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Overview / Commentary
31 W US Highway 30
Schererville, IN 46375-2108

Advance Financial Credit Union is headquartered in Schererville and is the 29th largest credit union in the state of Indiana. It is also the 1,110st largest credit union in the nation. It was established in 1937 and as of March of 2014, it had grown to 63 employees and 18,404 members. Advance Financial Credit Union has a C+ health rating.

Field of Membership Restrictions

Must live, work, worship, volunteer or is educated in Lake County, Indiana. - See Details

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Data for Q1 2014

Institution Health


Texas Ratio


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 Advance Financial Credit Union had $2.16 million in non-current loans and owned real-estate with $13.7 million in equity and loan loss allowances on hand to cover it. This gives Advance Financial Credit Union a Texas Ratio of 15.76% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Advance Financial Credit Union experienced no significant changes from 15.72% as of March 31, 2013 to 15.76% as of March 31, 2014, resulting in a negative change of 0.30%. This indicates that the balance sheet and financial strength for Advance Financial Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Advance Financial Credit Union has decreased its total deposits by -$5 million, resulting in -3.44% 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 Advance Financial Credit Union has shown is below average.



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. Advance Financial Credit Union has $157.13 million in assets with $13.7 million in equity, resulting in a capitalization level of 8.72%, which is average.

Institution Statistics

NCUA #24078
Year Chartered1937
Primary Regulator
Assets and Liabilities
Assets$157.13 million
Loans$130.30 million
Deposits$140.61 million
Equity Capital$12.25 million
Loan Loss Allowance$1.45 million
Unbacked Noncurrent Loans$2.16 million
Real Estate Owned$0
Historic Data - March 2013
Assets$158.76 million
Equity Capital$11.17 million
Loan Loss Allowance$1.28 million
Unbacked Noncurrent Loans$2.16 million
Real Estate Owned$320,000
Profit Margin - Quarterly
Net Interest Margin1.09%
Return on Assets-0.16%
Return on Equity-1.99%
Interest Income$1.59 million

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Advance Financial Credit Union Savings Account Rates

0.05%--Regular Savings
0.05%--Holiday Club
0.05%--Back-to-School Club Savings Account
0.05%--The Wedding Registry Account
0.05%$25-IRA Savings

Advance Financial Credit Union Money Market Rates

0.20%$150k-Money Market

Advance Financial Credit Union Checking Account Rates

0.08%$20k-Better Than Free Checking Account
0.07%$25-Advantage Plus Checking Account

Advance Financial Credit Union CD Rates

1.51%$500-60 Month CD
1.26%$500-48 Month CD
1.00%$500-36 Month CD
0.60%$500-30 Month Traditional CD
0.50%$500-24 Month CD
0.40%$500-18 Month CD
0.25%$500-12 Month CD
0.25%$20-12 Month Payday CD
0.10%$500-6 Month CD
0.10%$40-6 Month Payday CD
0.07%$500-3 Month CD

Advance Financial Credit Union IRA Rates

1.51%$500-60 Month IRA
1.26%$500-48 Month IRA
1.00%$500-36 Month IRA
0.60%$500-30 Month Traditional IRA
0.50%$500-24 Month IRA
0.40%$500-18 Month IRA
0.25%$500-12 Month IRA
0.25%$20-12 Month Payday IRA
0.10%$500-6 Month IRA
0.10%$40-6 Month Payday IRA
0.07%$500-3 Month IRA

Advance Financial Credit Union Locations
Branch Office1544 W 36th AveGary, IN 46408-1656
Branch Office4035 Alder StEast Chicago, IN 46312
Branch Office31 W US Highway 30Schererville, IN 46375-2108