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Catholic Vantage Financial Credit Union

Overview
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Catholic Vantage Financial Credit Union is a federal credit union based in Livonia, Michigan. It has been opened since 1953, for 67 years.

With around $95,580,000 in assets, Catholic Vantage Financial Credit Union is considered to be a large credit union. It has 2 branches and 3 ATM locations.

About
Address 36111 Five Mile Road
Livonia, Michigan 48154
Website http://WWW.MYCVF.ORG
Phone (734) 432-0212
Fax (734) 432-5018
CEO Peter M. Bagazinski
President of the Board Michael Hammond
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
9,602 members
Membership type: Multiple common bond – primary faith based
Above average number of members
369:1
Credit union member to staff ratio
369 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$95,576,752
Total assets
Above average
2 branches
Compared with an average of 4 nationally and 4 in Michigan
Above average number of branches
0.05%
Savings interest rate
Compared to 0.3% nationally
12.24%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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2 branches
Compared with an average of 4 nationally and 4 in Michigan
Above average number of branches
Catholic Vantage Financial Credit Union Branch Locations
Members
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9,602 members
Membership type: Multiple common bond – primary faith based
Above average number of members

With 9,602 members, the Catholic Vantage Financial Credit Union is considered to be a large credit union. It is larger than 70% of credit unions.

Fees
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$53
Average fee per member
The average fee per member at the Catholic Vantage Financial Credit Union is $53, which is comparable to most credit unions. This rate is lower than 46% 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 Catholic Vantage Financial Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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369:1
Credit union member to staff ratio
369 per each FTE employee
Compared to 411:1 nationally
Average number of staff
26 staff members
FTE (full-time equivalent)
14% of employees are part-time
24 full-time, 4 part-time

Catholic Vantage Financial Credit Union has 24 full-time staff members and 4 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 86% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Catholic Vantage Financial Credit Union has around 369 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets
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$95,576,752
Total assets
Above average
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.
7.9%
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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$13,212
Average loan and lease size
Loan & lease sizes are bigger than average. They are bigger than at 72% of credit unions.

Catholic Vantage Financial Credit Union holds a total of $77,620,000 in loans and leases, which is about $13,212 per member on average.

Savings interest rate
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0.05%
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. Catholic Vantage Financial Credit Union pays 0.05%.

Loan rates
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12.24%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
11.75%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
6.99%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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2.99%
New car loan rate
Compared to 4.0% nationally
3.74%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.25%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
5.13%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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