Members Advantage Credit Union
Headquarters
3064 S. Ohio Street
Michigan City, IN 46360
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2024 Overview
General Credit Union Information
Members Advantage is an NCUA insured institution located in Michigan City, IN. It was founded in 1962 and has approximately $120.67 millions in assets.
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 68242 |
| Date Established | 1962 |
| Assets | $120.67 million |
| Loans | $53.39 million |
| Deposits | $111.44 million |
| Capital | $11.73 million |
Field of Membership Restrictions
Membership is open to those who live or work in Lake, La Porte, and Porter Counties.
Deposit Rates - December 15, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.05% | $2,500 | $4,999 |
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|
|
Money Market
|
0.17% | $10,000 | $14,999 |
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|
|
Money Market
|
0.20% | $25,000 | $29,999 |
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|
|
Premium Money Market Account
|
0.40% | $25,000 | $34,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.35% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.35% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.55% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.55% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.55% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.55% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.65% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.65% | $100,000 | $199,999 |
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|
| 30 Mo CD
|
0.65% | $10,000 | $14,999 |
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|
| 30 Mo CD
|
0.65% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.75% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.75% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
0.85% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
0.85% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.11% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.11% | $100,000 | $199,999 |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Var IRA
|
0.05% | $1 | $499 | Learn More |
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.10% | $2,500 | $3,499 | Learn More |
Loan Rates - December 15, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Members Advantage
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.368% | 6.250% | 0.75 | $4,000 | $1,971 | Learn More |
NMLS ID: 2592312 License#: RM.805266.000 |
6.622% | 6.500% | 0.88 | $4,275 | $2,023 | Learn More |
NMLS ID: 1907 |
6.686% | 6.500% | 1.00 | $6,202 | $2,023 | Learn More |
NMLS ID: 1025894 |
6.716% | 6.625% | 0.75 | $3,023 | $2,049 | Learn More |
Note to Members Advantage
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Below are Members Advantage branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Members Advantage Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 237.92 | A | View Lobby Hours | |
| 238.68 | B | View Lobby Hours | |
| 247.12 | C | View Lobby Hours |
Climate Policy and Initiatives
MEMBERS ADVANTAGE is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Members Advantage Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Members Advantage. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Members Advantage | U.S. Average |
|---|---|
| 2.25% | 5.83 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of June 30, 2024, Members Advantage had $255,951 in non-current loans and $12,000 in owned assets. To cover these potential losses it had $11,725,085 in net worth and $203,379 in loans loss reserves. That gives it a Texas Ratio of 2.25%.
Net Worth
| Members Advantage | U.S. Average |
|---|---|
| 9.72% | 13.93% |
Members Advantage FCU has a net worth of 9.72% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Members Advantage
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