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Overview / Commentary
3064 Ohio St
Michigan City, IN 46360-6866

Members Advantage Credit Union (IN) is headquartered in Michigan City and is the 38th largest credit union in the state of Indiana. It is also the 1,612st largest credit union in the nation. It was established in 1962 and as of March of 2014, it had grown to 28 employees and 8,659 members. Members Advantage Credit Union (IN) has a A health rating.

Field of Membership Restrictions

Must live or work in La Porte, Lake or Porter County. - See Details

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Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Members Advantage Credit Union (IN) has a relatively low asset base.

Texas Ratio


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 Members Advantage Credit Union (IN) had $249,000 in non-current loans and owned real-estate with $9.45 million in equity and loan loss allowances on hand to cover it. This gives Members Advantage Credit Union (IN) a Texas Ratio of 2.63% 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 Members Advantage Credit Union (IN) decreased dramatically from 4.38% as of March 31, 2013 to 2.63% as of March 31, 2014, resulting in a positive change of 39.85%.This indicates that the balance sheet and financial strength for Members Advantage Credit Union (IN) has improved dramatically in recent periods.

Deposit Growth


In the past year, Members Advantage Credit Union (IN) has increased its total deposits by $927,000, resulting in 1.15% 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 Members Advantage Credit Union (IN) has shown is above average.



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. Members Advantage Credit Union (IN) has $90.86 million in assets with $9.45 million in equity, resulting in a capitalization level of 10.40%, which is above average.

Institution Statistics

NCUA #68242
Year Chartered1962
Primary Regulator
Assets and Liabilities
Assets$90.86 million
Loans$37.20 million
Deposits$81.19 million
Equity Capital$9.32 million
Loan Loss Allowance$133,000
Unbacked Noncurrent Loans$249,000
Real Estate Owned$0
Historic Data - March 2013
Assets$89.72 million
Equity Capital$9.09 million
Loan Loss Allowance$200,000
Unbacked Noncurrent Loans$249,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.16%
Return on Assets0.2%
Return on Equity1.97%
Interest Income$618,000

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Members Advantage Credit Union (IN) Savings Account Rates

0.15%$25k-Advantage Savings
0.15%--IRA Savings
0.10%$50-Regular Savings

Members Advantage Credit Union (IN) Money Market Rates

0.35%$50k-Max Money Market

Members Advantage Credit Union (IN) Checking Account Rates

0.15%$20k-Advantage Checking
0.05%--Checking with Interest

Members Advantage Credit Union (IN) CD Rates

0.85%$1k-48 Month Share Certificate
0.85%$1k-54 Month Share Certificate
0.85%$1k-60 Month Share Certificate
0.50%$1k-36 Month Share Certificate
0.50%$1k-42 Month Share Certificate
0.20%$1k-30 Month Share Certificate
0.10%$1k-12 Month Share Certificate
0.10%$1k-18 Month Share Certificate
0.10%$1k-24 Month Share Certificate
0.01%$1k-6 Month Share Certificate
0.01%$1k-8 Month Share Certificate

Members Advantage Credit Union (IN) IRA Rates

0.85%$1k-48 Month IRA Certificate
0.85%$1k-54 Month IRA Certificate
0.85%$1k-60 Month IRA Certificate
0.50%$1k-36 Month IRA Certificate
0.50%$1k-42 Month IRA Certificate
0.20%$1k-30 Month IRA Certificate
0.10%$1k-12 Month IRA Certificate
0.10%$1k-18 Month IRA Certificate
0.10%$1k-24 Month IRA Certificate
0.01%$1k-6 Month IRA Certificate
0.01%$1k-8 Month IRA Certificate

Members Advantage Credit Union (IN) Locations
Branch Office947 s Woodland AveMichigan City, IN 46360-5672
Branch Office6170 US Highway 6Portage, IN 46368
Branch Office3064 Ohio StMichigan City, IN 46360-6866