Overview / Commentary
248-996-6070
22250 Providence Dr
Southfield, MI 48075

Credit Union Advantage is headquartered in Southfield and is the 171st largest credit union in the state of Michigan. It is also the 2,918th largest credit union in the nation. It was established in 1969 and as of June of 2018, it had grown to 8 employees and 2,670 members at 1 location. Credit Union Advantage has a C+ 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
C+
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
Employees8
Primary Regulator
Profit Margin
Return on Assets - YTD0.26%
Return on Equity - YTD2.79%
Annual Interest Income$444.00K
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$30.0MM$29.6MM
LoansQ2 2018vs Q2 2017$8.7MM$9.0MM
DepositsQ2 2018vs Q2 2017$26.6MM$25.9MM
Equity CapitalQ2 2018vs Q2 2017$2.9MM$3.2MM
Loan Loss AllowanceQ2 2018vs Q2 2017$152.00K$145.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$341.00K$182.00K
Real Estate OwnedQ2 2018vs Q2 2017$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
0.20%$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

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-Advantage Checking

Credit Union Advantage CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.96%$25k-48 Month Jumbo IRA Certificate
1.45%$25k-36 Month Jumbo IRA Certificate
1.20%$500$100k48 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$25k36 Month IRA Certificate
0.55%$500$25k24 Month IRA Certificate
0.45%$500$25k18 Month IRA Certificate
0.35%$500$25k12 Month IRA Certificate
Locations


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

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