Overview / Commentary
Health Advantage Credit Union is headquartered in SAGINAW and is the 87th largest credit union in the state of Michigan. It is also the 1,366th largest credit union in the nation. It was established in 1970 and as of June of 2024, it had grown to 36 employees and 11,152 members at 3 locations. Health Advantage Credit Union has a B+ health rating.
Field of Membership Restrictions
Health Advantage Credit Union is open to employees, independent contractors, or self-employed persons who regularly work in the Health Care Industry anywhere in the State of Michigan.
See current membership details
Health
B+
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 20007 |
| Year Chartered | 1970 |
| Employees | 36 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.45% |
| Return on Equity - YTD | 4.19% |
| Annual Interest Income | $3.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $173.3MM$175MM |
| Loans | Q2 2024vs Q2 2023 | $106.6MM$99.8MM |
| Deposits | Q2 2024vs Q2 2023 | $151.7MM$156.8MM |
| Equity Capital | Q2 2024vs Q2 2023 | $18.9MM$17.3MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $783K$514K |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $1.4MM$285K |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |