Advantage Credit Union

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A short history of Advantage CU

Since its inception in 1937 the Advantage Credit Union has been serving its members in the Newton, Iowa area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Corinne Coyle, the Advantage CU has grown its membership to over 5,605 with assets of more than $67,653,257. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (641) 792-5660 or email them at none to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Newton, IA.

General Information For Advantage CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 64030
Address 121 W 3rd St N, PO Box 822 
City Newton 
State Iowa 
Zip-Code 50208
Phone Number (641) 792-5660
Fax Number (641) 792-0240
Email Address: none
CEO/President Corinne Coyle
Members 5,605 
Full-Time Employees 14 
Part-Time Employees
Number of Branch Offices
Total Assets 67,653,257 

Compare Advantage Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Members1st Community CU Ames Branch 423 Main St 50010 (515) 232-0085 No 22.89
Lennox Employees CU Lennox Employees Credit Union 1004 E Main St 50158 (641) 754-4501 No 23.59

Advantage Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Advantage Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 12.90 2.99 2.99 4.25 4.99
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 452 145 91 174 228
Rank Among All Iowa Credit Unions 24 21 10 26 29

Advantage Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.40 0.58 0.70 0.65
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 75 51 224 205
Rank Among All Iowa Credit Unions N/A 10 9 29 24
Advantage Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 12.900572736,882
All Other Unsecured Loans/Lines of Credit 11.740246441,464
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.9901292,765,665
Used Vehicle Loans 2.9909399,236,356
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.2501697,964,412
Total Other Real Estate Loans/Lines of Credit 4.99025638,790
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 6.99081112,439,740
TOTAL LOANS & LEASES 2,89134,223,309

Advantage Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 0000
    b. 15 Years or less 1385,502,144421,221,049
    a. > 15 years 262,129,7238614,239
    b. 15 Years or less 5332,545131,115
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 10150,798359,099
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 15487,99200
Open-End Fixed Rate 0000
TOTALS 1948,603,202541,925,502


Interest Only & Payment Option 1st Mortgage Loans 10680,922199,681
Interest Only & Payment Option Other RE/LOC Loans 000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Advantage Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit No
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans Yes
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes