Credit Union Advantage

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	HOW THEY COMPARE
1.96%	5-year CD	3.10% - American Express National Bank 60 Month CD
0.84%	1-year CD	1.30% - National Average
0.10%	Savings	2.10% - American Express National Bank High Yield Savings Account

View all Credit Union Advantage rates »

Overview / Commentary

www.cuadvantage.coop

248-996-6070

22250 Providence Dr
Southfield, MI 48075

Credit Union Advantage is headquartered in Southfield and is the 167^th largest credit union in the state of Michigan. It is also the 2,890^th largest credit union in the nation. It was established in 1969 and as of September of 2018, it had grown to 8 employees and 2,603 members at 1 location. Credit Union Advantage has a B+ health rating.

Field of Membership Restrictions

CU Advantage of Michigan is open to the residents and people maintaining employment in the qualified site listed locations within these Michigan Counties; Oakland, Macomb, and Wayne as well as the employees and/or members of SEG's or comparable sources within 25-miles of the CU Southfield and Novi offices, Oakland County seniors 55+ receiving retirement income compensation, CU employees, and the family members of these pointed eligible members.
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Health

B+

Data as of Q3 2018

Learn why bank health matters

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 Chartered	1969
Employees	8
Primary Regulator

Profit Margin
Return on Assets - YTD	0.31%
Return on Equity - YTD	3.21%
Annual Interest Income	$702.00K

Assets and Liabilities
Assets	Q3 2018vs Q3 2017	$30.0MM$29.9MM
Loans	Q3 2018vs Q3 2017	$8.8MM$8.9MM
Deposits	Q3 2018vs Q3 2017	$26.6MM$26.3MM
Equity Capital	Q3 2018vs Q3 2017	$2.9MM$3.2MM
Loan Loss Allowance	Q3 2018vs Q3 2017	$168.00K$153.00K
Unbacked Noncurrent Loans	Q3 2018vs Q3 2017	$110.00K$145.00K
Real Estate Owned	Q3 2018vs Q3 2017	$0$0

Rates

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Money Market
Checking
CD
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* 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

APY	MIN	MAX	ACCOUNT NAME
0.20%	$100	-	Individual Retirement Account
0.20%	$100	-	Roth Individual Retirement Account
0.20%	$100	-	Educational Individual Retirement Account
0.16%	$100	-	Christmas Club
0.10%	$100	-	Regular Shares
0.10%	$5	-	Penny Savers
0.10%	$5	-	Teen Advantage Savings

Credit Union Advantage Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW 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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.12%	$1k	-	Club 55
0.12%	$1.5k	-	Advantage Checking

Credit Union Advantage CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.06%	$25k	-	60 Month Jumbo CD
1.96%	$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
0.94%	$25k	-	12 Month Jumbo CD
0.94%	$500	-	18 Month CD
0.84%	$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

APY	MIN	MAX	ACCOUNT NAME
1.96%	$25k	-	48 Month Jumbo IRA Certificate
1.45%	$25k	-	36 Month Jumbo IRA Certificate
1.20%	$500	$100k	48 Month IRA Certificate
1.15%	$25k	-	24 Month Jumbo IRA Certificate
1.05%	$25k	-	18 Month Jumbo IRA Certificate
0.94%	$25k	-	12 Month Jumbo IRA Certificate
0.75%	$500	$25k	36 Month IRA Certificate
0.55%	$500	$25k	24 Month IRA Certificate
0.45%	$500	$25k	18 Month IRA Certificate
0.35%	$500	$25k	12 Month IRA Certificate

Locations

Credit Union Advantage Locations
Branch Office	22250 Providence Dr	Southfield, MI 48075-4825

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