Health Advantage Credit Union is headquartered in SAGINAW and is the 86th largest credit union in the state of Michigan. It is also the 1,357th largest credit union in the nation. It was established in 1970 and as of June of 2023, it had grown to 36 employees and 11,479 members at 3 locations. Health Advantage Credit Union has a B+ health rating.
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
I contacted this highly rated institution to ask whether they did a hard or soft credit pull when a customer is only opening a CD or savings account; and also to ask about our eligibility for membership. I received a prompt and professional reply, letting me know that I was eligible for membership based on my wife's medical lab work, and the associate invited me to contact her if I had any further questions. While this credit union has very high CD rates, low EWP, and apparently excellent customer service--they unfortunately do a hard credit pull (the associate stated so in her email) even for savings products. As a result, my wife and I decided not to join at this time.
Overall | |
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NCUA # | 20007 |
Year Chartered | 1970 |
Employees | 36 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.57% |
Return on Equity - YTD | 5.8% |
Annual Interest Income | $3.2MM |
Assets and Liabilities | ||
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Assets | Q2 2023vs Q2 2022 | $175.0MM$184.2MM |
Loans | Q2 2023vs Q2 2022 | $99.8MM$94.9MM |
Deposits | Q2 2023vs Q2 2022 | $156.8MM$166.7MM |
Equity Capital | Q2 2023vs Q2 2022 | $17.3MM$16.7MM |
Loan Loss Allowance | Q2 2023vs Q2 2022 | $514.00K$564.00K |
Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $285.00K$192.00K |
Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
Rates for Health Advantage Credit Union are currently being reviewed.
Health Advantage Credit Union Locations | ||
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Branch Office | 1430 N Michigan Ave | Saginaw, MI 48602-4734 |
Branch Office | 4550 State St | Saginaw, MI 48603 |
Branch Office | 5004 Eastman Ave | Midland, MI 48640 |