Overview / Commentary
Advantage Credit Union is headquartered in Ontario and is the 117th largest credit union in the state of Ohio. It is also the 2,668th largest credit union in the nation. It was established in 1961 and as of December of 2019, it had grown to 9 employees and 5,250 members at 1 location. Advantage Credit Union has a B health rating.
Field of Membership Restrictions
The option of membership to Advantage Credit Union is open to all residents, church members, students, or anyone who works in Richland County, Ohio. You are required to make a $5. deposit into a savings account to gain a lifetime membership.
See current membership details
Health
B
Data as of Q4 2019
Learn why bank health mattersAdditional 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 has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 61383 |
| Year Chartered | 1961 |
| Employees | 9 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.7% |
| Return on Equity - YTD | 7.15% |
| Annual Interest Income | $1.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $35.8MM$37.1MM |
| Loans | Q4 2019vs Q4 2018 | $21.1MM$23.3MM |
| Deposits | Q4 2019vs Q4 2018 | $32.2MM$33.9MM |
| Equity Capital | Q4 2019vs Q4 2018 | $3.5MM$3.1MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $140.00K$150.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $51.00K$63.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |