Health Advantage Credit Union is headquartered in SAGINAW and is the 85th largest credit union in the state of Michigan. It is also the 1,339th largest credit union in the nation. It was established in 1970 and as of December of 2022, it had grown to 36 employees and 11,178 members at 3 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.
See current membership details
Great Rates And Customer Service, But Hard Credit Pull, Even On Savings Products
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.
Data as of Q4 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 20007 |
| Year Chartered | 1970 |
| Employees | 36 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.62% |
| Return on Equity - YTD | 6.78% |
| Annual Interest Income | $5.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $178.2MM$179.3MM |
| Loans | Q4 2022vs Q4 2021 | $102.1MM$98.0MM |
| Deposits | Q4 2022vs Q4 2021 | $160.6MM$159.8MM |
| Equity Capital | Q4 2022vs Q4 2021 | $16.5MM$18.7MM |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $510.00K$510.00K |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $163.00K$115.00K |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |