Members Advantage Credit Union (IN)
Overview / Commentary
Members Advantage Credit Union (IN) is headquartered in Michigan City and is the 39th largest credit union in the state of Indiana. It is also the 1,660th largest credit union in the nation. It was established in 1962 and as of June of 2024, it had grown to 23 employees and 8,133 members at 3 locations. Members Advantage Credit Union (IN) has a B health rating.
Field of Membership Restrictions
Membership in Members Advantage Credit Union is open to those who live or work in the Indiana counties of
Lake, LaPorte, or Porter. Relatives of members are also eligible to join.
See current membership details
Related Posts
View all posts from:
Health
B
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68242 |
| Year Chartered | 1962 |
| Employees | 23 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.11% |
| Return on Equity - YTD | 1.67% |
| Annual Interest Income | $2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $120.7MM$121.6MM |
| Loans | Q2 2024vs Q2 2023 | $53.4MM$55.4MM |
| Deposits | Q2 2024vs Q2 2023 | $111.4MM$114.3MM |
| Equity Capital | Q2 2024vs Q2 2023 | $8.3MM$6.7MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $132K$203K |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $360K$177K |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |