Advantage Credit Union

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.

Compare Advantage Credit Union To Other Local Credit Unions

Credit Union Name	Branch Name	Address	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

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	12.900	572	736,882
All Other Unsecured Loans/Lines of Credit	11.740	246	441,464
Short-Term, Small Amount Loans (STS) (Federal CU Only)	0.000	0	0
Non-Federally Guaranteed Student Loans	0.000	0	0
New Vehicle Loans	2.990	129	2,765,665
Used Vehicle Loans	2.990	939	9,236,356
Total 1st Mortgage Real Estate Loans/Lines of Credit	4.250	169	7,964,412
Total Other Real Estate Loans/Lines of Credit	4.990	25	638,790
Leases Receivable	0.000	0	0
Total All Other Loans/Lines of Credit	6.990	811	12,439,740
TOTAL LOANS & LEASES		2,891	34,223,309

Advantage Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

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	0	0	0	0
b. 15 Years or less	138	5,502,144	42	1,221,049
Balloon/Hybrid
a. > 15 years	26	2,129,723	8	614,239
b. 15 Years or less	5	332,545	1	31,115
Other Fixed Rate	0	0	0	0
Adjustable Rate 1 yr or less	0	0	0	0
Adjustable Rate > 1 yr	0	0	0	0

OTHER REAL ESTATE

Closed-End Fixed Rate	10	150,798	3	59,099
Closed-End Adjustable Rate	0	0	0	0
Open-End Adjustable Rate	15	487,992	0	0
Open-End Fixed Rate	0	0	0	0
TOTALS	194	8,603,202	54	1,925,502

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans	10	680,922		199,681
Interest Only & Payment Option Other RE/LOC Loans	0	0		0
REVERSE MORTGAGES
a. Federally Insured Home Equity Conversion Mortgage (HECM)	0	0	0	0
b. Proprietary Reverse Mortgage Products	0	0	0	0

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