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821-231-7900
1122 N Fruitridge Ave
Terre Haute, IN 47804

Advantageplus Of Indiana Credit Union is headquartered in Terre Haute and is the 94th largest credit union in the state of Indiana. It is also the 3,567th largest credit union in the nation. It was established in 1953 and as of March of 2014, it had grown to 8 employees and 5,998 members. Advantageplus Of Indiana Credit Union's savings rates are 25% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

AdvantagePlus of Indiana FCU is federally chartered and serves Persons who live, work, worship, or attend school in, and businesses and other legal entities located in Vigo County, Indiana. - See Details

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Health

Data for Q1 2014

Institution Health

B
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Advantageplus Of Indiana Credit Union has a low asset base.

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Advantageplus Of Indiana Credit Union had $198,000 in non-current loans and owned real-estate with $3.21 million in equity and loan loss allowances on hand to cover it. This gives Advantageplus Of Indiana Credit Union a Texas Ratio of 6.17% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Advantageplus Of Indiana Credit Union decreased dramatically from 11.16% as of March 31, 2013 to 6.17% as of March 31, 2014, resulting in a positive change of 44.70%.This indicates that the balance sheet and financial strength for Advantageplus Of Indiana Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Advantageplus Of Indiana Credit Union has decreased its total deposits by $-604,000, resulting in -3.5% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Advantageplus Of Indiana Credit Union has shown is below average.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Advantageplus Of Indiana Credit Union has $19.71 million in assets with $3.21 million in equity, resulting in a capitalization level of 16.27%, which is excellent.

Institution Statistics

Overall
NCUA #8925
Year Chartered1953
Employees8
Primary Regulator
Assets and Liabilities
Assets$19.71 million
Loans$15.06 million
Deposits$16.64 million
Equity Capital$3.01 million
Loan Loss Allowance$198,000
Unbacked Noncurrent Loans$159,000
Real Estate Owned$39,000
Historic Data - March 2013
Assets$20.07 million
Equity Capital$2.77 million
Loan Loss Allowance$173,000
Unbacked Noncurrent Loans$159,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.5%
Return on Assets0.89%
Return on Equity5.85%
Interest Income$246,000
Rates
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Advantageplus Of Indiana Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.65%--Roth IRA
0.50%$25k-Regular Shares
0.50%$25k-Special Shares
0.50%--IRA Share
0.50%--Coverdell IRA Share
0.30%--Christmas Club

Advantageplus Of Indiana Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.75%$500-36 Month Share Certificate
0.60%$500-24 Month Share Certificate
0.50%$500-12 Month Share Certificate
0.40%$500-6 Month Share Certificate

Advantageplus Of Indiana Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.25%$500-36 Month IRA Certificate
0.65%$500-18 Month IRA Certificate
Locations


Advantageplus Of Indiana Credit Union Locations
Branch Office1122 N Fruitridge AveTerre Haute, IN 47804