Overview / Commentary
Advantage One CU (IL) is headquartered in Morrison and is the 104th largest credit union in the state of Illinois. It is also the 3,292nd largest credit union in the nation. It was established in 1960 and as of September of 2019, it had grown to 7 employees and 2,781 members at 2 locations. Advantage One CU (IL)'s CD rates are 32% higher than the national average, and it has a C+ health rating.
Field of Membership Restrictions
Advantage One Credit Union is open to those who live, work, attend school or worship in Carroll, Bureau, Henry, Whiteside, Rock Island, Ogle or Lee counties in Illinois, or within a 35-mile radius of the main branch in Morrison, Illinois.
See current membership details
Health
C+
Data as of Q3 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 One CU (IL) has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 68343 |
| Year Chartered | 1960 |
| Employees | 7 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.66% |
| Return on Equity - YTD | 6.29% |
| Annual Interest Income | $696.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $20.9MM$20.6MM |
| Loans | Q3 2019vs Q3 2018 | $12.2MM$13.4MM |
| Deposits | Q3 2019vs Q3 2018 | $18.7MM$18.5MM |
| Equity Capital | Q3 2019vs Q3 2018 | $2.2MM$2.0MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $290.00K$465.00K |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $341.00K$379.00K |
| Real Estate Owned | Q3 2019vs Q3 2018 | $0$0 |