Sep, 30, 2025 — MEMBERS ADVANTAGE CREDIT UNION is a federally insured state chartered credit union headquartered in MICHIGAN CITY, IN with 3 branch locations and about $129.44 million in total assets. Opened 64 years ago in 1962, MEMBERS ADVANTAGE CREDIT UNION has about 7,887 members and employs 22 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MEMBERS ADVANTAGE CREDIT UNION |
|---|---|
| Address: (Main Office) | 3064 Ohio St MICHIGAN CITY, IN 46360-6866 |
| Phone: | (219) 874-6943 |
| Fax: | (219) 873-0568 |
| Website: | https://www.macuonline.org |
| Branches: | 3 branch locations |
| Members: | 7,887 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68242 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1962 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $129,436,850 |
| CEO/Manager: | Frank Beachnau |
| Chairperson: | Michael Palmer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,525,429 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 33,323,155 |
| Unsecured Loans | 365,088 |
| Other Loans | 18,936,187 |
| TOTAL LOANS | 52,624,430 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -248,013 |
| Land And Building | 2,631,005 |
| Other Fixed Assets | 299,904 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,106,386 |
| All Other Assets | 0 |
| TOTAL ASSETS | 129,436,850 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 510,595 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 22,085,410 |
| Regular shares | 48,067,541 |
| All Other Shares & Deposits | 47,909,642 |
| TOTAL SHARES & DEPOSITS | 118,062,593 |
| TOTAL LIABILITIES | 118,573,188 |
| Regular Reserve | 0 |
| Other Reserves | -1,232,025 |
| Undivided Earnings | 12,095,687 |
| TOTAL EQUITY | 10,863,662 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 129,436,850 |
| INCOME & EXPENSE | |
| Loan Income | 2,306,290 |
| Investment Income | 1,504,475 |
| Other Income | 535,776 |
| Total Employee Compensation & Benefits | 1,256,705 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,012,113 |
| Non-operating Income & (Expense) | 17,629 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 113,131 |
| Cost of Funds | 1,149,136 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 263,979 |
| ↑ Back to Top | |