Health Advantage Credit Union

Overview / Commentary

Health Advantage Credit Union is headquartered in SAGINAW and is the 85th largest credit union in the state of Michigan. It is also the 1,318th largest credit union in the nation. It was established in 1970 and as of June of 2022, it had grown to 33 employees and 11,160 members at 2 locations. Health Advantage Credit Union's money market rates are 59% higher than the national average, and it 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.
See current membership details

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 - YTD0.48%
Return on Equity - YTD5.31%
Annual Interest Income$2.4MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$184.2MM$178.0MM
LoansQ2 2022vs Q2 2021$94.9MM$97.0MM
DepositsQ2 2022vs Q2 2021$166.7MM$158.8MM
Equity CapitalQ2 2022vs Q2 2021$16.7MM$18.4MM
Loan Loss AllowanceQ2 2022vs Q2 2021$564.00K$535.00K
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$192.00K$275.00K
Real Estate OwnedQ2 2022vs Q2 2021$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

3.00%*-$15kYoung Savers
OTHER TIERS: 0.10% $15k+
0.40%*$50k*-IRA Savings
OTHER TIERS: 0.10% Up to $10k | 0.20% $10k - $20k | 0.30% $20k - $50k
0.40%*$100k*-Business Savings
OTHER TIERS: 0.10% $250 - $10k | 0.25% $10k - $100k
0.40%*$50k*-Health Savings Account
OTHER TIERS: 0.10% Up to $10k | 0.20% $10k - $20k | 0.30% $20k - $50k
0.10%$250-Regular Savings
0.10%$250-Christmas Club
0.10%$250-Vacation Club
0.10%$250-2nd Savings

Health Advantage Credit Union Money Market Rates

0.70%*$250k*-MONEYPlus Money Market Account
OTHER TIERS: 0.20% $2.5k - $10k | 0.40% $10k - $100k | 0.55% $100k - $250k

Health Advantage Credit Union Checking Account Rates

0.55%*$2.5k*$25kPremium Checking Rewards
OTHER TIERS: 0.15% $25k+
0.20%$10k-Premium Checking
0.15%$10k-Business Checking
0.10%$250-Evolution Debit

Health Advantage Credit Union CD Rates

4.00%$500$7007 Month Youth CD Special
2.00%$500-60 Month CD
1.70%$500-48 Month CD
1.50%$500-36 Month CD
1.40%$500-24 Month CD
1.25%$500-12 Month CD
1.25%$25-12 Month Save to Win CD
0.70%$500-6 Month CD

Health Advantage Credit Union IRA Rates

2.00%$500-60 Month IRA
1.70%$500-48 Month IRA
1.50%$500-36 Month IRA
1.40%$500-24 Month IRA
1.25%$500-12 Month IRA
0.70%$500-6 Month IRA

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

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