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877-874-6943
3064 S. Ohio Street
Michigan City, IN 46360

Members Advantage Credit Union (IN) is headquartered in Michigan City and is the 39th largest credit union in the state of Indiana. It is also the 1,611st largest credit union in the nation. It was established in 1962 and as of December of 2013, it had grown to 27 employees and 8,657 members. Members Advantage Credit Union (IN) has a B+ health rating.

Field of Membership Restrictions

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

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Health

Data for Q4 2013

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. Members Advantage Credit Union (IN) has a relatively low asset base.

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 Members Advantage Credit Union (IN) had $413,000 in non-current loans and owned real-estate with $9.46 million in equity and loan loss allowances on hand to cover it. This gives Members Advantage Credit Union (IN) a Texas Ratio of 4.37% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B

The Texas Ratio for Members Advantage Credit Union (IN) decreased slightly from 5.11% as of December 31, 2012 to 4.37% as of December 31, 2013, resulting in a positive change of 14.66%.This indicates that the balance sheet and financial strength for Members Advantage Credit Union (IN) has improved slightly in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Members Advantage Credit Union (IN) has increased its total deposits by $1.7 million, resulting in 2.24% 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.

Capitalization

GRADE:
B+

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 $87.77 million in assets with $9.46 million in equity, resulting in a capitalization level of 10.78%, which is above average.

Institution Statistics

Overall
NCUA #68242
Year Chartered1962
Employees27
Primary Regulator
Assets and Liabilities
Assets$87.77 million
Loans$37.70 million
Deposits$77.63 million
Equity Capital$9.27 million
Loan Loss Allowance$187,000
Unbacked Noncurrent Loans$413,000
Real Estate Owned$0
Historic Data - December 2012
Assets$85.31 million
Equity Capital$9.08 million
Loan Loss Allowance$230,000
Unbacked Noncurrent Loans$413,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.41%
Return on Assets0.22%
Return on Equity2.12%
Interest Income$2.54 million
Rates

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

Members Advantage Credit Union (IN) Savings Account Rates

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

Members Advantage Credit Union (IN) Money Market Rates

DetailsAPYMINMAXPRODUCT
0.35%$50k-Max Money Market

Members Advantage Credit Union (IN) Checking Account Rates

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

Members Advantage Credit Union (IN) CD Rates

DetailsAPYMINMAXPRODUCT
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

DetailsAPYMINMAXPRODUCT
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
Locations


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