Credit Union Advantage


Overview / Commentary
248-996-6070
22250 Providence Dr
Southfield, MI 48075

Credit Union Advantage is headquartered in Southfield and is the 166th largest credit union in the state of Michigan. It is also the 2,863rd largest credit union in the nation. It was established in 1969 and as of June of 2019, it had grown to 8 employees and 2,499 members at 1 location. Credit Union Advantage has a B+ health rating.

Field of Membership Restrictions

Credit Union Advantage is to those who live or work in Wayne, Macomb, or Oakland counties, and to members or employees of employer groups that are located within a 25-mile radius of the credit union's Southfield offce.
See current membership details

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Health
B+
Additional 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. Credit Union Advantage has a low asset base.

Health Grade Components

Overall
NCUA #62517
Year Chartered1969
Employees8
Primary Regulator
Profit Margin
Return on Assets - YTD0.81%
Return on Equity - YTD7.11%
Annual Interest Income$478.00K
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$30.8MM$30.0MM
LoansQ2 2019vs Q2 2018$8.6MM$8.7MM
DepositsQ2 2019vs Q2 2018$26.9MM$26.6MM
Equity CapitalQ2 2019vs Q2 2018$3.5MM$2.9MM
Loan Loss AllowanceQ2 2019vs Q2 2018$188.00K$152.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$118.00K$341.00K
Real Estate OwnedQ2 2019vs Q2 2018$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Credit Union Advantage; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Credit Union Advantage Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%$100-Individual Retirement Account
0.16%$100-Christmas Club
0.10%$100-Regular Shares
0.10%$5-Penny Savers
0.10%$5-Teen Advantage Savings
0.00%*--Kasasa Saver
OTHER TIERS: 0.25% $20k+

Credit Union Advantage Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$50k*-Money Market Account
OTHER TIERS: 0.15% $500 - $2k | 0.20% $2k - $10k | 0.22% $10k - $50k

Credit Union Advantage Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.12%$1k-Club 55
0.12%$1.5k-Advanced Preferred Checking
0.00%*--Kasasa Cash
OTHER TIERS: 0.24% $10k+

Credit Union Advantage CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.06%$25k-60 Month Jumbo CD
1.95%$500-60 Month CD
1.75%$25k-48 Month Jumbo CD
1.65%$500-48 Month CD
1.45%$25k-36 Month Jumbo CD
1.35%$25k-30 Month Jumbo CD
1.35%$500-36 Month CD
1.25%$500-30 Month CD
1.15%$25k-24 Month Jumbo CD
1.05%$25k-18 Month Jumbo CD
1.05%$500-24 Month CD
0.95%$500-18 Month CD
0.94%$25k-12 Month Jumbo CD
0.85%$500-12 Month CD
0.60%$25k-6 Month Jumbo CD
0.50%$500-6 Month CD
0.02%$500-3 Month CD

Credit Union Advantage IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.95%$500$25k60 Month IRA Certificate
1.95%$25k-60 Month Jumbo IRA Certificate
1.65%$500$25k48 Month IRA Certificate
1.65%$25k-48 Month Jumbo IRA Certificate
1.35%$500$25k36 Month IRA Certificate
1.35%$25k-36 Month Jumbo IRA Certificate
1.25%$500$25k30 Month IRA Certificate
1.25%$25k-30 Month Jumbo IRA Certificate
1.05%$500$25k24 Month IRA Certificate
1.05%$25k-24 Month Jumbo IRA Certificate
0.95%$500$25k18 Month IRA Certificate
0.95%$25k-18 Month Jumbo IRA Certificate
0.85%$500$25k12 Month IRA Certificate
0.85%$25k-12 Month Jumbo IRA Certificate
Locations


Credit Union Advantage Locations
Branch Office22250 Providence DrSouthfield, MI 48075-4825

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