# CREDIT UNION ADVANTAGE
SOUTHFIELD, MI · NCUA charter 62517 · asset band <$50M · latest filing 2024-12 · stopped filing after 2024-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/credit-union-advantage-62517

Who the members are: state charter, organized 1969. 2,086 members of 20,000 potential (10.4% of the field); checking penetration 62% (share draft accounts per 100 members); loans per 100 members 56.

**Verdict on the desk:** this could be *quiet fade*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $28.4M |
| Members | 2,086 (-6.4% YoY) |
| Full-time staff | 4 |
| Net worth | $3.4M |
| Net worth ratio | 12.0% (p34 of band) |
| ROA (annualized) | -0.35% (p13 of band) |
| Total delinquency | 0.54% (p43 of band) |
| Net charge-offs (annualized) | 0.19% (p49 of band) |
| Loans / shares | 34% (p14 of band) |
| Cash / assets | 1.8% |
| Borrowings / assets | 4.14% |
| Net interest margin | 1.93% (p5 of band) |
| Operating expense / assets | 4.08% (p65 of band) |
| Vehicles % of loans | 31% (p17 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 55% (p94 of band) |
| Vehicle delinquency | 0.08% (p33 of band) |
| Vehicle NCO | 0.21% (p59 of band) |
| Repossessed % of vehicle book | 0.00% (p45 of band) |
| Real estate % of loans | 28% |
| Credit cards % of loans | 15% |
| Unsecured % of loans | 28% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 60% |
| Certificates % of member funds | 17% |
| Average share balance | $5,948 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 56% |
| Loans granted per 100 members, annualized | 1207% |
| Average loan balance | $7,019 |
| Loans granted, annualized | $3.2M |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | delinquency 2x band |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 | net worth falling | delinquency 2x band |
| 2016-12 | 0 |  | net worth falling |
| 2017-03 | 1 | delinquency 2x band |  |
| 2017-06 | 4 | net worth falling, repo signal, members leaving |  |
| 2017-09 | 2 |  | delinquency 2x band, members leaving |
| 2017-12 | 0 |  | net worth falling, repo signal |
| 2018-03 | 3 | delinquency 2x band, delinquency rising, members leaving |  |
| 2018-06 | 3 |  |  |
| 2018-09 | 2 | charge-offs p90 | delinquency 2x band, delinquency rising |
| 2018-12 | 1 |  | charge-offs p90 |
| 2019-03 | 1 |  |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 3 | delinquency 2x band, assets shrinking |  |
| 2019-12 | 1 |  | members leaving, delinquency 2x band |
| 2020-03 | 1 |  |  |
| 2020-06 | 1 | net worth falling | assets shrinking |
| 2020-09 | 2 | margin squeeze, delinquency 2x band | net worth falling |
| 2020-12 | 2 |  |  |
| 2021-03 | 5 | net worth falling, losing money, delinquency rising |  |
| 2021-06 | 4 | charge-offs p90, members leaving | margin squeeze, delinquency 2x band, delinquency rising |
| 2021-09 | 0 |  | net worth falling, losing money, charge-offs p90, members leaving |
| 2021-12 | 1 | losing money |  |
| 2022-03 | 2 | delinquency 2x band |  |
| 2022-06 | 2 | delinquency rising | losing money |
| 2022-09 | 2 | repo signal, assets shrinking | delinquency 2x band, delinquency rising |
| 2022-12 | 1 |  | assets shrinking |
| 2023-03 | 3 | net worth falling, losing money, members leaving | repo signal |
| 2023-06 | 3 | assets shrinking | net worth falling |
| 2023-09 | 4 | leaning on borrowings |  |
| 2023-12 | 4 | net worth falling | leaning on borrowings |
| 2024-03 | 4 |  |  |
| 2024-06 | 5 | delinquency rising |  |
