers | Business loans outstanding over the estimated cap. This credit union is designated low-income by NCUA and is exempt from the cap. | NCUA 5300, |
| Largest single borrower | $66.7M | $23.8M to $79.4M across 8 peers | Estimate: the greater of 15% of net worth or $100,000. Not a limit the credit union has stated. | NCUA 5300, 12 CFR 723.4, Jun 30, 2026 |
| CRE to net worth | 33.8% | 32.0% to 171.0% across 8 peers | (Construction + multifamily + non-owner-occupied CRE loans) divided by net worth. Our own ratio, not a regulatory test or limit. | NCUA 5300, |
| Loans to assets | 64.7% | 72.9% to 87.0% across 8 peers | Total loans divided by total assets. | NCUA 5300, |
Estimates use the formulas in 12 CFR 723. Low-income designated credit unions and some others are exempt from the cap.
Peers
Same kind of lender, similar size and book
| Lender | State | Total assets | Commercial book |
|---|---|---|---|
| Dort Financial Credit Union | MI | $2.44B | $604M |
| Consumers Credit Union | MI | $2.89B | $327M |
| Credit Union One | MI | $1.81B | $163M |
| United Credit Union | MI | $4.43B | $400M |
| Frankenmuth Credit Union | MI | $1.59B | $214M |
| Lake Trust Credit Union | MI | $2.88B | $531M |
| Honor Credit Union | MI | $1.88B | $241M |
| Community Choice Credit Union | MI | $2.12B | $507M |
What we don't know
- Whether it is taking new loans today, or on what terms.
- Who can join. A credit union lends only to its members, and field of membership decides who qualifies.
- Whether it makes multifamily loans. No HMDA multifamily loans are on file under this name for 2024 or 2025.
- Whether it takes brokers. No figure here means no evidence, not a refusal.
- Credit union concentration ratios here are our own calculation against net worth. They are not a regulatory test or limit. Originations are Jan-Jun 2026 year to date.
Check this page
Against the regulator's own record
- Name and charter. ELGA Credit Union, NCUA charter 61797. Compare it with the regulator's record. [NCUA profile]
- Balances. $2.50B in total assets and $375M in commercial loans held, from the NCUA 5300 for June 30, 2026. [Source]
- Loans made. 48 real-estate-secured commercial loans made in the first half of 2026, from your NCUA Form 5300, and 21 loans in HMDA and SBA files, through September 30, 2026: 10 HMDA 1-4 unit investor 2025, 1 SBA 7(a) in 36 months, 10 SBA 504 first liens in 36 months. [How each file was tied to ELGA Credit Union]
- Phone and website. Phone 810-715-3542, from the NCUA record. Website elgacu.com, from the NCUA record. [How to reach them]
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For the record
Data as of June 30, 2026. Page last changed November 12, 2026.
- Regulator
- NCUA and state regulator
- NCUA charter
- 61797
- RSSD
- 697594
- LEI
- 549300ORTZ3CWXPNL693
- The Lender Report ID
- lr_000728
- Main office county
- Genesee
- Members
- 117,160
- NCUA region
- 1 - Eastern
NCUA credit union details,
- Reported $2.5B in total assets as of June 30, 2026 (NCUA 5300).
- Held $374.9M of commercial and commercial real estate loans as of June 30, 2026 (NCUA 5300).
- Held $168.2M of owner-occupied commercial real estate loans as of June 30, 2026, up 151.4% from a year earlier (NCUA 5300).
- Held $112.5M of non-owner-occupied commercial real estate loans as of June 30, 2026, up 367.0% from a year earlier (NCUA 5300).
- Held $53.5M of commercial and industrial loans as of June 30, 2026, up 117.0% from a year earlier (NCUA 5300).
- Originated 10 1-4 unit investor or business-purpose loans totaling $1.6M in 2025 (HMDA).
6 more sentences
- Recorded 1 SBA 7(a) approval totaling $280K from October 1, 2023 to September 30, 2026 (SBA).
- Provided the first lien on 10 SBA 504 projects with $7.6M in first-lien dollars from October 1, 2023 to September 30, 2026 (SBA).
- Originated 48 real-estate-secured commercial loans totaling $34.6M in the first half of 2026 (NCUA 5300).
- Held $5.1M of nonmember commercial loans and participations as of June 30, 2026 (NCUA 5300).
- Listed 22 offices in 2 states (NCUA).
- Certified by the CDFI Fund as a Community Development Financial Institution. (CDFI Fund list, as of October 21, 2026).
Cite this
Source: The Lender Report, ELGA Credit Union, https://lender.report/lender/elga-credit-union-mi/, data as of June 30, 2026.
Sources
- NCUA 5300, June 30, 2026
- NCUA 5300, June 30, 2025
- HMDA, 2025
- SBA FOIA, September 30, 2026
- NCUA 5300, June 30, 2026
- CDFI Fund certified list, October 21, 2026
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Work at ELGA Credit Union? Claim this page, free.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem