Advia Credit Union is headquartered in Parchment and is the 9th largest credit union in the state of Michigan. It is also the 184th largest credit union in the nation. It was established in 1935 and as of September of 2016, it had grown to 352 employees and 130,376 members at 26 locations. Advia Credit Union has an A health rating.
Membership in Advia Credit Union is open to those who live in Michigan's Lower Peninsula, the Illinois county of Winnebago, or in the Wisconsin counties of Dane, Green, Jefferson, Milwaukee, Rock, Walworth, or Waukesha.
See current membership details
Our family has been banking with First Community for around eleven years. We have discussed multiple times switching to more technologically savvy banks that came out with iphone apps three years sooner, mobile check deposits two years faster and streamlined online banking lightyears ahead of the crowd, but we stuck with Advia. In return we have been constantly rewarded with the same persistent average customer service and banking services. First Community is not a bad bank by any stretch of the imagination because they offer just enough - middle of the road checking, savings and business accounts, no fee atms, debit cards and 24 hour help for lost or stolen checking - but they never go that extra mile.
Maybe we have never gone to another bank because we know it's a huge pain to move all of our accounts, so First Community is just that bank that is not spectacular, but not failing either.
Things were pretty much settled by the end of the year, before the 6 months was up with no NCUA insurance. They did continue to give the children the high interest rate until the CD's matured giving the children time to decide what and if and where they wanted have the IRA's moved to. We had 4 credit unions and banks to go through and this one is the only one that seemed not to know what to do.
My husband passed 2 months ago. I was just able to start on changing the bank accounts. Went to Flagstar Bank and they were wonderful. Went to First Community Credit Union in Parchment Michigan (THE MAIN OFFICE) and wanted to transfer my husbands Roth IRA's into my name and was told that I could not, even though I am the primary beneificiary because the money was not from my work earnings and I had to cash them out and I could put them in regular CD's if I wanted. I COULD NOT BELIEVE MY EARS. Her name was Jessica. I then told her it did not matter but the money was from my work earnings because my husband was disabled and these were spousal IRA's. Then I was told I could not take out the RMD from the traditional IRA, (even though they did it for my sister in law when my brother died and for my brother in law when my sister died. I would have to take the RMD out when I cashed in the IRA. They also told me I could not disclaim the traditional IRA even though their disclosure says I can. They told me if I cashed it in I still could not change the beneficiary on the accounts or the ones I have with them. The IRA's must all be left to the same person. I cannot leave one IRA to one son and the other to the other son and have their wives as contingent beneficiaries. They wanted the death certificate and I would not give it to them because they did not know what they were talking about. I did not want the IRA's cashed in. When I spoke to someone else they also said I could not disclaim and that it would take 2-3 months to cash in the IRA CD's. They have an estate planning attorney on their board Danielle Streed and I cannot believe that this is going on. SOMEONE NEEDS TRAINING. They also said they do not have many IRA CD's there even though my brother in law, sister in law and a few friends do.
Of course I called then emailed a formal complaint to NCUA. Hope this gets fixed soon.
|Return on Assets - YTD||0.82%|
|Return on Equity - YTD||7.05%|
|Annual Interest Income||$36.0MM|
|Assets and Liabilities|
|Assets||Q3 2016vs Q3 2015||$1.34B$1.14B|
|Loans||Q3 2016vs Q3 2015||$1.05B$744.4MM|
|Deposits||Q3 2016vs Q3 2015||$1.09B$970.6MM|
|Equity Capital||Q3 2016vs Q3 2015||$149.4MM$139.1MM|
|Loan Loss Allowance||Q3 2016vs Q3 2015||$7.7MM$5.8MM|
|Unbacked Noncurrent Loans||Q3 2016vs Q3 2015||$11.5MM$10.0MM|
|Real Estate Owned||Q3 2016vs Q3 2015||$849.00K$985.00K|
Rates for Advia Credit Union are currently being reviewed.