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Credit Union Advantage


Overview / Commentary
www.cuadvantage.coop
248-996-6070
22250 Providence Dr
Southfield, MI 48075

Credit Union Advantage is headquartered in Southfield and is the 169th largest credit union in the state of Michigan. It is also the 2,977th largest credit union in the nation. It was established in 1969 and as of December of 2019, it had grown to 7 employees and 2,503 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.
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Health
B

Data as of Q4 2019

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 Chartered1969
Employees7
Primary Regulator
Profit Margin
Return on Assets - YTD0.78%
Return on Equity - YTD5.94%
Annual Interest Income$955.00K
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$27.8MM$28.9MM
LoansQ4 2019vs Q4 2018$8.6MM$9.0MM
DepositsQ4 2019vs Q4 2018$23.7MM$25.3MM
Equity CapitalQ4 2019vs Q4 2018$3.7MM$2.9MM
Loan Loss AllowanceQ4 2019vs Q4 2018$182.00K$195.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$119.00K$136.00K
Real Estate OwnedQ4 2019vs Q4 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
0.16%$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
1.36%$25k-60 Month Jumbo CD
1.26%$25k-48 Month Jumbo CD
1.26%$500-60 Month CD
1.16%$25k-36 Month Jumbo CD
1.16%$500-48 Month CD
1.06%$25k-30 Month Jumbo CD
1.06%$500-36 Month CD
0.95%$25k-24 Month Jumbo CD
0.95%$500-30 Month CD
0.85%$25k-18 Month Jumbo CD
0.85%$500-24 Month CD
0.75%$25k-12 Month Jumbo CD
0.75%$500-18 Month CD
0.65%$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
1.51%$500$25k60 Month IRA Certificate
1.36%$500$25k48 Month IRA Certificate
1.36%$25k-60 Month Jumbo IRA Certificate
1.26%$25k-48 Month Jumbo IRA Certificate
1.16%$500$25k36 Month IRA Certificate
1.16%$25k-36 Month Jumbo IRA Certificate
1.06%$25k-30 Month Jumbo IRA Certificate
1.05%$500$25k30 Month IRA Certificate
0.95%$500$25k24 Month IRA Certificate
0.95%$25k-24 Month Jumbo IRA Certificate
0.85%$500$25k18 Month IRA Certificate
0.85%$25k-18 Month Jumbo IRA Certificate
0.80%$500$25k12 Month IRA Certificate
0.75%$25k-12 Month Jumbo IRA Certificate
0.20%$100-3 Month IRA Certificate
Locations


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

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