Average User Rating:
2 star rating based on 1 review.

Advantis Credit Union

10501 SE Main St Ste 300
Milwaukie, OR 97222
503-785-2528
www.advantiscu.org

NCUA

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Advantis Credit Union is headquartered in Portland and is the 4^th largest credit union in the state of Oregon. It is also the 200^th largest credit union in the nation. It was established in 1928 and as of December of 2012, it had grown to 134 employees and 49,491 members. Advantis Credit Union's savings rates are 6X the national average, and it boasts a 5-star health rating.

Advantis Credit Union Routing Number: 323075097

Advantis Credit Union RCA (3%APY, $25K) To (2.25%APY, $25K) (Forum) - 5/1/2013

The rate for Advantis Credit Union's Fusion Checking has dropped to 2.25%. In a rare move, the credit union increased the rate for this account in July 2012 from 2% to 3%.

Rare Reward Checking Rate Hike at Advantis Credit Union in Oregon - 7/10/2012

With so many banks and credit unions cutting their reward checking rates, I thought it would be a nice change to highlight a credit union which did the opposite. On July 1st Advantis Credit Union incr ...

Advantis CU Increases RCA Rate From (2%APY $25K) To (3%APY $25K) Effective 7/1 (Forum) - 7/2/2012

Requirements: use your debit card at least 12 times; receive your statement via eStatements; sign in to Online Banking and have at least one Direct Deposit or ACH debit transaction to your Fusion Account Membership is open to individuals who live o

Advantis Credit Union Drops Cap To 25K (Forum) - 11/16/2011

They dropped their cap on fusion reward checking from 30k to 25k. The rate is still 2%. I have emailed them to see if previous members are grandfathered into the 30k cap since I did not get any notification of the change from them.

2009

2008

4/24 - 4.40% 5-Month / 4.20% 10-Month CD at an Oregon CU (Advantis)

2007

10/8 - 3.00% Reward Checking Account at an Oregon CU (Advantis)

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See Rates for: Checking | Savings | Money Market | CD | IRA

Advantis Credit Union Checking Account Rates

Apy	Min	Max	Product
2.25%	-	$25k	Fusion Checking
0.60%	$250k	-	Platinum Checking
0.20%	$50k	-	Interest Checking
0.20%	$50k	-	Business Solutions Checking

Advantis Credit Union Savings Account Rates

Apy	Min	Max	Product
3.30%	$250k	-	Deferred Compensation Account
2.00%	$10k	-	HSA Interest Checking
1.50%	$50k	-	Premium ESA Savings
1.50%	$50k	-	Premium Roth IRA Savings
1.50%	$50k	-	Premium IRA Savings
0.30%	$50k	-	IRA Savings
0.30%	$50k	-	Roth IRA Savings
0.30%	$50k	-	ESA Savings
0.20%	$10k	-	Regular Savings
0.20%	$10k	-	Tax Account
0.20%	-	-	Youth Account
0.20%	$10k	-	Business Savings
0.20%	$10k	-	Holiday Account

Advantis Credit Union Money Market Rates

Apy	Min	Max	Product
0.80%	$250k	-	Premium Money Market
0.80%	$250k	-	Business Premium Money Market
0.30%	$50k	-	Standard Money Market
0.30%	$50k	-	Business Standard Money Market

Advantis Credit Union CD Rates

Apy	Min	Max	Product
1.20%	$100k	-	24 - 36 Month CD
1.20%	$100k	-	Business 24 - 36 Month CD
1.10%	$500	-	24 - 36 Month HSA Certificates
0.80%	$100k	-	13 Month Bump CD
0.80%	$500	-	12 - 23 Month HSA Certificates
0.80%	$100k	-	Business 13 Month Bump Rate Special CD
0.70%	$100k	-	12 - 23 Month CD
0.70%	$100k	-	Business 12 - 23 Month CD
0.50%	$100k	-	6 - 11 Month CD
0.50%	$500	-	6 - 11 Month HSA Certificates
0.50%	$100k	-	Business 6 - 11 Month CD

