Credit Union Advantage is headquartered in Southfield and is the 170th largest credit union in the state of Michigan. It is also the 2,917th largest credit union in the nation. It was established in 1969 and as of December of 2018, it had grown to 8 employees and 2,561 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.
See current membership details
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62517 |
| Year Chartered | 1969 |
| Employees | 8 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.36% |
| Return on Equity - YTD | 3.66% |
| Annual Interest Income | $950.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $28.9MM$29.4MM |
| Loans | Q4 2018vs Q4 2017 | $9.0MM$8.8MM |
| Deposits | Q4 2018vs Q4 2017 | $25.3MM$25.8MM |
| Equity Capital | Q4 2018vs Q4 2017 | $2.9MM$3.1MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $195.00K$140.00K |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $136.00K$100.00K |
| Real Estate Owned | Q4 2018vs Q4 2017 | $0$0 |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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 |
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
Credit Union Advantage IRA Rates
| Credit Union Advantage Locations | ||
|---|---|---|
| Branch Office | 22250 Providence Dr | Southfield, MI 48075-4825 |