Credit Union Advantage

Overview / Commentary
22250 Providence Dr
Southfield, MI 48075

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.
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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

NCUA #62517
Year Chartered1969
Primary Regulator
Profit Margin
Return on Assets - YTD0.36%
Return on Equity - YTD3.66%
Annual Interest Income$950.00K
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$28.9MM$29.4MM
LoansQ4 2018vs Q4 2017$9.0MM$8.8MM
DepositsQ4 2018vs Q4 2017$25.3MM$25.8MM
Equity CapitalQ4 2018vs Q4 2017$2.9MM$3.1MM
Loan Loss AllowanceQ4 2018vs Q4 2017$195.00K$140.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$136.00K$100.00K
Real Estate OwnedQ4 2018vs Q4 2017$0$0
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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

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

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

0.12%$1k-Club 55
0.12%$1.5k-Advantage Checking

Credit Union Advantage CD Rates

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

2.06%$25k-60 Month Jumbo IRA Certificate
1.96%$500$25k60 Month IRA Certificate
1.75%$25k-48 Month Jumbo IRA Certificate
1.65%$500$25k48 Month IRA Certificate
1.45%$25k-36 Month Jumbo IRA Certificate
1.35%$500$25k36 Month IRA Certificate
1.35%$25k-30 Month Jumbo IRA Certificate
1.25%$500$25k30 Month IRA Certificate
1.15%$25k-24 Month Jumbo IRA Certificate
1.05%$500$25k24 Month IRA Certificate
1.05%$25k-18 Month Jumbo IRA Certificate
0.94%$500$25k18 Month IRA Certificate
0.94%$25k-12 Month Jumbo IRA Certificate
0.84%$500$25k12 Month IRA Certificate

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

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