Health Advantage Credit Union

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 1,354th largest credit union in the nation. It was established in 1970 and as of March of 2024, it had grown to 38 employees and 11,149 members at 3 locations. Health Advantage Credit Union's savings rates are 10X the national average, and it 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.
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Reviews (1)

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

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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 Grade Components

NCUA #20007
Year Chartered1970
Primary Regulator
Profit Margin
Return on Assets - YTD0.27%
Return on Equity - YTD2.53%
Annual Interest Income$1.8MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$176.8MM$178.5MM
LoansQ1 2024vs Q1 2023$104MM$99.8MM
DepositsQ1 2024vs Q1 2023$156.5MM$160.6MM
Equity CapitalQ1 2024vs Q1 2023$18.6MM$16.9MM
Loan Loss AllowanceQ1 2024vs Q1 2023$784K$484K
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$164K$227K
Real Estate OwnedQ1 2024vs Q1 2023$0$0
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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

5.00%*$0$501Emergency Savings
OTHER TIERS: 0.05% $501+
2.00%*$0$15kYoung Savers
OTHER TIERS: 0.05% $15k+
0.40%*$50k*-IRA Savings
OTHER TIERS: 0.10% $0 - $10k | 0.20% $10k - $20k | 0.30% $20k - $50k
0.40%*$50k*-Health Savings Account
OTHER TIERS: 0.10% $0 - $10k | 0.20% $10k - $20k | 0.30% $20k - $50k
0.35%*$100k*-Business Savings
OTHER TIERS: 0.05% $250 - $10k | 0.20% $10k - $100k
0.10%$250-Christmas Club
0.05%$250-Regular Savings
0.05%$250-Vacation Club
0.05%$250-Special Savings
0.05%$250-Spending Account

Health Advantage Credit Union Money Market Rates

1.70%*$500k*-Money Plus Money Market Account
OTHER TIERS: 0.50% $2.5k - $10k | 0.85% $10k - $100k | 1.05% $100k - $250k | 1.25% $250k+

Health Advantage Credit Union Checking Account Rates

5.00%*$2.5k*$10kPremium Checking Rewards
OTHER TIERS: 0.05% $25k+ | 0.10% $10k - $25k
0.20%$10k-Premium Checking
0.15%$10k-Business Checking

Health Advantage Credit Union CD Rates

4.25%$500-12 Month CD
4.25%$25-12 Month Save to Win CD
4.25%$25-12 Month Smart Savers
4.00%$500$7007 Month Youth CD Special
3.85%$500-6 Month CD
3.65%$500-24 Month CD
3.25%$500-36 Month CD
3.25%$500-48 Month CD
3.25%$500-60 Month CD

Health Advantage Credit Union IRA Rates

4.25%$500-12 Month IRA
3.85%$500-6 Month IRA
3.65%$500-24 Month IRA
3.25%$500-36 Month IRA
3.25%$500-48 Month IRA
3.25%$500-60 Month IRA

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

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