1st Advantage Federal Credit Union is headquartered in Yorktown and is the 17th largest credit union in the state of Virginia. It is also the 449th largest credit union in the nation. It was established in 1951 and as of December of 2022, it had grown to 204 employees and 70,666 members at 13 locations. 1st Advantage Federal Credit Union's money market rates are 7X the national average, and it has an A health rating.
1st Advantage FCU is open to those who live, work, worship, or attend school in the Virginia cities of Chesapeake, Hampton, Newport News, Norfolk, Poquoson, Portsmouth, Richmond, Suffolk, Virginia Beach, or Williamsburg; the Virginia counties of Gloucester, Isle of Wight, James City, Mathews, or York; the North Carolina counties of Currituck or Gates.
See current membership details
I've been with 1st Advantage FCU for years because of their rates. Anytime I want to finance a purchase, they always give me the best rates without the hassle. The application process was quick and easy! They even allowed me to completed everything from a different state!
Overall | |
---|---|
NCUA # | 7448 |
Year Chartered | 1951 |
Employees | 204 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 1.23% |
Return on Equity - YTD | 11.26% |
Annual Interest Income | $35.2MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q4 2022vs Q4 2021 | $940.2MM$927.3MM |
Loans | Q4 2022vs Q4 2021 | $670.9MM$586.8MM |
Deposits | Q4 2022vs Q4 2021 | $822.6MM$810.6MM |
Equity Capital | Q4 2022vs Q4 2021 | $102.5MM$101.3MM |
Loan Loss Allowance | Q4 2022vs Q4 2021 | $4.9MM$4.9MM |
Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $4.0MM$4.4MM |
Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.05% | $100 | - | Premier Checking | |
0.05% | $250 | - | Preferred Checking | |
0.05% | $1k | - | Non-Profit Business Checking | |
0.05% | $2.5k | - | Premier Business Checking |