Credit union · NCUA insured
Advantage Credit Union
Top CarrotA $106.5M credit union headquartered in Newton, IA, with 7,154 members and 1 branch in Iowa. Best rates: CDs 2.80% and savings 1.51% APY.
Advantage Credit Union Carrot Score
Carrot ScoreTop Carrot
Higher than 97% of U.S. banks and credit unions
#3 of 53 in Des Moines, IA metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Advantage Credit Union
Based in Newton, Iowa, member-owned Advantage Credit Union was formed in 1937 as Local 1116 UERMWA Credit Union.
The credit union serves residents and employees across Jasper County and 18 other Central Iowa counties.
- Headquarters
- 121 W 3rd St N, Newton, IA 50208-3040
- NCUA charter
- 64030
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Membership is open to anyone who lives or works in Jasper County or 18 other counties in Central Iowa (19 Iowa counties total).
Branches
1 branch in Iowa
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Iowa
1 branch
- Advantage Credit UnionMain office121 W 3rd St N, Newton, IA 50208Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 15.31% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 2.39% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 1.07% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $66 | $76 | — |
- CapitalNet worth ratio15.31%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late2.39%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets1.07%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$66Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Advantage Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.