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Health Advantage Credit Union


Overview / Commentary
www.healthadvantagecu.com
989-791-7070
4550 STATE ST
SAGINAW, MI 48603

Health Advantage Credit Union is headquartered in SAGINAW and is the 81st largest credit union in the state of Michigan. It is also the 1,308th largest credit union in the nation. It was established in 1970 and as of December of 2020, it had grown to 31 employees and 11,644 members at 2 locations. Health Advantage Credit Union has an A+ 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.
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Reviews (1)

Great Rates And Customer Service, But Hard Credit Pull, Even On Savings Products

Posted by: |

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.

1


Health
A+

Data as of Q4 2020

Learn why bank health matters

Health Grade Components

Overall
NCUA #20007
Year Chartered1970
Employees31
Primary Regulator
Profit Margin
Return on Assets - YTD0.62%
Return on Equity - YTD5.52%
Annual Interest Income$4.7MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$167.2MM$141.8MM
LoansQ4 2020vs Q4 2019$92.7MM$94.7MM
DepositsQ4 2020vs Q4 2019$148.0MM$123.8MM
Equity CapitalQ4 2020vs Q4 2019$18.4MM$17.3MM
Loan Loss AllowanceQ4 2020vs Q4 2019$508.00K$345.00K
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$227.00K$156.00K
Real Estate OwnedQ4 2020vs Q4 2019$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Health Advantage Credit Union; 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.

Health Advantage Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%*-$15kYoung Savers
OTHER TIERS: 0.05% → $15k+
0.40%*$50k*-IRA Savings
OTHER TIERS: 0.10% → Up to $10k | 0.20% → $10k - $20k | 0.30% → $20k - $50k
0.40%*$50k*-Health Savings Account
OTHER TIERS: 0.10% → Up to $10k | 0.20% → $10k - $20k | 0.30% → $20k - $50k
0.20%*$100k*-Business Savings
OTHER TIERS: 0.05% → $250 - $10k | 0.10% → $10k - $100k
0.05%$250-Regular Savings
0.05%$250-Christmas Club
0.05%$250-Vacation Club
0.05%$250-2nd Savings

Health Advantage Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$250k*-MONEYPlus Money Market Account
OTHER TIERS: 0.10% → $2.5k - $10k | 0.20% → $10k - $100k | 0.30% → $100k - $250k

Health Advantage Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$2.5k*$25kPremium Checking Rewards
OTHER TIERS: 0.10% → $25k+
0.10%$10k-Premium Checking
0.10%$10k-Business Checking
0.05%$250-Evolution Debit

Health Advantage Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%$500$7007 Month Youth CD Special
0.90%$500-60 Month CD
0.85%$500-48 Month CD
0.75%$500-36 Month CD
0.60%$500-24 Month CD
0.55%$500-18 Month CD Special
0.50%$500-12 Month CD
0.50%$25-12 Month Save to Win CD
0.35%$500-6 Month CD

Health Advantage Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%$500-60 Month IRA
0.85%$500-48 Month IRA
0.75%$500-36 Month IRA
0.60%$500-24 Month IRA
0.50%$500-12 Month IRA
0.35%$500-6 Month IRA
Locations


Health Advantage Credit Union Locations
Branch Office1430 N Michigan AveSaginaw, MI 48602-4734
Branch Office4550 State StSaginaw, MI 48603

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