Dec, 31, 2023 — HEALTH ADVANTAGE FEDERAL CREDIT UNION is a federal credit union headquartered in SAGINAW, MI with 3 branch locations and about $172.47 million in total assets. Opened 54 years ago in 1970, HEALTH ADVANTAGE FEDERAL CREDIT UNION has about 11,109 members and employs 42 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | HEALTH ADVANTAGE FEDERAL CREDIT UNION |
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Address: (Main Office) | 4550 STATE ST SAGINAW, MI 48603 |
Phone: | (989) 791-7070 |
Fax: | (989) 791-8160 |
Website: | https://healthadvantagecu.com |
Branches: | 3 branch locations |
Members: | 11,109 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 20007 |
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Membership Type: | Multiple common bond - Primarily health care |
Corporate Credit Union: | No |
Year Opened: | 1970 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $172,465,193 |
CEO/Manager: | Laura Crase |
Chairperson: | THOMAS HOLLERBACK |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,726,083 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 58,535,231 |
Unsecured Loans | 10,415,302 |
Other Loans | 34,176,291 |
TOTAL LOANS | 103,203,969 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -892,659 |
Land And Building | 6,139,081 |
Other Fixed Assets | 700,465 |
NCUSIF Deposit | 1,525,054 |
All Other Assets | 22,923 |
TOTAL ASSETS | 172,465,193 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 49 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,921,593 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 30,137,135 |
Regular shares | 65,201,063 |
All Other Shares & Deposits | 56,841,319 |
TOTAL SHARES & DEPOSITS | 152,179,517 |
TOTAL LIABILITIES | 154,101,159 |
Regular Reserve | 0 |
Other Reserves | -2,291,903 |
Undivided Earnings | 20,655,937 |
TOTAL EQUITY | 18,364,034 |
TOTAL LIABILITIES, SHARES, & EQUITY | 172,465,193 |
INCOME & EXPENSE | |
Loan Income | 4,871,607 |
Investment Income | 1,709,667 |
Other Income | 695,090 |
Total Employee Compensation & Benefits | 2,729,686 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,113,655 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 150,760 |
Cost of Funds | 1,223,889 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,006,380 |
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