Credit Union Advantage

Overview / Commentary
22250 Providence Dr
Southfield, MI 48075

Credit Union Advantage is headquartered in Southfield and is the 168th largest credit union in the state of Michigan. It is also the 2,927th largest credit union in the nation. It was established in 1969 and as of September of 2019, it had grown to 7 employees and 2,495 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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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 - YTD0.78%
Return on Equity - YTD6.32%
Annual Interest Income$719.00K
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$29.0MM$30.0MM
LoansQ3 2019vs Q3 2018$8.3MM$8.8MM
DepositsQ3 2019vs Q3 2018$24.8MM$26.6MM
Equity CapitalQ3 2019vs Q3 2018$3.7MM$2.9MM
Loan Loss AllowanceQ3 2019vs Q3 2018$183.00K$168.00K
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$128.00K$110.00K
Real Estate OwnedQ3 2019vs Q3 2018$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

0.16%$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

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-Advanced Preferred Checking
0.00%*--Kasasa Cash
OTHER TIERS: 0.24% $10k+

Credit Union Advantage CD Rates

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

2.06%$25k-60 Month Jumbo IRA Certificate
1.95%$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
0.95%$500$25k18 Month IRA Certificate
0.94%$25k-12 Month Jumbo IRA Certificate
0.85%$500$25k12 Month IRA Certificate
0.20%$100-3 Month IRA Certificate

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

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