Advance Financial Credit Union

Advance Financial Credit Union Locations

31 W. Lincoln Highway
Schererville, IN 46375
219-392-3900
www.advancefcu.org

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Advance Financial Credit Union is headquartered in Schererville and is the 27^th largest credit union in the state of Indiana. It is also the 1,061^st largest credit union in the nation. It was established in 1937 and as of December of 2011, it had grown to 66 employees and 19,816 members. Advance Financial Credit Union has a 3-star health rating.

$200 Checking Account Bonus at Advance Financial in Indiana - Local Only - 11/1/2011

For those participating in Bank Transfer Day, here's a good credit union with a nice checking account promotion. It's Advance Financial Credit Union , and you can earn up to $200 in its checking accou ...

$100 Checking Account Bonus at Advance Financial in Indiana - Local Only - 5/31/2011

Advance Financial Federal Credit Union has a checking account promotion in which you can earn up to $100. It's scheduled to last until June 30, 2011. To qualify for the full bonus requires opening a c ...

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See Rates for: Checking | Savings | Money Market | CD | IRA

Advance Financial Credit Union Checking Account Rates

Apy	Min	Max	Product
0.20%	$20k	-	Better Than Free Checking Account
0.15%	$25	-	Advantage Plus Checking Account

Advance Financial Credit Union Savings Account Rates

Apy	Min	Max	Product
0.10%	-	-	Holiday Club
0.10%	-	-	Back-to-School Club Savings Account
0.10%	-	-	The Wedding Registry Account
0.10%	$50	-	IRA Share
0.05%	-	-	Regular Share

Advance Financial Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.50%	$150k	-	Money Market

Advance Financial Credit Union CD Rates

Apy	Min	Max	Product
1.53%	$500	-	60 Month CD
1.27%	$500	-	48 Month CD
1.15%	$500	-	36 Month CD
0.70%	$500	-	24 Month CD
0.50%	$500	-	18 Month CD
0.40%	$500	-	12 Month CD
0.40%	$20	-	12 Month Payday CD
0.25%	$500	-	6 Month CD
0.25%	$40	-	6 Month Payday CD
0.20%	$500	-	3 Month CD

Advance Financial Credit Union IRA Rates

Apy	Min	Max	Product
1.53%	$500	-	60 Month IRA
1.27%	$500	-	48 Month IRA
1.15%	$500	-	36 Month IRA
0.70%	$500	-	24 Month IRA
0.50%	$500	-	18 Month IRA
0.40%	$500	-	12 Month IRA
0.40%	$20	-	12 Month Payday IRA
0.25%	$500	-	6 Month IRA
0.25%	$40	-	6 Month Payday IRA
0.20%	$500	-	3 Month IRA

Rates updated: 5/20/2012

Data for Q4 2011

Institution Statistics

ADVANCE FINANCIAL
NCUA #	24078
BankRate Report	View
Year Chartered	1937
Employees	66
Primary Regulator
Assets and Liabilities
Assets	$150.05 million
Loans	$121.54 million
Deposits	$136.89 million
Equity Capital	$10.86 million
Loan Loss Allowance	$1.21 million
Unbacked Noncurrent Loans	$1.83 million
Historic Data - December 2010
Assets	$145.26 million
Equity Capital	$11.24 million
Loan Loss Allowance	$1.05 million
Unbacked Noncurrent Loans	$1.31 million
Real Estate Owned	$182,000
Profit Margin - Quarterly
Net Interest Margin	5.34%
Return on Assets	0.53%
Return on Equity	7.39%
Interest Income	$7.83 million
Non-Interest Income	$1.04 million

Institution Health

Overall Score:

3 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Advance Financial Credit Union had $1.82 million in non-current loans and owned real-estate with $12.06 million in equity and loan loss allowances on hand to cover it. This gives Advance Financial Credit Union a Texas Ratio of 15.13% which is 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 held steady from 12.11% as of December 31, 2010 to 15.13% as of December 31, 2011, resulting in a negative change of 24.92%. This indicates that the balance sheet and financial strength for Advance Financial Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Advance Financial Credit Union has increased its total deposits by $4.8 million, resulting in 3.64% 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 above average.
Capitalization
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 $150.05 million in assets with $12.06 million in equity, resulting in a capitalization level of 8.04%, which is average.