Members Advantage Credit Union

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A short history of Members Advantage CU

Since its inception in 1962 the Members Advantage Credit Union has been serving its members in the MICHIGAN CITY, Indiana 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 Frank Beachnau, the Members Advantage CU has grown its membership to over 8,557 with assets of more than $94,689,210. They have a main office and 3 branch offices. Please see the credit unions website or contact them by phone at (219) 874-6943 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in MICHIGAN CITY, IN.

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

Charter Number 68242
Address 3064 S. OHIO STREET 
State Indiana 
Zip-Code 46360
Phone Number (219) 874-6943
Fax Number (219) 873-0568
Email Address:
CEO/President Frank Beachnau
Members 8,557 
Full-Time Employees 28 
Part-Time Employees
Number of Branch Offices
Total Assets 94,689,210 

Compare Members Advantage Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
First Trust CU First Trust Credit Union 402 J St 46350 (219) 324-4359 No 0.66
South Shore Railroad Emp CU South Shore RR EFCU 505 N Carroll Ave 46360 (219) 210-4624 No 2.35
La Porte Community CU Main Office 1304 Jefferson Ave 46350 (219) 326-8050 No 8.87
Grand Heritage CU Grand Heritage Federal Credit Union 201 Koomler Dr 46350 (219) 324-5220 No 8.92
Municipal Employees CU La Porte Fire Station #1 809 W 18th St 46350 (219) 380-2254 No 9.46

Members Advantage Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Members 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 8.75 2.75 2.75 3.50 6.05
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 139 115 71 72 347
Rank Among All Indiana Credit Unions 11 15 6 8 51

Members Advantage Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.10 0.30 0.25 0.25
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 129 97 310 266
Rank Among All Indiana Credit Unions N/A 26 15 52 47
Members Advantage Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 8.7502,3883,479,046
All Other Unsecured Loans/Lines of Credit 10.9901,089582,248
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.7502234,290,046
Used Vehicle Loans 2.7501,17713,373,520
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.50031515,266,290
Total Other Real Estate Loans/Lines of Credit 6.0502322,861,447
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 8.9902121,353,444
TOTAL LOANS & LEASES 5,63641,206,041

Members 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 534,780,6005833,200
    b. 15 Years or less 966,133,197180,000
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 712,313,5375324,413
Adjustable Rate 1 yr or less 952,038,9564298,126
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 40750,342165,000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 1922,111,1057207,473
Open-End Fixed Rate 0000
TOTALS 54718,127,737231,808,212


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

Members Advantage Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
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