Health Advantage Credit Union


Overview / Commentary
989-791-7070
4550 STATE ST
SAGINAW, MI 48603

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.

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

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.



Health
B+

Health Grade Components

Overall
NCUA #20007
Year Chartered1970
Employees36
Primary Regulator
Profit Margin
Return on Assets - YTD0.57%
Return on Equity - YTD5.8%
Annual Interest Income$3.2MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$175.0MM$184.2MM
LoansQ2 2023vs Q2 2022$99.8MM$94.9MM
DepositsQ2 2023vs Q2 2022$156.8MM$166.7MM
Equity CapitalQ2 2023vs Q2 2022$17.3MM$16.7MM
Loan Loss AllowanceQ2 2023vs Q2 2022$514.00K$564.00K
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$285.00K$192.00K
Real Estate OwnedQ2 2023vs Q2 2022$0$0
Rates

Rates for Health Advantage Credit Union are currently being reviewed.

Locations


Health Advantage Credit Union Locations
Branch Office1430 N Michigan AveSaginaw, MI 48602-4734
Branch Office4550 State StSaginaw, MI 48603
Branch Office5004 Eastman AveMidland, MI 48640

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