Advantage Credit Union (IA)

Overview / Commentary
121 W 3rd St N
Newton, IA 50208-3040

Advantage Credit Union (IA) is headquartered in Newton and is the 29th largest credit union in the state of Iowa. It is also the 1,967th largest credit union in the nation. It was established in 1937 and as of December of 2018, it had grown to 13 employees and 5,880 members at 1 location. Advantage Credit Union (IA)'s money market rates are 3X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership to Advantage CU is available to anyone who resides or works in these counties: Boone, Story, Marshall, Tama, Benton, Polk, Jasper, Poweshiek, Iowa, Warren, Marion, Marshall, Mahska, Keokuk, Lucas, Monroe, Wapello, Appanoose, and Davis.
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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Advantage Credit Union (IA) has a relatively low asset base.

Health Grade Components

NCUA #64030
Year Chartered1937
Primary Regulator
Profit Margin
Return on Assets - YTD1.24%
Return on Equity - YTD7.25%
Annual Interest Income$2.6MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$70.1MM$68.6MM
LoansQ4 2018vs Q4 2017$35.5MM$34.8MM
DepositsQ4 2018vs Q4 2017$57.5MM$56.8MM
Equity CapitalQ4 2018vs Q4 2017$11.8MM$11.0MM
Loan Loss AllowanceQ4 2018vs Q4 2017$766.00K$594.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$442.00K$442.00K
Real Estate OwnedQ4 2018vs Q4 2017$40.00K$53.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Advantage Credit Union (IA) Savings Account Rates

0.95%--IRA Savings
0.95%$100-Roth IRA Savings
0.85%$100-Coverdell ESA
0.60%*$15k*-Health Savings Account
OTHER TIERS: 0.45% $100 - $5k | 0.50% $5k - $15k
0.45%*$2k*-Prime Share Account
OTHER TIERS: 0.20% $25 - $2k
0.45%$1-Golden Share Account
0.45%$1-Christmas Club Account
0.45%$1-Vacation Club Account

Advantage Credit Union (IA) Money Market Rates

1.10%*$100k*-Money Market Account
OTHER TIERS: 0.70% $5k - $25k | 0.80% $25k - $50k | 0.90% $50k - $100k

Advantage Credit Union (IA) Checking Account Rates

0.40%*$50k*-Advantage Plus Checking
OTHER TIERS: 0.15% $2k - $5k | 0.20% $5k - $15k | 0.30% $15k - $30k | 0.35% $30k - $50k

Advantage Credit Union (IA) CD Rates

2.45%*$100k*-36 Month Term Share Account
OTHER TIERS: 2.20% $1k - $50k | 2.35% $50k - $100k
2.35%*$100k*-24 Month Term Share Account
OTHER TIERS: 1.75% $1k - $50k | 2.15% $50k - $100k
1.75%*$100k*-12 Month Term Share Account
OTHER TIERS: 1.20% $1k - $50k | 1.65% $50k - $100k
1.10%*$100k*-6 Month Term Share Account
OTHER TIERS: 0.80% $1k - $50k | 0.90% $50k - $100k

Advantage Credit Union (IA) Locations
Branch Office121 W 3rd St NNewton, IA 50208-3040

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