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757-877-2444
110 Cybernetics Way
Yorktown, VA 23693

1St Advantage Credit Union is headquartered in Yorktown and is the 14st largest credit union in the state of Virginia. It is also the 374th largest credit union in the nation. It was established in 1951 and as of March of 2014, it had grown to 178 employees and 61,703 members. 1St Advantage Credit Union has a A health rating.

Field of Membership Restrictions

If you live, work, worship or attend school on the Virginia Peninsula (which includes Gloucester County, York County, the City of Williamsburg, James City County, the City of Newport News, the City of Hampton, and the City of Poquoson), or if a member of your immediate family is a member, you're eligible to join us. - See Details

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Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 1St Advantage Credit Union had $7.46 million in non-current loans and owned real-estate with $68.51 million in equity and loan loss allowances on hand to cover it. This gives 1St Advantage Credit Union a Texas Ratio of 10.89% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for 1St Advantage Credit Union experienced no significant changes from 7.09% as of March 31, 2013 to 10.89% as of March 31, 2014, resulting in a negative change of 53.54%. This indicates that the balance sheet and financial strength for 1St Advantage Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, 1St Advantage Credit Union has increased its total deposits by $24.77 million, resulting in 5.03% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth 1St Advantage Credit Union has shown is excellent.

Capitalization

GRADE:
A

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. 1St Advantage Credit Union has $608.18 million in assets with $68.51 million in equity, resulting in a capitalization level of 11.27%, which is excellent.

Institution Statistics

Overall
NCUA #7448
Year Chartered1951
Employees178
Primary Regulator
Assets and Liabilities
Assets$608.18 million
Loans$428.07 million
Deposits$517.18 million
Equity Capital$64.45 million
Loan Loss Allowance$4.06 million
Unbacked Noncurrent Loans$6.56 million
Real Estate Owned$903,000
Historic Data - March 2013
Assets$580.21 million
Equity Capital$61.90 million
Loan Loss Allowance$3.10 million
Unbacked Noncurrent Loans$6.56 million
Real Estate Owned$321,000
Profit Margin - Quarterly
Return on Assets0.18%
Return on Equity1.69%
Interest Income$5.67 million
Rates

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1St Advantage Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$100-IRA Variable
0.25%$100-Roth IRA Variable
0.25%$100-Coverdell ESA Variable
0.15%$100-Regular Business Savings
0.10%$100-Savings
0.10%$100-Christmas Club
0.10%$100-Vacation Club
0.10%--Junior Advantage
0.05%$100-Escrow

1St Advantage Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.31%--Member Rewards Money Market - Qualified Accounts
0.25%$75k-Money Market
0.25%$75k-Business Money Market
0.10%--Member Rewards Money Market - Non-Qualified Accounts

1St Advantage Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$100-Premier Checking
0.10%$500-Preferred Checking
0.10%$1k-Non-Profit Business Checking
0.10%$2,500-Premier Business Checking

1St Advantage Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.11%$500-60 Month Share Certificate
1.11%$500-Business 60 Month Share Certificate
0.71%$500-48 Month Share Certificate
0.71%$500-Business 48 Month Share Certificate
0.61%$500-36 Month Share Certificate
0.61%$500-Business 36 Month Share Certificate
0.53%$500-18 Month Share Certificate
0.53%$500-Business 18 Month Share Certificate
0.51%$500-24 Month Share Certificate
0.51%$500-Business 24 Month Share Certificate
0.36%$500-12 Month Share Certificate
0.36%$500-Business 12 Month Share Certificate
0.26%$500-6 Month Share Certificate
0.26%$500-Business 6 Month Share Certificate

1St Advantage Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.11%$500-60 Month IRA
0.71%$500-48 Month IRA
0.61%$500-36 Month IRA
0.53%$500-18 Month IRA
0.51%$500-24 Month IRA
0.36%$500-12 Month IRA
Locations

1St Advantage Credit Union has 11 locations. Click to view all 1St Advantage Credit Union locations.