2024 Overview
General Credit Union Information
Adventure is an NCUA insured institution located in Grand Rapids, MI. It was founded in 1936 and has approximately $434.89 millions in assets.
Who can join?
You can be a member of Option 1 Credit Union if you live, work, worship, or attend school in the following counties: Allegan, Barry, Clinton, Eaton, Ingham, Kent, Livingston, Newaygo, Ottawa, Shiawassee. The charter also allows Option 1 to serve people with disabilities who reside in Michigan and businesses who provide disability related services, as well as the employees of 500+ employer groups, unions and associations in the West Michigan and Lansing areas. Additionally, Option 1 membership is offered to persons related by blood or marriage to a current credit union member and people who reside in the same household as a current credit union member. For-profit and non-profit businesses and associations and their employees who are affiliated with the healthcare profession in the State of Michigan are also eligible for Option 1 membership.
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 60936 |
| Date Established | 1936 |
| Assets | $434.89 million |
| Loans | $297.37 million |
| Deposits | $371.75 million |
| Capital | $61.81 million |
Field of Membership Restrictions
Membership is open to those who live, work, attend school or worship in Barry, Allegan, Eaton, Clinton, Ingham, Ionia, Kent, Livingston, Newaygo, Ottawa, and Shiawassee Counties in Michigan. Membership is also open to anyone with disabilities living or working in the state of Michigan and to businesses who provide disability-related services and to employees of the Select Employer Groups.
Deposit Rates - April 27, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.10% | $2,500 | $4,999 |
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|
|
Money Market
|
0.15% | $10,000 | $14,999 |
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|
|
Money Market
|
0.20% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.60% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.60% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.70% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.70% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
1.01% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
1.01% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
1.15% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
1.15% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
1.30% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
1.30% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.40% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.40% | $100,000 | $199,999 |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Var IRA
|
0.35% | $1 | $499 | Learn More |
Loan Rates - April 27, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Adventure
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.787% | 6.750% | 0.38 | $1,203 | $2,076 | Learn More |
NMLS ID: 2059741 |
7.004% | 6.875% | 0.63 | $4,192 | $2,103 | Learn More |
NMLS ID: 3030 |
7.463% | 7.375% | 0.88 | $2,800 | $2,211 | Learn More |
NMLS ID: 491986 |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Adventure
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Branches
Below are Adventure branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
ADVENTURE is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Adventure Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Adventure. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Adventure | U.S. Average |
|---|---|
| 10.14% | 6.97 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of December 31, 2023, Adventure had $6,504,277 in non-current loans and $1,555 in owned assets. To cover these potential losses it had $61,806,880 in net worth and $2,382,443 in loans loss reserves. That gives it a Texas Ratio of 10.14%.
Net Worth
| Adventure | U.S. Average |
|---|---|
| 14.2% | 13.62% |
Adventure FCU has a net worth of 14.2% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Adventure
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