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HEALTH ADVANTAGE FEDERAL CREDIT UNION

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.


ABA Routing Number: 272484658
Name:HEALTH ADVANTAGE FEDERAL CREDIT UNION
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
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

Call Report

  • Credit Builder
  • Payday Alternative Loans (PAL Loans)
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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