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866-993-2328
550 S. Riverview Dr.
Parchment, MI 49004

Advia Credit Union is headquartered in Parchment and is the 10st largest credit union in the state of Michigan. It is also the 308th largest credit union in the nation. It was established in 1938 and as of December of 2013, it had grown to 217 employees and 73,740 members. Advia Credit Union's savings rates are 44% higher than the national average, and it boasts a A+ health rating.

Field of Membership Restrictions

You must be a resident of the lower peninsula of Michigan or reside in Green County, Rock County or Walworth County of Wisconsin or Winnebago County of Illinois in order to be eligible for membership at Advia Credit Union - See Details

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Reviews (3)

My Post Is Above About The Issues After My Husband's Death.

Things were pretty much settled by the end of the year, before the 6 months was up with no NCUA insurance. They did continue to give the children the high interest rate until the CD's matured giving the children time to decide what and if and where they wanted have the IRA's moved to. We had 4 credit unions and banks to go through and this one is the only one that seemed not to know what to do.

First Community Credit Union Parchment Michigan

My husband passed 2 months ago. I was just able to start on changing the bank accounts. Went to Flagstar Bank and they were wonderful. Went to First Community Credit Union in Parchment Michigan (THE MAIN OFFICE) and wanted to transfer my husbands Roth IRA's into my name and was told that I could not, even though I am the primary beneificiary because the money was not from my work earnings and I had to cash them out and I could put them in regular CD's if I wanted. I COULD NOT BELIEVE MY EARS. Her name was Jessica. I then told her it did not matter but the money was from my work earnings because my husband was disabled and these were spousal IRA's. Then I was told I could not take out the RMD from the traditional IRA, (even though they did it for my sister in law when my brother died and for my brother in law when my sister died. I would have to take the RMD out when I cashed in the IRA. They also told me I could not disclaim the traditional IRA even though their disclosure says I can. They told me if I cashed it in I still could not change the beneficiary on the accounts or the ones I have with them. The IRA's must all be left to the same person. I cannot leave one IRA to one son and the other to the other son and have their wives as contingent beneficiaries. They wanted the death certificate and I would not give it to them because they did not know what they were talking about. I did not want the IRA's cashed in. When I spoke to someone else they also said I could not disclaim and that it would take 2-3 months to cash in the IRA CD's. They have an estate planning attorney on their board Danielle Streed and I cannot believe that this is going on. SOMEONE NEEDS TRAINING. They also said they do not have many IRA CD's there even though my brother in law, sister in law and a few friends do.

Of course I called then emailed a formal complaint to NCUA. Hope this gets fixed soon.

Great Credit Union, Many Options. Online Banking. Great Rates.

Great place to do you banking.



Health

Data for Q4 2013

Institution Health

A+

Texas Ratio

GRADE:
A+

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, 2013 Advia Credit Union had $5.21 million in non-current loans and owned real-estate with $88.76 million in equity and loan loss allowances on hand to cover it. This gives Advia Credit Union a Texas Ratio of 5.87% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Advia Credit Union experienced no significant changes from 6.36% as of December 31, 2012 to 5.87% as of December 31, 2013, resulting in a positive change of 7.68%.This indicates that the balance sheet and financial strength for Advia Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Advia Credit Union has increased its total deposits by $35.54 million, resulting in 6.06% 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 Advia Credit Union has shown is excellent.

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. Advia Credit Union has $717.49 million in assets with $88.76 million in equity, resulting in a capitalization level of 12.37%, which is excellent.

Institution Statistics

Overall
NCUA #2885
Year Chartered1938
Employees217
Primary Regulator
Assets and Liabilities
Assets$717.49 million
Loans$405.83 million
Deposits$621.83 million
Equity Capital$86.76 million
Loan Loss Allowance$2.00 million
Unbacked Noncurrent Loans$4.62 million
Real Estate Owned$590,000
Historic Data - December 2012
Assets$682.40 million
Equity Capital$85.80 million
Loan Loss Allowance$1.87 million
Unbacked Noncurrent Loans$4.62 million
Real Estate Owned$2.03 million
Profit Margin - Quarterly
Net Interest Margin3.94%
Return on Assets0.51%
Return on Equity4.21%
Interest Income$23.89 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Advia Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Advia Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.75%$500-IRA Savings
0.75%$500-Member Advantage Program IRA Savings
0.45%--Holiday Club
0.45%--Member Advantage Program Holiday Club
0.20%$500-Share Savings
0.20%--Youth Savings
0.20%$500-Business Savings
0.20%$500-Member Advantage Program Share Savings
0.20%--Member Advantage Program Youth Savings
0.20%$500-Member Advantage Program Secondary Savings
0.20%$500-Secondary Savings

Advia Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.60%$75k-Member Advantage Program Money Market Savings
0.50%$75k-Money Market Savings
0.40%$75k-Money Market Checking
0.40%$75k-Business Money Market Savings
0.40%$75k-Member Advantage Program Money Market Checking

Advia Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
1.00%$500-Member Advantage Program Regular Checking
0.75%$50k-Interest Business Checking
0.10%$500$25kRegular Checking

Advia Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.95%$300-60 Month Promotional Member Advantage Program CD
1.85%$300-60 Month Promotional CD
1.61%$300-60 Month Member Advantage Program CD
1.50%$300-60 Month CD
1.40%$300-48-59 Month Member Advantage Program CD
1.30%$300-48-59 Month CD
1.05%$300-36-47 Month Member Advantage Program CD
0.95%$300-36-47 Month CD
0.75%$300-24-35 Month Member Advantage Program CD
0.65%$300-24-35 Month CD
0.55%$300-12 Month Member Advantage Program CD
0.50%$50-24 Month EZ Saver Certificate
0.45%$300-12 Month CD
0.40%$300-6-11 Month Member Advantage Program CD
0.30%$300-6-11 Month CD
0.30%$300-3-5 Month Member Advantage Program CD
0.30%$50-12 Month EZ Saver Certificate
0.20%$300-3-5 Month CD
0.15%$50-6 Month EZ Saver Certificate

Advia Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.76%$1k-60 Month Member Advantage Program IRA (Traditional,CESA,Roth)
1.65%$1k-60 Month IRA (Traditional,Roth,CESA)
1.55%$1k-48-59 Month Member Advantage Program IRA (Traditional,CESA,Roth)
1.46%$1k-48-59 Month IRA (Traditional,Roth,CESA)
1.20%$1k-36-47 Month Member Advantage Program IRA (Traditional,CESA,Roth)
1.10%$1k-36-47 Month IRA (Traditional,Roth,CESA)
0.90%$1k-24-35 Month Member Advantage Program IRA (Traditional,CESA,Roth)
0.80%$1k-24-35 Month IRA (Traditional,Roth,CESA)
0.70%$1k-12 Month Member Advantage Program IRA (Traditional,CESA,Roth)
0.60%$1k-12 Month IRA (Traditional,Roth,CESA)
0.55%$1k-6-11 Month Member Advantage Program IRA (Traditional,CESA,Roth)
0.45%$1k-6-11 Month IRA (Traditional,Roth,CESA)
0.45%$1k-3-5 Month Member Advantage Program IRA (Traditional,CESA,Roth)
0.35%$1k-3-5 Month IRA (Traditional,Roth,CESA)
Locations

Advia Credit Union has 18 locations. Click to view all Advia Credit Union locations.