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Advantageplus of Indiana Credit Union

Overview
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Advantageplus of Indiana Credit Union is a federal credit union based in Terre Haute, Indiana. It has been opened since 1953, for 67 years.

With around $23,420,000 in assets, Advantageplus of Indiana Credit Union is considered to be an average size credit union. It has 1 branches and 1 ATM locations.

About
Address P.O. Box 5261
Terre Haute, Indiana 47805
Website http://www.apifcu.com
Phone (812) 231-7900
Fax (812) 232-2702
CEO Pamela A. Lister
President of the Board Sharon Dick
Services Offered
Map
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Score Card
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67 years
Years in business
Opened in 1953
Well Capitalized
Net worth classification
Source: NCUA
6,736 members
Membership type: Community credit union
Above average number of members
642:1
Credit union member to staff ratio
642 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
$23,424,246
Total assets
Average size
1 branch
Compared with an average of 4 nationally and 3 in Indiana
Average number of branches
0.25%
Savings interest rate
Compared to 0.3% nationally
15.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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1 branch
Compared with an average of 4 nationally and 3 in Indiana
Average number of branches
Advantageplus of Indiana Credit Union Branch Locations

Advantageplus of Indiana Credit Union: Main Branch
1122 North Fruitridge Avenue
Terre Haute, Indiana 47804
ATM Available
Members
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6,736 members
Membership type: Community credit union
Above average number of members

With 6,736 members, the Advantageplus of Indiana Credit Union is considered to be a large credit union. It is larger than 63% of credit unions.

Fees
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$55
Average fee per member
The average fee per member at the Advantageplus of Indiana Credit Union is $55, which is comparable to most credit unions. This rate is lower than 44% of all credit unions.
Fees are average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Advantageplus of Indiana Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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642:1
Credit union member to staff ratio
642 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
10 staff members
FTE (full-time equivalent)
25% of employees are part-time
9 full-time, 3 part-time

Advantageplus of Indiana Credit Union has 9 full-time staff members and 3 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 75% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Advantageplus of Indiana Credit Union has around 642 members per staff, a high ratio compared to other credit unions.

Assets
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$23,424,246
Total assets
Average size
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
18.1%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$7,893
Average loan and lease size
Loan & lease sizes are small. They are smaller than at 70% of credit unions.

Advantageplus of Indiana Credit Union holds a total of $18,660,000 in loans and leases, which is about $7,893 per member on average.

Savings interest rate
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0.25%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Advantageplus of Indiana Credit Union pays 0.25%.

Loan rates
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15.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
12.36%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
7.07%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.53%
New car loan rate
Compared to 4.0% nationally
5.46%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.18%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
7.00%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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