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HEALTH ADVANTAGE FEDERAL CREDIT UNION

Mar, 31, 2021 — HEALTH ADVANTAGE FEDERAL CREDIT UNION is a federal credit union headquartered in SAGINAW, MI with 2 branch locations and about $179.54 million in total assets. Opened 51 years ago in 1970, HEALTH ADVANTAGE FEDERAL CREDIT UNION has about 11,693 members and employs 39 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)
PO BOX 6160
SAGINAW, MI 48608
Phone:(989) 791-7070
Fax:(989) 791-8160
Website:http://healthadvantagecu.com
Branches:2 branch locations
Members:11,693
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$179,536,662
CEO/Manager:Laura Crase
Chairperson:THOMAS HOLLERBACK

Call Report

  • Commercial Loans
  • Credit Builder
  • Indirect Consumer Loans
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Health Savings Accounts
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 37,590,899
TOTAL INVESTMENTS 32,104,998
Loans Held for Sale 805,640
 
 Real Estate Loans 46,924,685
 Unsecured Loans 9,716,008
 Other Loans 38,514,516
 TOTAL LOANS 95,155,209
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -530,402
 Land And Building 4,172,931
 Other Fixed Assets 81,237
 NCUSIF Deposit 1,393,673
 All Other Assets 8,762,477
  TOTAL ASSETS 179,536,662
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 941,702
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 34,733,387
 Regular shares 72,210,088
 All Other Shares & Deposits 53,050,440
  TOTAL SHARES & DEPOSITS 159,993,915
  TOTAL LIABILITIES 160,935,617
 Regular Reserve 1,792,468
 Other Reserves 44,580
 Undivided Earnings 16,763,997
  TOTAL EQUITY 18,601,045
  TOTAL LIABILITIES, SHARES, & EQUITY 179,536,662
INCOME & EXPENSE  
 Loan Income 971,900
 Investment Income 144,656
 Other Income 121,884
 Total Employee Compensation & Benefits 577,988
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 653,812
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 20,000
 Cost of Funds 137,839
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 316,085
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