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 3,245th largest credit union in the nation. It was established in 1960 and as of March of 2020, it had grown to 6 employees and 2,735 members at 1 location. Advantage One CU (IL) 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 Q1 2020
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 | 6 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.61% |
| Return on Equity - YTD | 5.86% |
| Annual Interest Income | $200.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2020vs Q1 2019 | $21.9MM$21.8MM |
| Loans | Q1 2020vs Q1 2019 | $11.4MM$12.9MM |
| Deposits | Q1 2020vs Q1 2019 | $19.6MM$19.7MM |
| Equity Capital | Q1 2020vs Q1 2019 | $2.3MM$2.1MM |
| Loan Loss Allowance | Q1 2020vs Q1 2019 | $229.00K$419.00K |
| Unbacked Noncurrent Loans | Q1 2020vs Q1 2019 | $242.00K$386.00K |
| Real Estate Owned | Q1 2020vs Q1 2019 | $87.00K$0 |