Advantage Federal Credit Union

Advantage Federal Credit Union Locations
1975 Buffalo Rd
Rochester, NY 14624
585-454-5900
www.advantagefcu.org

NCUA


Advantage Federal Credit Union is headquartered in Rochester and is the 44th largest credit union in the state of New York. It is also the 924th largest credit union in the nation. It was established in 1975 and as of December of 2012, it had grown to 68 employees and 21,405 members. Advantage Federal Credit Union has a 5-star health rating.

Advantage Federal Credit Union Routing Number: 222382292

Related Posts

Competitive 5-Year CD Rate at Advantage FCU in Rochester, NY - Local Only - 1/24/2010

Advantage Federal Credit Union is offering a very competitive 5-year term share and IRA certificate with a 3.70% APY. This is listed in the credit union's share certificates rates page as of 1/24/201 ...

4.00% 4-Month CD at a New York Credit Union (Advantage) - 5/30/2008

Advantage Federal Credit Union is offering a special 4.00% APY 4-month term share certificate. The minimum deposit is $500, and the maximum is $100,000. This doesn't seem to be listed at the credit union's website. A reader sent me email on this deal...



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

Advantage Federal Credit Union Checking Account Rates

ApyMinMaxProduct
0.65%$75k-Smart Money Checking

Advantage Federal Credit Union Savings Account Rates

ApyMinMaxProduct
0.50%--Youth Savings
0.50%--Teen Smart Savings
0.05%--Spread-the-Check
0.05%--Vacation Club
0.05%--Regular Share
0.05%--Holiday Club

Advantage Federal Credit Union Money Market Rates

ApyMinMaxProduct
0.55%$50k-Money Maker

Advantage Federal Credit Union CD Rates

ApyMinMaxProduct
1.50%--60 Month CD
1.30%--48 - 59 Month CD
1.00%--36 - 47 Month CD
0.90%--30 - 35 Month CD
0.75%--24 - 29 Month CD
0.70%--18 - 23 Month CD
0.60%--12 - 17 Month CD
0.40%--6 - 11 Month CD

Advantage Federal Credit Union IRA Rates

ApyMinMaxProduct
1.50%--60 Month IRA
1.30%--48 - 59 Month IRA
1.00%--36 - 47 Month IRA
0.90%--30 - 35 Month IRA
0.75%--24 - 29 Month IRA
0.70%--18 - 23 Month IRA
0.60%--12 - 17 Month IRA
0.40%--6 - 11 Month IRA

Rates updated: 5/18/2013

Data for Q4 2012


Institution Statistics


ADVANTAGE
NCUA #24181
BankRate ReportView
Year Chartered1975
Employees68
Primary Regulator

Assets and Liabilities

Assets$191.07 million
Loans$147.05 million
Deposits$165.31 million
Equity Capital$20.23 million
Loan Loss Allowance$544,000
Unbacked Noncurrent Loans$509,000

Historic Data - December 2011

Assets$165.40 million
Equity Capital$18.65 million
Loan Loss Allowance$551,000
Unbacked Noncurrent Loans$467,000

Profit Margin - Quarterly

Net Interest Margin4.29%
Return on Assets0.87%
Return on Equity8.23%
Interest Income$7.91 million
Non-Interest Income$3.77 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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, 2012 Advantage Federal Credit Union had $509,000 in non-current loans and owned real-estate with $20.78 million in equity and loan loss allowances on hand to cover it. This gives Advantage Federal Credit Union a Texas Ratio of 2.45% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Advantage Federal Credit Union held steady from 2.43% as of December 31, 2011 to 2.45% as of December 31, 2012, resulting in a negative change of 0.70%. This indicates that the balance sheet and financial strength for Advantage Federal Credit Union has held steady in recent periods.
Deposit Growth5
In the past year, Advantage Federal Credit Union has increased its total deposits by $20.75 million, resulting in 14.35% 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 Advantage Federal Credit Union has shown is excellent.
Capitalization4
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. Advantage Federal Credit Union has $191.07 million in assets with $20.78 million in equity, resulting in a capitalization level of 10.87%, which is above average.
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