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ADVANTAGE ONE CREDIT UNION

Mar, 31, 2022 — ADVANTAGE ONE CREDIT UNION is a federally insured state chartered credit union headquartered in BROWNSTOWN, MI with 3 branch locations and about $222.51 million in total assets. Opened 70 years ago in 1952, ADVANTAGE ONE CREDIT UNION has about 16,800 members and employs 60 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: 272485107
Name:ADVANTAGE ONE CREDIT UNION
Address:
(Main Office)
23670 Telegraph Rd
BROWNSTOWN, MI 48134
Phone:(734) 676-7000
Fax:(734) 676-3628
Website:https://www.myaocu.com/
Branches:3 branch locations
Members:16,800
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:68679
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1952
Last Audited:Apr 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$222,510,726
CEO/Manager:Christopher D Corkery
Chairperson:Richard E Lindemann

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 23,853,428
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 52,753,984
 Unsecured Loans 18,474,640
 Other Loans 60,322,410
 TOTAL LOANS 132,472,178
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -677,545
 Land And Building 3,566,835
 Other Fixed Assets 831,949
 NCUSIF Deposit 1,849,809
 All Other Assets 0
  TOTAL ASSETS 222,510,726
LIABILITIES & CAPITAL:  
 Dividends Payable 23,902
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,302,548
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 49,647,640
 Regular shares 113,359,463
 All Other Shares & Deposits 39,927,437
  TOTAL SHARES & DEPOSITS 202,934,540
  TOTAL LIABILITIES 204,260,990
 Regular Reserve 0
 Other Reserves -1,892,772
 Undivided Earnings 20,142,508
  TOTAL EQUITY 18,249,736
  TOTAL LIABILITIES, SHARES, & EQUITY 222,510,726
INCOME & EXPENSE  
 Loan Income 1,729,948
 Investment Income 182,144
 Other Income 458,989
 Total Employee Compensation & Benefits 1,042,722
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,139,142
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -14,044
 Cost of Funds 76,575
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 644,470
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