Sep, 30, 2025 — HEALTH ADVANTAGE FEDERAL CREDIT UNION is a federal credit union headquartered in SAGINAW, MI with 3 branch locations and about $174.04 million in total assets. Opened 56 years ago in 1970, HEALTH ADVANTAGE FEDERAL CREDIT UNION has about 10,839 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 |
|---|---|
| Address: (Main Office) | 4550 STATE ST SAGINAW, MI 48603 |
| Phone: | (989) 791-7070 |
| Fax: | (989) 791-8160 |
| Website: | https://www.healthadvantagecu.com |
| Branches: | 3 branch locations |
| Members: | 10,839 |
| 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, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $174,043,653 |
| CEO/Manager: | Laura Crase |
| Chairperson: | THOMAS HOLLERBACK |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,241,985 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 62,289,988 |
| Unsecured Loans | 9,096,461 |
| Other Loans | 35,459,703 |
| TOTAL LOANS | 106,948,278 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -746,654 |
| Land And Building | 6,134,815 |
| Other Fixed Assets | 843,694 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,430,229 |
| All Other Assets | 0 |
| TOTAL ASSETS | 174,043,653 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,177,272 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 29,796,077 |
| Regular shares | 60,783,301 |
| All Other Shares & Deposits | 60,689,606 |
| TOTAL SHARES & DEPOSITS | 151,268,984 |
| TOTAL LIABILITIES | 152,446,256 |
| Regular Reserve | 0 |
| Other Reserves | -1,087,416 |
| Undivided Earnings | 22,684,813 |
| TOTAL EQUITY | 21,597,397 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 174,043,653 |
| INCOME & EXPENSE | |
| Loan Income | 4,738,072 |
| Investment Income | 1,341,866 |
| Other Income | 428,009 |
| Total Employee Compensation & Benefits | 2,059,275 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,715,223 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 190,431 |
| Cost of Funds | 1,494,373 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,000,679 |
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