| 2024-09 | 4 | loan book shrinking | assets shrinking, delinquency rising |
| 2024-12 | 2 |  | net worth falling, loan book shrinking |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-06-12 [Health Advantage Credit Union named outstanding Credit Union of the Year in the Medium Asset Size Category - CUInsight](https://news.google.com/rss/articles/CBMi4AFBVV95cUxOM3hMNjBzbW90WmxJbHN5NUlVWjAxbnlGZ1FfdFdFM2ZPTTVjYlI4dG95UXVZMm4yMlA5cU1IclloVHUtRnJ4Tk1tVkdhanJfY3ByTmlZclFTWVVUa0hPR1hWS0lQQmNrM2RLOHM5cFhYUFBOVlV0QnZCQV9oMkJYeVFhRTV1VVl0blpRcFRmNkg4bEljSlRlWno0RFVIX1hacTh0UjZUcnRaR2pmRHhMV05YWGVQTVJkR05iM0s2bTVYUFl5RVpzQ2lEN1RrbkpHWXhDSmMyOThlNzBfYXJiVQ?oc=5) · CUInsight
- 2026-03-11 [Health Advantage Credit Union wins national award for online banking experience - MLive.com](https://news.google.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?oc=5) · MLive.com
- 2026-03-31 [Members Advantage Credit Union Renews Partnership with Mahalo Banking - Business Wire](https://news.google.com/rss/articles/CBMixAFBVV95cUxNR3hJVzE3OUIxbjRaRE5HTWEzNk1TelRDRnduS2VQZG5jYU5remlKTHRGSEpjSDA3UjU1UFlZZDNOdWhqdk5wbG9EdWZSOF8wZ25WTTNndDVHQ2tpNEw5OVVDUjR4am1LREhhVkNVV0JXdW55UURoS2hjMDNqZW1BRGhoaFp1Mmc0Z2JDMlNvMzA0YnVXNUx0RUZ6T3lubThJTmpZZEl6WXN0blNRLXFtbW1OYlFSNHdIell5RTlHSFF1R3lT?oc=5) · Business Wire
- 2026-07-20 [Members Approve LOC, Advantage One Merger; Combined CU Nears $750M - cutoday.info](https://news.google.com/rss/articles/CBMiogFBVV95cUxOTzhNTnZ1a0lxOGw2cHc2dlA5RThPc19wZEJpQjlRNFJMclluVnNZV3p1a3EzbGh5bEU1QjRLdXFBYVFiLUFJSFlYZmE2cGlHVGQ2bENISlE0U0UwRFBGX1NxekZPc3ZIZ1UwdkJReWhYMkVZeER1R2w4MDBBYzhYQzNNRHRHOVdlYTNReXlaMlV3bFV1a25fYmpyUHZWdFBnYWc?oc=5) · cutoday.info
- 2026-05-21 [LOC Credit Union Breaks Ground in Hartland, Plans to Merge with Advantage One - WHMI](https://news.google.com/rss/articles/CBMirwFBVV95cUxONU94dHBfM1E1Mnk4VWJONGp2X2tyWWxaZkQtaTB1NDFPVy1zaTc0ZXYxR0lZOGJDYWl3MUkyWlA3MkZZUlhIZEJDX0s1UmM4b1FzSUI1bFZVUTlOYjgycEljSUxxOGlhbFUtd09pekRGNHJON3lhTVo5cFliVnlXc2EyQVR1UG1yVG9rVHRFT2VOWFFWZnRmVEFmYWs0TlpMQlFhcDZReUpEaUhvYWJJ?oc=5) · WHMI
- 2025-12-08 [Marquis Software Solutions Under Investigation for Data Breach of Over 780,000 Financial Records - Schubert Jonckheer & Kolbe](https://news.google.com/rss/articles/CBMickFVX3lxTE1vZVQ4bU5jSFVZOGJmZmVqbDJWLXBOcHcxWUZISVE3djVZZVM4ZHFaRTdFTk9vMGptMU5fY2NjMmNRRlRSX1BHVEJ6VjdDeHlSNEZIeTNYU2VoYVRaaDZqT2otMUJvaEROYWx3OWdlQmdIZw?oc=5) · Schubert Jonckheer &amp; Kolbe
- 2026-07-10 [2026 Back to School Rally Supply Drive is Under Way - wimsradio.com](https://news.google.com/rss/articles/CBMijgFBVV95cUxOUW93bXdLa2ZDYnlhUEVZZjI0VVc5U1JvMWVueExUd2EzNUxBNEl4RFF5SmdyeE41OE5tZWUtNFE4aWNfZWlCYXlMcTVmM2NVLXR3TVNUaFVJRWE0RFZKMXRfSVpOUGc5dnhrb0MxaS1Pb09vT2cwTDNOUGhZckxjTlVUSkI2Tm5zVXRMYUF3?oc=5) · wimsradio.com
- 2026-04-22 [Truliant plans to acquire fellow Winston-Salem financial institution Piedmont Advantage - Winston-Salem Journal](https://news.google.com/rss/articles/CBMipwFBVV95cUxNZi1XN0JxcTgySXBwdFNIUnlQTHJSMGMwdTFVR0N0QVNvTS1MZktDSGllNnowNGdGVWl0dUpiUWVha0ZsalcycUJqOE13ZFZVTlRjZ1gzZlA5QjEzcXhDUEs1MGwtMUd0bHpnS0VqbVFIQ2tkNTFCem5XV1J2QVhDWnNPeUlhT3c1aF91TnBrVFN1UHZHa0UyZmxwbU0xdDFnOTVUNEhBbw?oc=5) · Winston-Salem Journal

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=62517 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/53.json (key "62517", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=62517
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide