Advantage Credit Union (IA)

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

Advantage Credit Union (IA) is headquartered in Newton and is the 25th largest credit union in the state of Iowa. It is also the 1,810th largest credit union in the nation. It was established in 1937 and as of June of 2022, it had grown to 17 employees and 6,636 members at 1 location. Advantage Credit Union (IA) has an A 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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Health Grade Components

NCUA #64030
Year Chartered1937
Primary Regulator
Profit Margin
Return on Assets - YTD1.08%
Return on Equity - YTD7.53%
Annual Interest Income$1.7MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$102.5MM$95.3MM
LoansQ2 2022vs Q2 2021$57.1MM$45.8MM
DepositsQ2 2022vs Q2 2021$86.7MM$81.5MM
Equity CapitalQ2 2022vs Q2 2021$14.7MM$13.1MM
Loan Loss AllowanceQ2 2022vs Q2 2021$654.00K$647.00K
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$727.00K$76.00K
Real Estate OwnedQ2 2022vs Q2 2021$0$0

Rates for Advantage Credit Union (IA) are currently being reviewed.


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

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