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National Credit Union Service Organization

CREDIT UNION ADVANTAGE

Dec, 31, 2023 — CREDIT UNION ADVANTAGE is a federally insured state chartered credit union headquartered in SOUTHFIELD, MI with 1 branch location and about $29.19 million in total assets. Opened 55 years ago in 1969, CREDIT UNION ADVANTAGE has about 2,228 members and employs 8 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: 272485039
Name:CREDIT UNION ADVANTAGE
Address:
(Main Office)
22250 Providence Dr
SOUTHFIELD, MI 48075-4825
Phone:(248) 996-6070
Fax:(248) 849-5391
Website:https://cuadvantage.coop
Branches:1 branch locations
Members:2,228
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:62517
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1969
Last Audited:Dec 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$29,191,456
CEO/Manager:Janice Zuchowicz
Chairperson:Michele Ciokajlo

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 373,783
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 2,356,910
 Unsecured Loans 2,314,481
 Other Loans 4,046,977
 TOTAL LOANS 8,718,368
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -109,065
 Land And Building 0
 Other Fixed Assets 86,806
 NCUSIF Deposit 259,183
 All Other Assets 0
  TOTAL ASSETS 29,191,456
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 54,312
 Accounts Payable & Other Liabilities 504,858
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 7,075,098
 Regular shares 8,903,099
 All Other Shares & Deposits 10,549,444
  TOTAL SHARES & DEPOSITS 26,527,641
  TOTAL LIABILITIES 27,086,811
 Regular Reserve 0
 Other Reserves -1,411,302
 Undivided Earnings 3,515,947
  TOTAL EQUITY 2,104,645
  TOTAL LIABILITIES, SHARES, & EQUITY 29,191,456
INCOME & EXPENSE  
 Loan Income 487,882
 Investment Income 306,040
 Other Income 344,330
 Total Employee Compensation & Benefits 437,598
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 807,611
 Non-operating Income & (Expense) 38,815
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 13,902
 Cost of Funds 183,970
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -183,236
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