Advantis Credit Union IRA Rates

Apy	Min	Max	Product
1.20%	$100k	-	24 - 36 Month IRA
1.20%	$100k	-	24 - 36 Month Roth IRA
1.20%	$100k	-	24 - 36 Month CESA
0.70%	$100k	-	12 - 23 Month IRA
0.70%	$100k	-	12 - 23 Month Roth IRA
0.70%	$100k	-	12 - 23 Month CESA
0.50%	$100k	-	6 - 11 Month IRA
0.50%	$100k	-	6 - 11 Month Roth IRA
0.50%	$100k	-	6 - 11 Month CESA

Rates updated: 5/22/2013

Data for Q4 2012

Institution Statistics

ADVANTIS
NCUA #	62659
BankRate Report	View
Year Chartered	1928
Employees	134
Primary Regulator
Assets and Liabilities
Assets	$987.83 million
Loans	$728.01 million
Deposits	$866.23 million
Equity Capital	$96.84 million
Loan Loss Allowance	$3.95 million
Unbacked Noncurrent Loans	$2.16 million
Real Estate Owned	$172,000
Historic Data - December 2011
Assets	$864.53 million
Equity Capital	$81.06 million
Loan Loss Allowance	$6.30 million
Unbacked Noncurrent Loans	$3.93 million
Real Estate Owned	$1.30 million
Profit Margin - Quarterly
Net Interest Margin	4.49%
Return on Assets	1.45%
Return on Equity	14.8%
Interest Income	$34.77 million
Non-Interest Income	$11.07 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Advantis Credit Union had $2.33 million in non-current loans and owned real-estate with $100.79 million in equity and loan loss allowances on hand to cover it. This gives Advantis Credit Union a Texas Ratio of 2.31% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Advantis Credit Union decreased significantly from 5.99% as of December 31, 2011 to 2.31% as of December 31, 2012, resulting in a positive change of 61.33%.This indicates that the balance sheet and financial strength for Advantis Credit Union has improved significantly in recent periods.
Deposit Growth
In the past year, Advantis Credit Union has increased its total deposits by $99.65 million, resulting in 13% 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 Advantis Credit Union has shown is excellent.
Capitalization
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. Advantis Credit Union has $987.83 million in assets with $100.79 million in equity, resulting in a capitalization level of 10.20%, which is above average.

Not Good For Couples Or Multiple Account Holders
2 stars

- michaelo - Saturday, March 3, 2012 - 6:40 PM

My wife and I are in the process of closing our two FUSION checking accounts with Advantis because they have become more rule-bound and impersonal than any of the three other local credit unions or two large, national banks that we also do business with currently. We're moving the majority of our cash deposits back to Point West Credit Union, which by the way, currently offers higher rates of return (2.5%) with easier and fewer requirements in their version of "fusion" accounts...

It is unfortunate because we originally liked our relationship with Advantis. However, like what we found years ago with Onpoint/Portland Teachers, when Advantis started their expansion and building/developing their own branches, it seems the organization began getting a bit too full of themselves. Also like what we saw with PTCU, after this began, the competitiveness of their service and products really started to drop off.

In particular, we think couples with multiple accounts really should examine the local market beyond Advantis. Why? We found that Advantis' policies are discriminatory against couples with multiple accounts.

For example: To gain the higher rate of interest in their FUSION account (currently 2%), one of the requirements is to complete 12 ATM-based transactions each "statement" cycle. They give one exception, one time, no matter how many accounts you have.

So, if you are an individual member with one FUSION account, you get one exception.   Interestingly however, this one exception also applies to couples (two members) who, like us, had two FUSIONS accounts. So, one of our accounts got this exception, the other was never even eligible for an exception. Why not?

If you are single and opening one FUSION account, Advantis is probably an OK option-- particularly if their branches are convenient for you. Their staff are nice and helpful.

If you're a couple and want or need multiple accounts -- definitely look elsewhere. There currently are better options in Portland.   Besides, it seems that Advantis' management is looking to attract and retain a customer base other than you anyway.