Overview / Commentary
Advantage One Credit Union is headquartered in Brownstown and is the 72nd largest credit union in the state of Michigan. It is also the 1,187th largest credit union in the nation. It was established in 1952 and as of June of 2022, it had grown to 56 employees and 16,986 members at 3 locations. Advantage One Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership is open to those who live, work, worship in, or attend school in the Southeast Michigan counties of Clinton, Eaton, Genesee, Hillsdale, Ingham, Jackson, Lapeer, Lenewee, Livingston, Macomb, Monroe, Oakland, Shiawassee, St. Clair, Washtenaw, or Wayne
See current membership details
Health
B+
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68679 |
| Year Chartered | 1952 |
| Employees | 56 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.19% |
| Return on Equity - YTD | 15.75% |
| Annual Interest Income | $3.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $223.4MM$207.6MM |
| Loans | Q2 2022vs Q2 2021 | $146.8MM$119.9MM |
| Deposits | Q2 2022vs Q2 2021 | $204.9MM$187.4MM |
| Equity Capital | Q2 2022vs Q2 2021 | $16.8MM$18.5MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $654.00K$894.00K |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $747.00K$613.00K |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |